But Tectol, isn't it fear that has been driving investors into gold? And isn't higher inflation another big motivator to get into gold?

I am wondering if this is not a big drive by the bullion banks, on behalf of the US Government, to frighten people away from gold, as a delaying action to the decline of the FRN? The story is told that these banks can effect short-term downward pressure but are unable to curtail the gold price over time. I lke that story as it explains the volatility and is re-assuring about the gold price for the long run. Silver, too, seems obviously to be loosely tethered to gold, but is also subject to bear attacks in its own right.

Just my current thoughts -- no extensive research behind them.

O.F.