Gold doesn't usually fall lower than what it costs to dig an ounce out of the ground. Over the last few years, it didn't go much below $1050 because it takes $1100-1200 to pull an ounce out. And some of us have painstakingly and slowly managed to buy some gold as our long term hedge for our survival in retirement. Gleefully taking out the big players to lower their holdings also affects little people like me just trying to supplement a govt pension in a few years.
Gold doesn't usually fall lower than what it costs to dig an ounce out of the ground. Over the last few years, it didn't go much below $1050 because it takes $1100-1200 to pull an ounce out. And some of us have painstakingly and slowly managed to buy some gold as our long term hedge for our survival in retirement. Gleefully taking out the big players to lower their holdings also affects little people like me just trying to supplement a govt pension in a few years.