Hello rohitthomas, you have put in a lot of reading there. I for one disagree with your sources in that hyperinflation is not the expectation of gold bulls and nor is QE.
The latter has been perpetrated by the media and is pure rot. Hyperinflation cannot be expected during the de-leveraging phase which is causing all the danger. This is because capital destruction is only being ofset by QE which by the way is still in full flight via near zero interest rates.
The comment on Europe - classic! Of course gold struggled this year to date and this is because of the de-leveraging - gold is liquid and in profit so investors use it to square up. But Europe far from resolved even if we currently see a lull in news flow.
Demand has dropped off - well why hasn't the price collapsed instead of the plateau we now see? CB buying and other buying is offsetting any selling on capital needs basis. Don't write gold off yet it is barely above the real cost of production and nowhere near bubble status as yet IMO. Fear is the next key driver IMO this is just a lull - things are not as they seem.
