I’ve heard the production delay story for a while now, it makes a good cover story. If the problem was gold supply, it would reflect in the price I’d think. The production delay could just be a staffing thing, or maybe they are being cute and created a float period? Some think that gold is being manipulated to keep the price down, and that I think is a possibility. Many folks, are convinced it should either be much higher, or at 700 or far lower. The price does indeed seem to be manipulated.
I wonder if Gold right now, is the Elliot Spitzer investments. I made that up today...
What if the idea, is to discredit it as a fools investment, only to allow people to scoop it up on the cheap for later, when it REALLY is needed? I suspect that the day is coming where US GOVT bonds start a multi decade decline, and yields just expand and expand like they did in the 70s. The only good alternative to stocks in that case, will indeed be gold, silver, or something like that. Any bond would do poorly in a rising rate market, and real estate would have a monthly cost issue that would drag on for at least 10 yrs.
Delays at the mint - Occam’s Razor - they don’t have an adequate supply.
Also: Numerous arguments contra gold declining at forum https://www.kitcomm.com/forumdisplay.php?f=7
And for real skeptics http://www.marketskeptics.com/search?q=&max-results=100
Now the Internet is loaded with sales pitches, opinions and erroneous info. Right now gold is holding well above where you predict it will go to be any where near the crash you indicate. Here are some “skeptics” thoughts http://www.marketskeptics.com/search?q=&max-results=100
Re: “I suspect that the day is coming where US GOVT bonds start a multi decade decline, and yields just expand and expand like they did in the 70s. The only good alternative to stocks in that case, will indeed be gold, silver, or something like that.”
I have read where Moody’s etc are afraid to drop the US AAA bond rating - heck Obama might even Socialize them. At any rate, I agree strongly with that point. But it must be noted that the investment services will not cause the increased Interest Rates or the drop from AAA. The change will be from the market place as the “people” are not as dumb as Obama, except those that voted for him and wonder where this is going.