Gold

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What no thread on Gold yet?

I see these small gold mining stores popping up all over town near me.

"We buy Gold" is the sign that is attached to a stick being held by a guy that stands in the hot sun all day long to lure people in to sell their gold stuff. I know people that are going door to door to buy your stuff so they can take it to be sold. I've hear of an uptick in theft of gold related items.

So what is gold Worth? I know it's selling for @ $1,350/ounce right now. But what is it really "Worth"?
On a historical basis, the alltime high, when adjusted for inflation was in the early 80's. It hit $750/ounce but adjusted for inflation that would be @ 2,000/ounce. We're a far shot from that now. After hitting that mark though, It promptly plunged to $350 within a year. It never even came close to that $750 mark until late 2005.

I own some. I bought it a year ago and it's done very well for me. I wish I owned more.
I'm wondering if this is the bubble du jour. I think it is.
I am expecting that it will plunge again within the next 3 weeks.

I'd love to get some thoughts on it.