Where is the gold price headed?, page-7

parrot, Ive got a sulphur crested which is more credible than you.
So here goes.
China introduces its yuan gold fix in April. London and The Comex become redundant. The physical gold market takes control of the price, and it steadily rises. Stability in a steadily rising GP renews confidence in gold as an investment against a backdrop of a steadily worsening world economic and geopolitical situation. Most of the world gold trading gravitates to Shanghai. London, Zurich and New York become irrelevant in the Gold trade. Frankfurt, Hong Kong and Singapore, among a few others, still keep a finger in the pie.
The world learns the sad story of the disappeared US gold and the gold it was supposed to be holding for hapless European states.
China backs the Yuan with its gold. Gold increases in value substantially as a result. The recently won place in the IMF basket becomes irrelevant to China.
The western world languishes in recession/ depression phases, unable to deleverage huge unpayable government and private debt burdens. There is serious unrest and western governments tighten restrictions on cash and civil liberties.
Not a pretty picture, is it?
23.