The key to understanding the multi-generation--as opposed to near term ups & downs--is to look at what has happened since the adoption of Keynesian policies in the "Great Depression." For example, see Gold & Money In America, II.
In the long run comparison, even after the recent sell-off, the dollar has lost over 98% of its value, when compared to gold!! That is not a very good recommendation for our monetary future, absent a very, very dramatic reawakening of the wisdom that once enlightened America. Obama has never shown the slightest inkling of even understanding what we are discussing, here.
William Flax
BINGO! If gold does "crash" in the short term (which I really doubt), then my plan is to buy a crap-ton more while it's on sale. Ditto for silver.