When will gold be overvalued?

Watch the full 33-minute video at http://www.goldmoney.com/sprott-turk-interview. Eric Sprott (http://www.sprott.com) and James Turk, Director of the GoldMoney Foundation, talk about the attempts to prevent liquidation of bad assets and how governments are throwing good money after bad. Eric then talks about the 3 conditions that he thinks are necessary to see gold as overvalued, and how we are very far from that point at this stage. Both James and Eric see gold as reaching a parabolic phase before the bull market runs its course. They also comment on how little confidence most mining companies have in gold. This video was recorded on August 4 2011 in London.