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Why The Gold Crash Is A Mirage

Gold has plunged to a five-year low. Is the gold story then over, for now? As with everything else in this market, nothing is as it seems. Whether it is vegetables, iron ore or smart phones, we know prices fall when there is either too much supply or not enough demand. Gold supply has clearly not shot through the roof. And demand for physical gold in India and China, the biggest markets, is nowhere near satiated. What has changed?