Gold — headed for the basement?

Gold — destined for the basement or not?

Gold has taken a fresh set of pounding, especially as its fundamental value should take new meaning (and that too, upwards!) as every central bank is intent on QE-type policies and diminishing the value of paper money. Rumor has it that commercial banks have put on a “sell gold, buy bonds/stocks” and this pressures weaker hands to fall in line. What do you think?

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