What is the bottom for the gold price? Popular belief was USD 1350 was the bottom and never to be seen again price for Gold.
But that was based on a liquidity assumption. We are going to find out soon if the assumption still holds.
Yesterday Gold fell to USD 1500 per Troy ounce. Outstanding value if you can afford it. No wonder they say the rich keep getting richer. The rest of us may need to liquidate to survive.
Side note:USD 1200 is the benchmark many senior miners use to value their reserves conservatively