The central planners have a fix on gold that over the past few months has been relentless. They are going all out to trash gold and silver in the paper markets. So far it has worked out for them. But even though they are winning a battle, they will lose the war.
Gold has been used as money for 5,000 years. It would be silly to assume that something with that kind of proven track record is no longer needed. The price suppression of the precious metals of late has been very effective. But you can only hold a beachball under water for so long, and right now gold and silver are trading under extreme conditions.
The reality is that asset prices are always, in the final analysis, driven by fundamental factors. Undervalued assets eventually go up in price, and overvalued assets eventually go down in price. The Venezuelan bolivar was overvalued and crashed, just like is now happening to the Turkish lira. Look at this chart of gold priced in liras."
- Source, James Turk via King World News
