As economic conditions worsen, and countries need cash for debt repayment ,I can see massive dumping of physical gold and this could cause a huge drop in price of the metal imo ! Lets face it ,gold is only a near useless yellow metal , so why wouldent they convert it to cash ! I know I would if I held 20000 tons etc!! and needed to stay solvent!
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- Gold could fall to 500Dollars?
As economic conditions worsen, and countries need cash for debt...
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Iggy Tan, Executive Chairman
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