Differing Opinions, One From An Unusual Source

There are gold bulls and gold bears, but the two below make for an interesting contrast. The first article, "How low will gold prices spiral to when the bubble bursts?," is webbed by someone else but comes courtesy of Forbes India. The author's take is $700/oz, but an expert quoted said that it would take an unlikely spurt of non-inflationary growth for that to happen:

The world economy will have to improve. Drastically. The US growth rate needs to double at 6 percent, the world economy needs to grow at 2.5 percent and developed world stock markets need to grow by 50 percent in the next year.

Once that happens prices may slowly start to fall to 2007 levels (USD 695).

A counterpoint view, and a good summary of the bull case, is found in this article: "They Say Gold Bubble Will Burst Soon – I Say Ignore Them!." Perhaps ironically, this entry is from a personal-finance blog.