Clive Maund sums it up well, as the case for gold mounts
"Fundamentally, gold has everything going for it here. Central banks are buying it hand-over-fist, major powers that have been bullied and threatened by the U.S., like China and Russia, are buying it hand-over-fist, in readiness for burying the dollar. The Fed and other central banks have painted themselves into a corner, where the only thing they can think of doing is printing money like crazy to try to stop the system from imploding. The world faces the grim prospect of massive unprecedented quantitative easing (state counterfeiting), negative interest rates, and the outright plunder of bank accounts, called bail-ins (theft), and they may even resort to thieving from retirement funds. Perhaps we can preempt them a bit here by thinking up a euphemism for it. What about PERG (Pensioners Expedite Rescue of Government)? It is a perfect storm that could cause gold to skyrocket."
