Many thanks for a series of very informative posts. I have one more question though: what will the effect of "bringing it all down" have on the price of gold?! In your first post in this series you said "many commentators are predicting that some sort of liquidation event may be coming in financial markets that may precipitate a run on the gold price". If one looks back to the Lehman bankruptcy of September 15th 2008, it only had a very temporary effect on the price of gold, which bottomed in November 2008 and then continued to grow, peaking at $1900 in August 2011, before declining until its recent low bottom in November 2015. The S&P 500 bottomed in January 30th 2009 (wouldn't I have loved to call that one!); so for the next 2 and a half years both gold and shares were in a growth phase.
I know it's all speculation, but wouldn't you think that another financial catastrophe would be more likely to be positive for the gold price than negative?
