[benjy]

thanks but does anyone have future predictions based on analysis of the market and understanding of the product supply. the thing is i have had it for a long time and don't want to sell it now to find out 5-10 years from now the price for it has doubled.

More is being used than is being pulled out of the ground. Unless cultural norms change and another (perhaps cheaper) non-corroding conductor comes around this is not bound to change.

It costs about $300 an oz. to get the stuff out of the ground setting a bottom price.

That all said gold's current price is largely driven as an inflationary hedge or a store of value. With worries about the solvency of many European nations (e.g. Greece & Ireland) and the potential insolvency of the $USD due to their ever mounting debt investors often need a place to park their wealth.

In conclusion, gold's future price is likely to be driven by macroeconomic factors and US budget deficits. I'm optimistic about neither; if you're worried about selling and gold doubling hold on to it.