It's all off the outside markets, with metals and energy up, and gold is up to a 25-year high.

Funds are buying gold because they notice the decoupling from the euro and the decoupling from the energy market.

Gold is a safe haven. We have major political problems in Iran and energy problems in Nigeria.

Some of the reasons why people bought gold don't hold true anymore. Rising energy costs, inflation, the double deficit in the U.S. and geopolitical tension. None of them seem to be much of a problem.

As to those who hoard gold and silver and spend it not in God's path, give them, then, the tidings of a painful agony: on a day when these things shall be heated in hell-fire, and their foreheads, and their sides, and their backs shall be branded therewith.

The ring so worn, as you behold, / So thin, so pale, is yet of gold.