The gold bugs are atwitter with their knickers in a knot because China is now buying gold at a 2,000 ton/yr rate.

At 31.103 g per troy oz is equal to 62.2 million troy oz per year, at $1366 per troy oz is $85 billion per year.

The fed is printing, via quantitative easing, to buy up treasuries, $85 billion per month. Other nations are printing that much or more.

Gold is not all that important in the giant Ponzi scheme called world fiats.

Not only have the bankers sold the allocated gold deposits of individuals, they are selling the national gold reserves that they were supposed to be protecting for their respective nations. They have agreed to sell China 2,000 ton gold per year at bargain rates to keep China from dumping treasuries and destroying the financial markets with outsized returns to the bankers in charge. Who cares if they are selling gold that is not theirs, what are you going to do, slap their wrists.

Ultimately, when the gold is all sold and the financial market collapses, there will be a war and someone will take the gold from China to start over with another fiat Ponzi scheme . The world population will also be reduced to about a billion to balance productivity with robots with useless eater carbon based units.

Gold is selling for about $1300 because that is the agreed price to keep China in line. And it may stay there until the end times come.