Adam Baratta wrote in “Gold is a Better Way” that after seeing assumptions of what drives the gold price had to be discarded more than once, they have figured out that it wasn’t the total debt that mattered to the price of gold, it was actually the costs to service debt that mattered most. Is that analysis correct? Will following their recommendations be of benefit?

This, in fact, is a key insightful observation and recognition of the economic forces underlying the gold price in the context of the workings of the financial system and the overall global economy. What makes this so difficult is that like every other field of human endeavor, economics is heavily corrupted and manipulated in the teaching of underlying principles, the recognition of trends, and the connecting links determining economic mechanisms and outcomes. And this is deliberate in order to confound a true understanding and to create false assumptions that will be carried over into the actions of many, and especially those determining economic policy and helping to guide the economy and the financial advisors and the various experts responsible for interpreting economic trends and making various predictions about asset classes and their potential for appreciation in value that is the underpinning of the investment community. This is also critical and intimately involved with the banking system, especially the central banks and their doings, including the Fed. Everything is constrained and manipulated in ways to create problems whenever possible, knowing they will usually get away with it and that even if it is discovered, that monetary policy has been wrongheaded and needs to change, it will be written off as something that could not be predicted. And people will be manipulated with mind control to be quite complacent so there will be little recrimination or meaningful learning when people are not motivated to second-guess even, let alone, seek major reform to change economic policy and get things on a more solid footing with a deeper understanding of the true governing factors leading to economic stability or disarray. So the deep truths here that have been uncovered will hold true a majority of the time. There will be smokescreens and, as you know, there is interference with the markets as well, to manipulate things in a way to favor the wealthy elites. And they use such tactics again and again to drive up the markets to have their own personal investments appreciate greatly, and then will arrange a time to begin selling in high volume and drive the markets down, but as they are the first to exit, all they need do is wait until there is a bottoming process underway and then buy back in and ride the market back up to a new high. When this is done over and over and over again, with quite high accuracy in predicting the trends because they are deliberately arranged, but made to appear like random events, the so-called black swan phenomenon that can't truly be predicted but is a devastating obstacle to continued growth and appreciation, they will have the upper hand and they will be the big winners, and it is the average person who gets crushed from the volatility. So this is as reliable as any indicator of when that sector is of value and when it is likely to decline more than appreciate in valuation.