There are rumours that the US debt auctions are just a ponzi scheme. The US print money to buy their own debt auction. A ponzi waiting to fall over. If this is true, then gold price have more room to go much higher.

One must wonder why the Indians and the Chinese continue to buy huge amounts of gold even at these record high level prices. They are not stupid. Everytime anyone with large quantity to sell, they will take all of it.