Meetings at the recent Cambridge Conference in Vancouver with seriously-long gold bugs revealed enormous concern over a global central-bank-engineered effort to drive retail investors out of precious metals and into stocks.
And how do you expect them to do this? The problem with your argument is it is all talk, no substance.
Gold is rising because real interest rates are negative. I highly doubt they will raise interest rates. Our economy would be crushed under higher interest payments. Are you suggesting the end of the American economy as we know it?
I appreciate this line of thought. However, you fail to explain any concrete method that could crush the gold market. All you say is there is some nebulous "effort."
There is no real logic in your argument. It is an emotional argument, namely based on fear.
The Washington/London/ECB bankers are convinced that money velocity is being impaired by p.m. "hoarding" and they are going to crush the gold/silver markets in order to trigger a rush of cash back into the banking system.
Are you suggesting that there is a 'CONSPIRACY' of manipulation in the making?