THe Cyprus gold is more like the reason although this is also in the news http://www.goldalert.com/2013/04/gold-price-sinks-1-on-hawkish-fed-minutes/ as gold dives today
Im surprised to see it this low, I think it was Jim Rogers who stated it costs $1500 to mine it and have it market ready....so Id say no less than what it is now (1550 ish).Although to freak me the F@ck out...below $1000 would do that...
Yep, looks like cash in..converts to metals, which then converts to spending power via a card..
http://www.dgcmagazine.com/peter-schiffs-euro-pac-bank-introduces-a-silver-backed-debit-card/
So if you open an account and load it with fiat...Thus you've bought gold/silver. Does the account worth then increase or decrease with the daily spot rates?