[T Ruth]

The point of the Hunt reference is that it takes only one market participant to drive up the market price. So the implicit question for today's situation is: is it only a few market participants who are driving the price rise? My hypothesis is that those who have stolen billions of dollars from the U.S. government are willing to trade any amount of their stolen money for gold.

If this is the case, then if the supply of looted money is cut off, the price-inelastic demand will abate. Maybe that's right; maybe not. Freeper comments -- crowd wisdom -- may throw light on the matter.

I did not suggest that taxes cause the rise in metal prices.

[econjack]

I did not suggest that taxes cause the rise in metal prices.

Really, then what does this mean:

IF the massive thefts of taxpayer monies can be stopped soon, then the price of gold will decline precipitously within two years.

Seems to me that's exactly what you're saying.