Recent price drops to the value of gold have resulted in a surge of buying worldwide for precious metals. These drops were record drops not seen since the early 1980's. Many experts believe that the recent price drop was a result of speculative gold traders operating in future markets, which was in sharp contrast to long term gold investors who are now buying the metal at record pace.
Therefore, a significant amount of buyers are viewing this as an opportunity to buy gold at prices not seen in recent years. In many countries, buyers are now willing to buy $26 per troy ounce over London Fix spot price. This bullish attitude has led to shortages of both gold bars and coins in Dubai, among many other international markets.
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