Is there a peak-gold like there is a peak-oil?

Is there a peak-gold like there is a peak-oil?: "Why does gold rise?
Gold is a 'blue-chip', stable investment. Even more so than real-estate since one can move gold to a different location. Its price goes up when those willing to buy it outnumber those willing to sell it. The main three reasons why buyers seek gold are:

• Uncertainty due to war
•  Risk of high inflation
•  Lack of confidence in the economy and its leadership.

Today, all three conditions are present in the US market. The Federal Reserve has been artificially deflating the US inflation rate but today's real, high inflation, is the leading cause for high gold prices. More dollars buy less gold because the dollar is weak against all major currencies, consequently inflation is high. In addition, liquidity flooding BRIC countries allow investors to invest in gold which they traditionally value.As inflation increases and the dollar depreciates, count on the price of gold to increase again in the coming months."