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Message:: [QUOTE="GoldFinger1969, post: 24558206, member: 73489"]There isn't any direct correlation.  The gold standard ended in 1933 or 1971, take your pick. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> Gold will go up as rising demand outstrips supply (new + existing stocks). Keep an eye on Indian demand, as millions of Indians go from poverty incomes to middle-class incomes every year for the next decade. They will not put the 10-fold rise in incomes into more food, it will be used for consumption and savings (gold). Here's annual Indian gold consumption over the decades:<ul> <li>Pre-Independence (1947)......~ 30 tons per year</li> <li>1950's-1960's......................~  90 tons per year</li> <li>1980's................................~ 150 tons per year</li> <li>1990's................................ ~ 375 tons per year</li> <li>Today................................. ~ 700 tons per year</li> </ul>If by 2030 India is taking in 1,500 tons of gold per year, that is a big drawdown combined with more rising Chinese/Asian, African, South/Central American demand, plus Europe/North America. Gold today is where it was in the early-1960's....you KNEW the price was going alot higher, you just didn't know WHEN. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]