The other scenario says gold is in a correction within a secular bull market that started in 2000 at $250 and will complete around $5,000 to $10,000. I personally believe that this is only a correction towards a price of at least $5,000. This pattern resembles the pattern created by the price of gold in the 70s bull market. I believe the 2000 bull market is a continuation of the collapse of the fiat system. Since it was decoupled from gold, the dollar and all the other currencies lost more than 95 percent of their value in gold.