Manipulation? First what is the historical cost by year/decade to produce an additional ounce of gold? It could be that persons value gold for much more than it costs to extract from the ground. So low GDP times gold would still be produced for new buyers. In a speculative environment, obviously gold miners will dig for more of it to get more profit while the market is hot. I don’t think the gold market can be compared to the oil market besides the normal broker shennnaigans. If this logic holds, one could see gold price crash as economic activity crashes. But an ounce of gold would still buy that fine silk Italian suit after the crash. Comments?