Martin Armstrong--The Strange Case for Gold http://armstrongeconomics.com/archives/28300 " $5,000 is the maximum possible target for gold. It only becomes possible with a collapse in the confidence of government. First, the dollar must rise, and that will keep pressure on gold. This is part of the process in setting the stage for a change in the monetary system as part of the Sovereign Debt Crisis. Gold has followed most commodities and it has not broken out, nor has it even kept pace with inflation. You would have been far better off buying stock in 1980 and selling the gold. You would have made a fortune. Then buy gold when it finally cracks. Right now, you are better off with $1200 in cash than $1200 worth of gold. The dollar is king right now. EVERYTHING has its time and place. That is how to trade. But government are trying to eliminate paper money and that will change the game."