We know that the Chinese and Indian's are vacuuming up all the gold they can find, not to mention the advent of BRICS....but the price is currently $1992.80/oz (with a 52 week range of $1,631.10-$2,085.40). So why isn't gold well over $3,000 or $4,000/oz?
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Held down by paper gold. When fiat gold and market manipulation is eliminated gold will find is true level. Don't sell your gold bullion.