Its not the American citizen who drives gold price
It is the central banks, governments and the extremely wealthy who buys the gold. All you shorts think it is Americas going crazy buying gold. 99% of Americans do not own gold except for some jewelry. Most of which is gold plated.
Get with the program very few Americans old any significant amount of gold.
Most Americans cannot afford 1900 dollar gold.
Think about it. It is not a bubble. The elite do not want you to own gold so they keep the price up to where you cannot afford it.
When the system collapse because of non- stop printing and spending the golden rule will take place.