Actually, the price of paper gold will probably fall to zero sometime within the near future.
Gold bullion, however, is selling near all time highs in almost all currencies despite the best price suppression efforts of central bankers. Just about everybody with an I.Q. greater than a carrot expects this trend to continue unabated as long as rampant money printing continues.
In related news, for some mysterious reason, Ben Bernanke To Miss Jackson Hole Symposium Due To "Scheduling Conflict". This is sort of like a football coach missing a big game because of "other commitments." The Helicopter does not want to talk to other economists or face the media, even in a structured, sheltered, controlled and friendly environment. For the life of me, I can't figure out why this would be so.
Let’s hope his “personal scheduling conflict” features a tear-stained handwritten note and a 10th-story window ledge.
The central banks and the governments of the world still have some breathing room, there are still a lot of carrots out there. For how long, depends on how quickly we descend into the abyss from here. Of course by the time they do go beyond the IQ of the carrot, getting physical metal will be next to impossible.