Gold's Long-Term Price Trend is Maintained During Q1 2012

World Gold Council Report
Q1 2012 saw the gold price rise 8.6% to reach US$1,662.50/oz on the London PM fix by quarter-end on 30 March (Chart 1). The average price for the quarter was marginally higher than Q4 2011 (+0.2%) and 22% higher on a year-over-year basis, as drivers of gold demand and supply continued to support its long-term trend. This performance was echoed in all major currencies. Local Japanese investors benefited the most as a weaker yen on investment outflows for foreign acquisition and a Bank of Japan commitment to quantitative easing saw gold rise 16.1% in local currency terms.   LINK...

"Dr Doom" sees Iran-Israel clash, says buy precious metals

By Sitaraman Shankar
DUBAI (Reuters) - Political risk in the Middle East has increased significantly with war between Iran and Israel almost inevitable, and precious metals and equities investments offer some safety, Swiss money manager and long-term bear Marc Faber said on Tuesday.   LINK...
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Remember the USA put sanctions on Iran in November of 1979 and gold more than doubled from $400 to $850 in January 1980. With similar tensions building in Iran, could we see the same this time around? After such a violent drop in the metals recently we suggest this is a GREAT buying opportunity right now, for long-term investors! BK

TRENDS in The Past 11 Years

Source:  Visit Zerohedge for more charts on trends.

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For those that believe gold cannot possibly go to $3,000 or $10,000 USD, please consider the hyperinflation period in Germany (LINK) during the early 1900's. Back then the German Mark was a very powerful and globally recognized currency as the U.S. Dollar is today, and you can see how printing money and/or expanding the balance sheet of a country via bailouts, stimulus, quantitative easing or whatever? It all has the same effect on commodity prices in general, especially GOLD!