One of the best parts of my job is when I hear back from you.

And two recent columns in particular on gold generated a larger-than-normal response.

The comments were related to the two-parter on gold prices that we published on Nov. 5 ("The Secret Gold Standard") and Nov. 13 ("Why Obama's Victory Means Higher Gold Prices").

Let's take a look at what you had to say.

The comments related to the "Secret Gold Standard" column were especially intriguing because a number of you thought I was advocating a literal return to the "gold standard."

I wasn't, of course. I employed the term as a convenient metaphor to try and help folks understand how the world's central banks were adding gold reserves for the first time in nearly a quarter century.

In fact, a global return to the gold standard isn't possible - there literally isn't enough gold to allow that to happen. It would crimp money-supply growth in such a way that global economic growth would be stymied.

A number of you wrote in to make that same point - including one reader who actually performed all the necessary calculations to make his case.

Al K. wrote in to ask: "Some analysts believe gold will drop further & others believe gold has bottomed out now. What do the experts of Money Morning believe?"

Since Al requested an "expert" opinion - a fair request - I put in a call to Chief Investment Strategist Keith Fitz-Gerald.

The Outlook For Gold Prices