Why should gold be much higher? I suspect you are claiming that the expanded production of the dollar should make the dollar worth less and should take more of them to buy an ounce of gold. In theory that might be right but in reality it isn't.
Gold is a commodity and not in short supply. Just like our corn and soybeans supplies seem to be ample.
While a cash infusion would normally cause inflation it's not because consumers don't have the dollars. Thus those dollars aren't increasing demand for consumer goods but increasing demand for capital investment.
You can compare it to a sickly man in the hospital and they are pushing narcotics to ease his pain. He doesn't become addicted because his pain requires it to produce relief. However, if he continues to use it for recreational purposes he will become addicted.
I don't see ahuge inflationary problem with the monetary printing presses. At least not until the consumer has money in his pocket.
BTW what type manipulation do you think has caused the gold to drop several hundred points. Price has killed demand on a plentiful commodity. What good is it with inflated values. Similar to your $15K acre that won't produce ample return for the cost of the investment. I'm sorry if you one of those gold specs that bought gold toward the high. Gold doesn't do anything and it doesn't provide profits without an inflating value. It's just shiney metal that sits there doing nothing. The only thing that makes it valuable is that someone else wants it. And if there aint any money to be made they don't want it.
