India, Oct. 14 -- As gold prices gallop northwards, and the rise seems unstoppable, several theories, including the conspiratorial ones, have begun to hog the headlines in the mainstream media, and content on social media. Yesterday, in this column, we referred to the theory that BRICS was behind the unusual demand for gold among the central banks, institutions, and retail investors. Today, we will flesh out a more sinister theory. One of the superpowers is covertly driving gold prices up to resolve and sort out its trickiest and most dangerous economic issue. Of course, the country is NOT China, but America. The main challenge the latter faces is not related to trade or tariff, inflation or growth, or jobs or salaries. It is about debt. ...
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