I have read though, in Rickards The Death of Money, that the gameplan of the big power blocs seems to be to drive down the price of PM's. One benefit of this is that the China's & Russia's can cheaply increase their gold holdings. Once it gets to 2.7 - 3 % of GDP, then, barring any kind of market crisis, the stage is set for the IMF to introduce SDR's which will include gold in the basket of currencies it is based on. This would significantly increase the fiat price of gold. Implicit to this is that the USD will cede its status as reserve currency.
In this case it might be gold up, bitcoin up?
sorry for barging in but I just wanted to address this part.
I agree that it appears that china, russia, many countries are buying - or foolishly trying and waiting to repatriate - gold.
but I don't think gold will save them. we don't need gold, and we don't need them.
what we need is an open and honest currency.
https://www.youtube.com/watch?v=KR3MgIPxb38 *edit, how do you rate Death of Money on a scale of 1 to 5? is it a good book? I like to read people that can write really well, and engage your imagination, so is it worth reading?
I think DoM is good reading along with Currency Wars. I dont' 'belong' to any particular school but i enjoy the different theories. And, importantly, Rickards has been pretty spot on over the last few years, especially with regards to the longevity of the Euro.