Thanks for the reply. Interesting, I thought (speaking roughly here) entities put money in gold during high volatility - times where its hard to find stable bonds and currency. Thinking about it, perhaps that last condition is rarely the case.
So why the "flight to gold" that is spoken of in the media?
Same reason puppies and natural disasters are in the news.
It sells papers and ads - it's link baiting in real life.
You need to look at the incentives of parties before you take their word. My incentive is obviously for people to buy dollars and treasuries, but guess what, everyone does that every day of the week (business/buying/stocks/retirement accounts). So I don't really care what gold huggers think.
But gold huggers work on a small market, and it is their incentive for others to buy into this farce. Take from that what you will (reminds me of pump and dump and the tulip mania).
Don't believe what I say, go figure stuff out for yourself. Everyone is biased.
Don't buy t-bonds, don't buy gold. Look at incentives. Look for production of useful goods. Make your own decisions.
So why the "flight to gold" that is spoken of in the media?