not sure if pog has anything to do with interest rates or any other financial moves. Seems like the world is starting to believe the global financial system is fundamentally flawed, and all global currencies are now pretty much just paper backed by nothing. Used to be currencies were backed by gold reserves but USA cut that link by just turning on the presses. The only way gold will fall i would think is if there is a fundimental shift in the way currencies are valued. There is still no sign of that happening anytime soon. The only other worry is that at some point someone realizes gold is just a pretty, soft metal, and you cant feed yourself with it, unless you sell it of course.
china's gold tsunami, page-5
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