Lots of thought-provoking points in this essay, too many to list. Here's one extract, however.

"...an important policy maker at the European Central Bank has just suggested that the ECB could begin a gold buying program."

Might this be a response to the Swiss vote coming up at the end of the month, and might this only come about should the initiative pass? I don't know for now.

http://www.321gold.com/editorials/thomson_s/thomson_s_111814.html

...charts are compelling.

VP