In defence of SI, Gold has dropped to such an extent beacuse the criminal globalist banks that run this planet have decided it should, namely because they want to buy it on the cheap! Why else is Goldman Sachs currently buying the stuff, why can't the Asians get enough of the stuff? They know it will go much much higher before long that's why.
For a long time now the US Federal Reserve has used bullion banks such as jpmorgan and HSBC to hammer the price of Gold, they do this in many ways not least in issuing paper Gold contracts, the physical metal equivalent of which they are not in possession. They massively short sell Gold and silver and I wouldn't be surprised if this doesn't extend to other commodities. This is not some sort of conspiracy theory, there are many serious people and institutions that admit this, look up GATA for a start. They often hammer Gold just prior to a round of QE or more importantly before they plan to buy a hoard of the stuff.
The global criminal banks have produced upwards of 1 QUADRILLION dollars in derivative contracts, these include interest rate swaps, CDS etc, they have no real assets to back these up other than worthless paper crap which they mark to fiction on their books; they can claim the value of which whatever they dream up on any given day. Effectively they are still insolvent!
This has given rise to the confiscation of real assets, look no further than Cyprus, this will come to a country near you before long. This has also led to the stealing of Gold from Libya, 144 tonnes of the stuff and the reluctance of the US Fed to give Germany back it's Gold, no prizes for guessing why. In essence Gold is the only real asset left, the central banks know this, the bullion banks know this; hence this latest smack down before they procure the stuff more cheaply.
The global economy is still deep in the poo, despite what the pundits on the idiot box may say. The central banks will persist with this ponzi scheme until the death, they are psycopaths and in the end we WILL have hyper-inflation. Look around you now, look at the prices now at Carrefour/Lulu centre. In the end the price manipulation by jpmorgan and company will not be enough, the demand will be exponantional. Buy the stuff now would be my recommendation and probably that of Sittingidly.
If you get 10 minutes on your 24 hour layover in whichever place you find yourselves, read/watch these below.
Keiser Report: Bitcoin Bubble Buzz (E431) - YouTube
Mike Maloney: Today's Low Gold & Silver Prices Are Not Realistic | Zero Hedge