Hello, Did you watch the news? If you're investors, then you must watch constantly... Massive sale of 7,500 futures contracts (each worth 100 ounces) were sold today. That brought gold's price down roughly 40 $ from what I can see at first glimpse: http://www.kitco.com/reports/KitcoNews20121128JW_pm.html Paper certificates, contracts, ETFs etc... might not have gold behind them, they're "just paper" (I remember Peter Schiff's position on these), but these can bring down the prices... too bad for those who own physical gold. A few more sales and we're below 1,700 $/oz.
