SPDR Gold Trust (ETF) (GLD), Barrick Gold Corporation (USA) (ABX): Gold Fell to $1,400? Welcome to the New Gold Rush!

Newmont Mining Newmont Mining (NYSE:NEM) had its Peruvian Conga project placed on the “back burner” by officials after it clashed with locals.

Physical versus paper
Perhaps the global banksters are coordinating an attack on precious metals to protect their position, as the conspiracy theorists suggest, but if so, it seems their plan is backfiring, as they’ve instead created a tsunami of demand for physical gold and silver. Maybe governments are trying to sever the relationship precious metals have as safe-haven assets, but individuals still realize gold and silver has a store of value that can’t be broken. So rather than placing a call to your stock broker to purchase certificates in exchange-traded funds, you just might want to visit your local precious-metals dealer and buy bullion instead.

The article Gold Fell to $1,400? Welcome to the New Gold Rush! originally appeared on Fool.com.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool recommends Goldman Sachs and owns shares of Bank of America and JPMorgan Chase.

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