
“About a year ago, we began to advise readers that we are in for the economic roller coaster ride of the century and that gold will be on that roller coaster. Those who are on the ride will need to keep their nerve – to remember that, as wild as the fluctuations may become, gold is not in the same category as stocks and bonds. It retains value when other more conventional forms of wealth disappear. Its true value to the investor is as an insurance policy – to make sure that if economies collapse, it might still be possible to buy some freedom and put food on the table – to ride out the economic storm.”
http://www.internationalman.com/78-global-perspectives/969-the-gold-roller-coaster
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Does Gold’s Price Matter to the Central Banks? No.