CINDERELLA & THE 3 UGLY SISTERS

CINDERELLA & THE 3 UGLY SISTERSThe fairy story is that of a beautiful young woman, living with 3 ugly sisters and a cruel step mother, in unfortunate circumstances whose life suddenly changed to remarkable fortune. The word "Cinderella" has, by analogy, come to mean one whose attributes were unrecognised, or one who unexpectedly achieves much deserved recognition or success after a period of obscurity and neglect. In watching the hammering that Gold has been receiving over the last weeks this story came immediately to mind.Consider for a moment how the wicked stepmother Bernanke and his surrogates have tried to help the 3 ugly sisters:Real Estate: Despite doing  everything possible to reflate real estate, property prices still languish and apart from homes for the super rich there is zero recovery.Equities:This has been reflated to new and increasingly unsustainable highs, with many observers seeing stagnant economies, lower employment, declining consumer disposable incomes,  and rising p/e ratios preceding a sharp correction in the very near future.Bonds:The ZIRP policy and endless QE has driven bond prices to all time highs, and when interest rates finally rise there will be an implosion in the bond market and massive capital losses.GOLD:In order to disguise the looming crisis in the other asset classes, Gold, the Cinderella of the story, has been used, abused, manipulated and driven down by the immensely powerful forces of the Government, Central Banks and Bullion Banks, in a totally fraudulent and overtly unregulated market place.ONLY ONE QUESTION REMAINS:Would you prefer to invest in an asset whose price, despite all efforts,  cannot be driven below USD 1500 per ounce, or in a group of assets whose current price levels are only sustained by money printing, levitation and media propaganda?