Gold @ 1300

Today yellow metal reached 1,300.00 USD.

Gold is same as before. Same as tomatoes, same as stones.
Gold is same as it was back then when was $640.

The difference is the dollar. Dollar is fiat currency, backed by nothing.
Dollar worth only the paper on which is printed.
It is not a surprise that small kids - 3-4 years old thinks that coins worth more than banknotes.
Of course they must cost more because they are made from metal!!!

Now I expect gold to fell a little bit, but next target is 1350, then 1600 and so on to at least 2100.