Volatility dies off and this is bad for gold all of a sudden, because the dollar did not fall off of the proverbial cliff? Well time will tell on which monie lasts the day. Since gold fits all the rules for monie, and fiat does not, I think I know which one wins.
Gold is a store of wealth if not by default. There are so many super novas, and there is so much gold. Bernanke, Shirakawa, and all the European bankers will print their fiat until the paper drowns the world. Gold is the anchor of our ship as the storm obliterates its surroundings. Nature is what will be left after the destruction, because nature lasts forever.