Today on the way into work I listened to the radio and they had Steve Forbes on. Regardless of what you may think of it, I found it interesting that he thinks the US will go on a gold standard within 5 years (and he's not much of a gold bull I don't think). Am wondering if that were to happen what that would do to the gold price.

Also, Iran has been building its gold reserves. See article below:

TEHRAN, Iran -- Iran has changed some 15 percent of its foreign exchange reserve into gold stockpiles and there is no need for gold imports for the next 10 years, Central Bank governor Mahmoud Bahmani said here on Saturday.

Bahmani made the remarks at a national conference on development of the banking system.

He also said that the country's foreign currency reserve has gained several billion dollars as a result of the rise in global gold prices.

Bahmani said on October 23 that according to World Bank statistics Iran has $100 billion in foreign exchange reserves.