Loading ...I heard there were a lot of oil related Bonds floated that might have problems too. The speed of the drop makes the size of the drop even worse. Imo the alternating adjustable value of the global Unit Of Account is causing all the problems.
The invisible hand of capitalism was chopped off long ago, so we have bone heads manually adjusting things they have no business adjusting. They are just causing themselves more problems.
Even if a massive DEFLATION unfolds it would still be good for GOLD, implying the management of the system is failing.