Geodan

Ten Reasons Why Gold Isn't Above $1,000

These points suggest why paper gold is not at $1000, but they do not adequately answer the question you posed in your October 9th article, "'Unprecidented Demand' for Gold Eagle Coins," which is "With unfulfilled physical demand, why has the market price of gold remained stagnant?"

We are looking at a recent precipitous fall to $732 for paper gold. I understand the free market value for gold bullion remains much higher, though still under $1000/oz., if you can find any.

Rumor suggests this dichotomy will persist until the presumed fraud of insufficient gold backing for paper gold is exposed, setting off a panic to redeem the paper. Unfortunately for many, it is said, redemption may well be in dollars, and not gold. That expose' event could drive the price of gold to $1200, and could happen very soon.