Gold no longer a safe haven asset

REALLY??? i did not get the memo, mssr els. Is there a chance that it still could be and your headline is wrong? what are the probabilities

Boels of ABN Amro makes the error of judging the happenings around the price of gold to be under normal demand and price rules. Peter Schiff from Schiffgold however, sees in the odd price drops created with “papergold” from people and organizations, a manipulation of trying to get the gold-price down. Not a plunge protection team as in the stock-markets but a “gold hike”protection team to protect the image of the dollar. With so much money printing , the USA nears Mexican circumstances and money printing habits there are other considerations than market equilibrium. These are political and strategical. So , when there is an US Pe$o in stead of some harder currency, why would the general population favor inflated worthless money over traditional unprintable physical gold? They will not, the shells will fall from their eyes when even the intensive state driven pro dollar $ propaganda, that we seen now, fails . In some time more people will recognize the irreversible inflation of money on the FED balance that can not be recalled, as the loans to the government are “unperforming” . These can only be monetized with permanent higher levels of dollars in circulation. That drives the worth of personal savings to zero. If you can’t save in money , you will try it in gold and silver, as a citizen. Even small capital holders will choose some gold for his daily working capital. There is just one risk that hangs over the gold markets: gold confiscation at the end of the dollar plunge, by the state. A kind of Rooseveld gold “theft” , like in the 1930-thies, when ownership of physical gold by Americans became forbidden and had to be declared to the authorities. You just got some paper “gold rights” after that. In fact that acted as a kind of tax (75%) on your gold possessions until the time that you could your gold back as security investment.
But you could avoid, that by keeping your gold secret, or have it stored in safe countries OUTSIDE the banking sector. Doug Casey explained that in “international man”, a free newsletter .

There have been numerous major events over the past 2 years that should have driven gold up a lot higher, but didn’t.

20 years ago, any one of those events would have driven gold higher, but not any more.

I will continue to own gold and silver bars as insurance and hope I’ll never need to sell them. But I will never buy gold or gold miners as investments again.

The point of the article may be valid. With the central banks in major economies pumping money in their trillions, the appetite for risk is greater as the punishment is diminishing (or like China’s reaction to declining stocks indicates, even disappearing) and therefore the escape to gold is declining. This also would explain this clear decouple of stocks from real economy and becoming more a game than based on fundamentals. It may also indicate that the rising of interests would start bringing all again into check and more demand for protection aginst risk should resurface. This should benefit gold.