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Thursday, 8 December 2011

How the gold price is fixed

The price of gold is being influenced by: declining confidence in the Euro, the global reserve currency and other western fiat currencies;  gold's traditional role as reliable money;  and growing Chinese popular wealth.  I found this article "How gold is ‘fixed' and what drives the real price" interesting.  Disclaimer:  I am not in a position to verify the accuracy of any of the assertions made in the article.  I acknowledge Mineweb for this article.

For an overview of the fundamentals of the gold price, viewed as a currency, see this recording.

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