It hit a bottom of $252 in 1999. It then consolidated for a couple of years before starting a new trend in March of 2001. There was then a nice trendline until August of 2005 until it suddenly accelerated and then it recently became overbought when all of the hedge funds started to climb into gold. Now, the question is whether gold will move down to its basic trendline which would put it just under $500 per ounce or will it move sideways for a while until the trendline catches up. There is no rush to jump into gold. Just be patient.

Incidentally, short term real estate does not look that good because of interest rates. We've had 17 straight Federal Reserve increases which will probably lead to a recession. But long term with inflation being what it is, I would expect a tremendous increase in fundamental real estate prices (i.e., the basic standard U.S. house price).