Posts like your are a dime-a-dozen, the same old, same old, a post to bolster the flagging confidence of goldbugs.
'Gold is rare' LOL, there's about 165000 tonnes of it on earth and it's being added to at the rate of about 2600 tonnes per year.
'The price moves with the sovereign debt growth'.
Another fallacy, the USA had more debt/GDP in the early 20th century, but the price remained stable at around $19 oz.
The price is moving up for a variety of reasons but the main one is hoarding by people who are easily influenced and amenable to advertising that promises monetary chaos and personal wealth, a kind of mania in other words.
History is full of booms and busts and this will just be another one that will occupy a chapter in a book like "Manias, Panics and Crashes" a history of financial crises.
Even if I was to offer conclusive proof that a gold bust was just around the corner, like your religion, you'd never believe me. It'd be easier to open an oyster with a wet bus ticket then convince goldbugs the current boom in gold is mostly hot air.
It reminds me constantly of the 1987 sharemarket crash. I was in it for a while until it became patently obvious that a disaster of worldwide proportions could unfold and I cashed out, but you could never convince those that were smitten by the bug, it would go on and on and they were all going to be multi-millionaires.
A lawyer at a firm I used at the time lost everything and shot himself in the back yard with his shotgun.
