In Gold We Trust

Here is an excellent report put out by the Erste Group. Very comprehensive analysis of gold with nice data points and charts. Their long-term target of $2,300 is in line with where I see gold going eventually.

Notice in the following chart provided in the report that gold does fine in deflationary environments since the value of money rises. Not that I believe we will see prolonged periods of deflation in America, but all talks about an imminent collapse in gold because of deflation are unwarranted.