I believe it is over priced as is this ruse, gold. However it's very disturbing when countries are putting cash into gold as opposed to financial instruments like stocks, corporates. I think the wise are making a resounding statement that the stock market is no longer a place one wants to be. Except for UAUA. Do you all realize that the SPX (S&P 500 index) has produced an annual LOSS in the last 11 years of -2%? When history had us believing that the norm was 8% per year.