Golden Eyes or Psychotic Sociopath?
Here's another way to look at this. Without gold, the global economy would pretty much continue as is - and its value completely unaffected by the non-existence of gold. However, without the global economy - gold's value is localized and dependent upon local relevance. Still, we may fill this void with another object that would satisfy our species apparently deep-rooted psychotic flaw and need. How's about big fumy-looking statues?
This is because the irrational emotional basis of the demand side is infinite, while its concrete supply-side is over saturated with a physical inventory that could satisfy production needs for hundreds of years. So pricing extremes are possible, caused by emotions that are not aligned with any deterministic physical considerations. Making its value a highly speculative outcome, without supporting fact-based investment criteria for ANY price, always! (NOTE; not even the marginal cost of production sets a pricing floor because of the large inventory overhang already stored above ground)
As for Dr Doom and the gang, hopefully, they will be just as forthcoming and transparent about their asset sales, as they have supposedly been about their current ownership positions.
It is also said that an ancient Apache warrior once warned that the white eye would waste all the land and water. How right he may be!
First Financial Insights