At least gold will take a while to climb back from it's bashing...
And that's the real problem...isnt' it. Gold is thinly traded and an easy target for central bank bashing.
But oil is the ultimate industrial commodity...and the central banks and their shills in the marketplace dare not try to "manage" that market!
Unfortunately gold and oil are both commodities and are joined, if not at the hip...at least somewhere in the commodities markets.
There is a lot of talk of gold as "alternative money" and that is true...so the central banks "buy time" with gold bashing.
But the underlying problems are never solved strictly through gold price manipulation. This notion smacks of the old "gold-price theory" of the 1930's. Namely manage gold and you manage everything...
Today if you "manage gold" you only distort the markets for a day or two!
For an interesting take on DOOM etc...TRY THIS.
