People like to focus on turmoil round the world, but I contend that kicking the rock down the road politics, freely printing of currency, and SCARCITY of the actual physical assets, probably with lotsa' IOU's, when the music finally stops, imo, is what's likely to run the pog up, significantly. But we shall see... Anything under $3.75 here imo, is a buy, Buy, BUY!!!
if you are waiting on political unrest to push gold prices up it will be very short lived. Geopolitical tensions are always there and betting on gold due that is folly. It is the financial issues that drive gold prices.
It seems to me, Sakhaneft, that you rush to conclusion. This phase of the crisis is over but the whole process still continues and will accelerate likely. The next crisis comes when Russia actually annexes Crimea; can come in couple weeks or even earlier. One may expect gold to be pushed up again by this event.
Also, it would be naïve to expect Putin to stop on Crimea. This guy won’t stop until either he conquers the world or the world wakes up and hit him back. Either way, gold price is definitely affected by geopolitical events. It is not transparently simple link, but still it is not too complicated either.