[JudgemAll]

High energy prices makes mining and exploration of gold expensive, add gulf nations buying gold as a result of oil transactions, and a glut is not so evident.

Also some cultures have traditions of buying jewlry, like.... 2 billion Indian and Chinese who are now going to be able to do so.... there is not enough gold on earth to adorn all the women in India with a mere basic gold bracelet

[Nachum]

High energy prices makes mining and exploration of gold expensive

High gold prices make it less so

Also some cultures have traditions of buying jewlry, like

Which will all get melted down and sold when the price of gold gets to a certain point...