Will NOT happen.
1,) this article like all others like it are baseless hysteria and predictions with no credible explanation of the economic trends behind them, especially the false statement in 2.)
2.) See the quote in the gold chart above. noticing the part about "must print dollars"
yoo knows nothing about US policy. The US G has printed NOTHING and will not. Apple corp has more money than Uncle Sam. They can not print because that will devalue the dollar and make the debt burden greater. They do not need to print due to trading in trade deficit.
Maybe in Japan they will print yen, but no one is printing anything in the US
3.) flight from European and Japanese currencies to dollars will strengthen dollar and bring gold down
4.) gold is at an all time high
5.) gold has stopped rising
6.) a commodities broker im familiar with apparently has stoped selling and is apparently hurting for income with high fees
7.) the crooked gold buyers in the US have stopped buying.
8.) False statement:
"Gold is a hedge against the debasement of currencies and rampant inflation –"
gold has no relation to currencies or inflation. NO Nation uses commodities for a currency base, thats the USD. Inflation, says a CREDIBLE ECONOMIST named Friedman, says inflation is ONLY caused by Governments printing money, and the US has had no significant rise in inflation, proving no money has been printed.
9.) "This gloom has also raised the prospect of more money printing by the Federal
Reserve"
The Federal reserve has not printed anything, else there would be US inflation and there isnt. Theres actually price level decline. Slightly higher gasoline and foo dprices do not constitute the US economy and do not determine inflation
10.) Baseless opinion:
"There is also an uncanny correlation between the gold price and the US debt ceiling."
But there is no macro economic link between the two. I can say the debt level and gold are related to NASA retiring the Space Shuttles with the same baseless reasoning, and lack of proof.
You fall for this and youll regret it BIG time. the dollar is coming back
