Obviously, Skol has a position: gold is bad, no matter what. USD is good, no matter what.
I have a position too: gold is good, but POG will not perform. USD is bad, but it still rules the world finance, for now. So, my gold shares, just buy low sell high.
For POG to be priced higher, the USD rule has to be broken. It will break, but not by RMB or Euro or gold or Russia. The USD will be broken by itself.
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- "The GLD Gold Vault is Being Drained"
"The GLD Gold Vault is Being Drained", page-47
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