You gold bugs are comical. I could see a fair value being around $500-700/oz due to increased money supply. But to say $1700-1900 is close to fair is insane. That would mean milk, gas, break, sugar, etc should be multiples of its current price. At $1,600 an oz we are talking 8 times 2000 price levels. Has the money supply been increased 8 fold?
Funny how ppl like you pop up when it drops a few times but crawl back in your hole when it goes back up. The value of a dollar has significantly lost value in ten years...get a clue moron. Gold is not in a bubble, currency is and they keep inflating it thus gold trends upwards over the long run. If you're a day trader sure you lost some bucks but long gold is still the way to go. Countries will keep trying to print their way out of debt and Gold will go up, up and up.