You are continually blinded by the US gold price. Aussie gold is near the top but because the US price dominates via media sentiment is kept low, or if you like under control.
However silver is different, it gets increasingly used in industry, particularly the new alternative power generation systems. For those who follow closely its well known that JPMorgan play the paper market diligently so as to keep it down whilst at the same time they are accumulating physical.