There is a reason why germany has to wait 7 years to get back half the gold the USA is holding for them. The gold was lent out to china, india and other nations and no longer exists in fort knox!
Market makers keep saying a recovery in the global economy will make gold prices drop... I think that the recovery will accellerate the buying in China and India as their purchases have been a economic gold for China to obtain fully tradeable currency and Indians buy gold for wedding gifts. These countries are going to continue to grow in wealth and their government along with their people will accumulate all the physical gold they can at cheap prices. Keep in mind India, China, and other developing nations have much higher inflation in their respective currencies so buying gold today is making them far more wealthier then holding the fiat currencies.