You're not the only one. I don't know the explanation, but it seems to me that Europeans *SHOULD* be moving sizeable portions of their wealth into both gold and dollars about now. Dollars, obviously, are being affected. Why not gold?
What is clear is that gold is not cheap any more. When it was $300 an ounce, it was cheap. Today? No.
While I recommend everyone get gold, the reason isn't because it is so cheap, but because it is obvious that the worldwide currency war is going to continue unabated . . . and escalate . . . and drive currency-based assets into the dirty. It's only a matter of time before the strong dollar hurts our foreign sales and further damages employment. The Fed only has one response to that: More printing. Then foreign countries respond in kind, and an ever-tightening vortex brings everything to a head.
If there were a good way to move significant portions of one's wealth into physical OIL, I might recommend doing that. But where would you put it? That's why PM continues to be something people should buy. Even I probably should... despite the $1600 price tag.
In Roman days, it took hundreds of years for debasement to bring the empire to its knees. Things happen so much faster today that it would be naive to think the process won't happen in our lifetimes. Maybe if someone here has heart disease... or cancer. That's about the only "hope" for avoiding the approaching singularity.
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