imo, whether gold is manipulated or not is irrelevant over a long time scale (decades) which is what that scholarly article covers. If it was just a one-off look at a single event, we could maybe argue manipulation, but the article clearly shows that over a long timeframe, gold actually does what gold wants. Sometimes correlated for a while to assets like bonds, IR, equities, oil - and sometimes not.
I firmly believe the whole safehaven argument is a furfee, orchestrated by the media talking heads to explain something that is beyond a simple explanation because it is far too complex, with too many moving parts.
In summary, we all know that when the proverbial hits the fan, the big money crowds USD and Yen. In time it might also be the Renminbi.
MRF Price at posting:
6.8¢ Sentiment: None Disclosure: Not Held