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Gold spikes to $3400 per ounce briefly

Aug 31, 2010

It looks like a single buyer of gold made a single purchase, paying $3400/ounce today.

Then the price dropped back down to the normal range in order to keep the price artificially low. The price of "paper gold" is low, but if anyone wants any significant quantities of the real stuff, they have to pay a much higher price.

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Dr. Stephen Jones

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