The timing of such an event lies in the hands of both politicians and bankers. Gold will return to its true position when a situation develops that forces their hand to act. That will be when credibility of one currency or another is on the brink of collapse [“in extremis”]. Such a change will also be made to prevent ‘contagion’ to other currencies. We have no doubt that contingency plans for this have already been made. In 2012 or 2013, sometime appears most likely as we are close now to a potentially messy exit from the Eurozone by Greece. Continue reading