It is not a “free market” when banks can borrow from the Fed at 2%, and further be assured by the treasury that if their “bet” looses, the taxpayer will wind up holding the bag. Clearly, the treasury has an interest in demonizing gold and cheering on paper money, no matter what the ultimate consequences will be to the people. Do you know what happened to your dollar over the last 10, 20, 30, 40, 50 years? It is a shadow of its former self. Guess what it will be 10 years hence...
The price of oil seems to be a gold hedge. Lets watch these as two hurricanes bear down.