Capital is the main force behind every price movement. Sometimes government maybe used as a tool. There are under-the-table deals between goverments. However,阴谋论 is totally BS. It is fact that GOLD is acknowledged as "Money" by IMF or any goverments including US. As you suggested, US could to push gold price to say $1200 or lower (Acturally they do for the sake of US treasuries), the rest of "govenments" and investors including myself will buy more, a lot more. But the question is, How? Congress? President? or maybe the Fed?
Look, there is a 30% chance that Gold could break $1650 support. After that, who know where is the bottom. Maybe I will have to sell some of my gold at that point. However, 70% chance is that Gold would hold the $1650 support because there are just so many buyers like myself waiting for a reentry of gold. To me, the current "money value" of gold (proportional to M2) is $1750. Sooner or later, it will get there.
2600-2700 tons of gold produced in each of the last couple of years, not much increace compared to 2001. China produced less than 300 tons of gold a year, where less than half went into the market. China imported nearly 700 tons of gold in 2012. Gold goes to $1200? Guess how much China will import then.
