It is safe to say that most on this board are very bullish about the price of gold - even looking years into the future. The prediction that gold value will increase over time is based on many factors such as inflation, trade imbalances, etc. I've seen numbers out there from $1500/ounce all the way up to $15,000 an ounce (Mike Maloney, there is a youtube video), and my guess is that the final peak value will eventually be somewhere in between. And we must accept that the value of $1100 could be the peak, too (although unlikely).

My question is, at what point is gold no longer a good investment? I'm thinking in the sense of building wealth through leverage, ie gold miners; although I guess it also makes sense to analyze this question by thinking of gold as "real money" and a means towards preserving wealth.

What are the various methods to evaluate the price of gold in a manner that one can judge if the price is hitting a long term peak? does one compare the price of gold w/ other commodities, home prices, other stuff?

P.S.F.