gw, imo

the simple answer is:

gold will be driven by peoples perception of what a dollar will be worth

there is no basis anymore for government issued currency (no gold standard)..so it makes less difference if the govt (i should say central bank) issues $100 or $10,000,000,000,000.....

some say the GDP of a country regulates the strength of the currency...thats BS (kinda like peak oil)....our GDP in the US comes from other countries (and believe me those countries are claiming anything made there by an american company as thier GDP....so whats that leave?

full faith and credit of the US government

as people decide they're not as sure as they used to be about the security of the dollar gold, gas, water, chickens, everything will go up in value.... personally i see a turnaround developing (especially in first hit areas such as FL/Cal) by years end...dont forget, about 10 years ago we had trillions in surplus....so things can change pretty quickly....maybe a couple trillion spent today is just an investment.