No other explanation for reasons to sell this.
Where? When? Gold bugs keep hyping and the price keeps dropping. Maybe if the gold bugs opened their wallets and bought instead of flapping their lips? Eventually, the Fed's policy of printing more and more money will weigh down the economy so much that hard assets will make new and stronger highs. Real hard assets may end up being ammunition!
Once the harsh reality of an increased debt service on 2.1 trillion more debt and reduced credit rating for the U.S. sets in, interest rates will go up and the dollar will sink even further. Based on the 1913 dollar value of one dollar, today's dollar is worth 2 cents. We can't sink much further without the dollar becoming totally worthless. You can't eat gold, but you can't live on 2 cents on the dollar either. I'll take my chances with gold. I don't own a wheelbarrow to haul around dollars like the Germans had to do in the 20's with the mark.
Exactly how many times are the American people going to have to rescue ill managed banks? It's really bad when ill managed government runs to the rescue of drowning banks. I guess there is truth in the old saying, "going down with the ship",after all.