The central banks will continue to print money. When I compare the price of gold in the late 1990's, it was below $300 an ounce. Now it is above $1,300 an ounce. But when I compare the expansion of central banks' balance sheets, the global economy, the quantity of money and credit in the world, then I can make a case that actually gold today is cheaper than in the 1990's when I compare it with all the other monetary aggregates. I think people should still own gold.
