by Adrian Ash, Gold Seek:
Spying direction is hard enough in precious metals right now without confusing form and location…
SO WHAT’S your gold or silver really worth today? Like everything else, it’s worth the most that somebody else will pay you for it, right here and now. That’s the simple truth, as last month’s crash proved all too plainly.
There were no gold buyers in size on Friday 12th and Monday 15th April, not between $1550 and $1325 per ounce. But gold has found plenty of buyers since then, after finding a floor more than 30% below its peak of September 2011.
The surge in demand for gold and silver provoked by mid-April’s crash – the sharpest drop in 30 years – is phenomenal. Internet traffic to Bullion Vault.com has doubled from recent levels, and new account openings rose more than 40% from the previous 3-month average to reach the strongest level since January 2012.
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