gold set to soar on cyprus bank run imo, page-260

"But the world has moved on since then and the risks are no where near as great."

Based on your opinion.

This is not fact.

Timber, you are not privy to the internal functioning of global banks.

No one on hot copper is important or connected enough to know that.

If things are better now, why dont interest rates rise and fall freely?

A healthy economy is not burdened with so much debt that higher interest rates de stabilise the whole financial system.

The market does not lie.

Gold is rising.

There would be no demand for gold if there were less risks now, so obviously market participants dont believe it.

Gold was $1000 pre GFC, now it is $1600.

If the market believed you, gold would be around $500 and would stay there for many, many years as it did after 1980, as the financial system would have cleared out the bad debt and rewarded depositors with high interest rates.