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Message:: [QUOTE="Danjohnson, post: 2530236, member: 80228"]Good luck plugging the "leak"(s) in your economic theory unless you are declaring current economic conditions a victory? Otherwise, we're dealing with global "MACROeconomic"(s) which drags us directly into the "Triffin dilemma". And oh by the way, have you seen the news on who's purchasing the "barbarous relic" lately? Weird... "So it is significant that central banks are turning back to annual gold purchases in line with a century of practice between 1870 and 1970. This appears to be restoring gold as a central element of monetary management after four decades of attempted demonetization, according to reserve statistics compiled by the Official Monetary and Financial Institutions Forum, the financial research group. Annual net gold purchases of 350 tons a year by world central banks over the past eight years have returned to the 100-year average up to 1970 — reflecting gold’s renewed attractiveness as a safe-haven asset in an environment of uncertainty and low or negative interest rates." <a href="http://www.marketwatch.com/story/central-banks-have-been-buying-gold-with-a-vengeance-2016-09-19" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.marketwatch.com/story/central-banks-have-been-buying-gold-with-a-vengeance-2016-09-19" rel="nofollow">http://www.marketwatch.com/story/central-banks-have-been-buying-gold-with-a-vengeance-2016-09-19</a>[/QUOTE]