Folks like IVO see the gold value, from the point of view of gold. From that angle, it DOES appear that gold is at an all time high, and why should it go much higher.
But they need to do a 180degree and see the gold value from the direction of the dollar. Dollar is slated to go down HARD. This devaluation has been clear for over a year, more so in the past few days.
So folks like IVO that think gold is going up have it wrong.
GOLD IS 1. NOT GOING UP, 2.DOLLAR IS GOING DOWN.
These that see these 2 events as being same, dont get it.
Those that understand that for the first time in 60 years, dollar is very shaky, and is backed by terrible fundamentals, inspite of being the currency of the RICHEST country on earth. They will realize it is inevitable dollar will devalue heavily, hence all commodities will go up against the dollar.
Most commodities are not optimum to store (water, oil, food), hence gold/silver/platinum are the best stores of value.