The money to push gold over $10,000 per ounce has already been printed.

One of the key drivers … for the US dollar gold price is real interest rates. It is thought that when interest rates on long-term sovereign bonds, minus inflation, are falling, it becomes more attractive to own gold as it is a less risky asset than sovereign bonds (gold has no counterparty risk).

There are reasons to think that the gold price will rise faster than expected.

Mr. Volcker certainly deserves credit for curbing the Great Inflation of the 1970s. However, he also merits a lion’s share of the blame for unleashing the Great Inflation on the US and the world economy in the first place. For it was Mr. Volcker who masterminded the program that President Nixon announced on August 15, 1971, which unilaterally suspended gold convertibility of US dollars held by foreign governments and central banks, imposed a fascist wage-price freeze on the US economy, and slapped a 10 percent surcharge on foreign imports.

“There are two sets of gold markets – on the one side, the COMEX gold futures and London OTC unallocated gold spot markets which are both ultra-leveraged and which both create gold supply out of thin air, and on the other side, the physical gold markets which inherit the gold prices derived in these paper gold markets. Currently the physical gold markets have no effect on the international gold price.”

To understand the price of gold, first, one needs to understand the true nature of its supply and demand dynamics.

Here, we present the views of 18,000 people, giving unprecedented insight into global buying patterns and attitudes across retail gold markets.

To sum up Gibson’s paradox, when the general pace of economic advancement slows: 1) bonds yield less interest, and 2) gold becomes more competitive, and thus 3) consumer prices (which are set in gold) fall. Conversely, when the economy becomes more productive: 1) bonds yield more interest, and 2) gold becomes less competitive, and so 3) the prices of food, shelter, and other consumer goods and services rise.

Here you can find Sam’s extensive Thesis on Gold. In the Thesis, Sam examines the Developments in the Gold Market, Cycles Analysis, Gold Market Fundamentals, Gold’s Monetary Perspective, Central Banks’ relation to Gold, the flaws in the Efficient Market Hypothesis, Gold Market Manipulation, Gold’s history and many other smaller topics. The report is a form of Market analysis and aims to provide a reliable picture of where Gold prices and Gold usage are heading over the next 20 year

The causes may differ – hyperinflation, death of paper currencies, economic mismanagement, capital controls, wars – but the outcome is always the same. People and economies instinctively turn to the ultimate asset gold as a safe harbour in times of crisis and emergency. Because only gold persists as a store of value and is trusted as a medium of exchange. Gold allows choices that are not available to those who do not hold gold. In crises, only gold provides economic freedom and liberty.