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Conspiracy theory: Bullion bars vanish in Dubai as gold price slips
Sunday, April 21, 2013 22:35
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Gold is sick, financially speaking.
After scaling an all-time high of $1,924 per ounce in September 2011, the yellow metal fell down to $1,335 last week – a decline of 30 per cent from its peak.
In fact, the past week was the worst for bullion in over three decades, with gold price shedding more than 10 per cent in a single day, and more than $200/oz in a two-day period.
Various theories abound on what went wrong with gold, including conspiracy theories.
