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Considering most people are holding pieces of paper that says they have gold and the people who sold it to them are selling it on a fractional reserve basis I would say as long as the comex and such can't keep up with deliveries for demand for the physical then you won't be seeing any major decline. And yes it will most likely double before we know it.
You might be right short term but no way in hell will it be down this time next year.
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