Gold price appreciation makes up for lost interest, especially in a bull market.

The last four years are the beginning of a major bull move similar to the 70's when gold moved from $38 to over $800.

Central banks in several countries have stated their intent to increase their gold holdings instead of selling.

All gold funds are in a long term uptrend with bullion, most recently setting new all-time highs.

The trend of commodity prices to increase is relative to gold prices.

Worldwide gold production is not matching consumption. The price will go up with demand.

Most gold consumption is done in India and China and their demand is increasing with their increase in national wealth.

The short position held by hedged gold funds is being methodically reduced.

U.S. government economic policies over the past decade have systematically projected the U.S. economy down a road with uncontrollable federal spending and an uncontrollably increasing trade deficits. Both will cause the dollar to lose in international value and will increase the price of alternative investments, such as gold.

With the recent devaluation of many international currencies, the U.S. dollar was the international safe haven of last resort. We are seeing signs of this ending due to many financial factors, the most important one being a falling dollar.

U.S. debt owned by foreigners which could be repatriated under certain conditions. This could cause a major decline in the value of the dollar and a soaring gold price.

           If You Believe In 'Buy Low, Sell High', Gold Is Still Low, But Climbing !!