I am a complete gold-bug. I love the stuff. I think that gold is a good measure for trade also. But I will be honest here. I feel that what the article says is true. Gold (like oil and silver) is "Run up" at the moment. I am also sure that the current "price" of gold is imminently going to fall. Now by how much... that is the question.Basically this is saying when you see people stop using gold like it is real money (which it is) and start treating it like a simple commodity again to be used in production that the run up and possibly reduction in the price of gold is imminent.
My question, does anyone really see the attitude of people NOT treating gold like the real money it is going away...ever again?
Now as to your question... the people having the attitude of "gold being treated like real money" has ALWAYS been there. It is the AMOUNT/PERCENTAGE of people that feel that way that is in question. As gold goes up in price and economy does worse, this percentage will continue to rise. But as gold falls in price, you will see this feeling go downwards. So when the gold mini-bubble breaks... you will loose a lot of people using gold as a measure of trade. Now this can take 1-20 years... who knows. There will always be people who will use it though.