yep, and there are people still rushing forward with cash to buy a limited resource, so the owners of the gold are rubbing their hands with glee (not the tv show!) and basically treating it a bit like an auction and setting higher and higher prices and people are still buying ... the dollar isn't about to collapse (I think!) so it's best to wait until the gold price drops again as it will almost certainly do in the next year ... but how far, no idea, but I'd guess it's not going down to $300/ounce ever again (unless someone dumps hundreds of tons of gold on the market as Gordon Brown did ...)
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