What happens to gold in 2013?

 

 2013 expectations for the gold price are generally bullish, whether in the mainstream or among those in the know in the industry (yes, the mainstream can be considered to be lesser specimens when it comes to understanding of money and precious metals). Gold has taken a long-enough break since the last part of 2011, throughout 2012, and I really don't think it has anywhere else to go but up for this year. 

First of all, the debt-fiscal-deficit-etc. crises in the US and the EU are still unresolved. The officials have no idea to get through the crisis, and so keep doing more of the same (inflation of money supply), which won't work, as it hasn't worked in the recent past nor back in end-days of the Roman Empire. 

Second, there are bubbles aplenty nowadays, such as that of student loans. Asia is experiencing its real estate bubble now, but expect its effects to be positive for gold in later years. For now, it is separate Asian demand for precious metals, and all the central bank buying going on, that are going to keep the price of gold afloat, and ultimately allow it to break its record price set in August-September 2011.