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Are you sure ? It used to be $48k for a 1 kg biscuit.
Now selling $49k, but I have no more cash to hedge, because I am looking at property again.
Central bankers in US & Europe are trying to destroy gold as an investable grade asset, there are talk of degrading gold as a inflation buster because it derails deleveraging effort.
http://www.perthmintbullion.com/au/Buy-Gold-Bars/1kg-Cast.aspx?productId=23