Monster, if the world enters a new phase of deflation (almost a certainty IMHO), then the associated currencies will also devalue. In this scenario, gold should re-establish it's historic prominence as a 'true' store of value, and increase in value accordingly. I see it stabilising in the near term at the $1050 -$1150 range, with the next two stages of increase initially to the $1500 level, then up to possibly $2000. Gold has increased 4 fold in 6 years. I think the coming collapse of the world economy will see gold reaching historic highs. Remember, on an inflation adjusted basis, gold would have to reach about $2200 to equal it's previous highs of the early 80's. One things for sure, equities and property are (particularly in China/HK) are about to see a stomach churning plunge. I think it will be 2020 at the earliest before the world recovers to 2007 levels of wealth.