One factor may be some lawmakers in the US pushing for an audit of reserves. They claim reserves are not as high as reported. On the contrary, I think the US has more gold than it reports and this is the reason they do not like audits.
I am confused. Why would they not want people to know their reserves if they are high? surely that would be beneficial.
In the early days of the 21st century, people routinely took a part of every paycheck and bought stock mutual funds. Just about every other ad on TV was for a mutual fund. Now it's getting that way with gold. They buy and they never sell. But the big money is probably a hedge against the dollar. Especially now when no currency looks strong. As for me and gold? I've been scared ever since the crash from $350. That was back in the 1980's or 1880's, I forget. Like they say, "Once a cat sits on a hot stove it will never sit on one again. And it won't ever sit on a cold stove either."
If you are that young to remember 1880's I think you are a big winner, and we wish you another century of good life!