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What if gold were to drop to $1,000?

Am I serious? Do I believe it?

I bring up the possibility of the drop in gold’s price because I happened to see a story a week or so ago about a famous commodity investor who thinks gold would be a good value if it could be purchased for less than $1,000 an ounce.

How can I argue with that?

With all of the forecasts of gold going to $2,000 or $5,000 circulating online, a story that turns the tables to say it is a good value if it falls just might arouse the curiosity of a lot of people

If it does, the approach can be put down to good marketing.

In April 2013 when gold dropped by $200 in just a few days, the rush to buy was incredible and it manifested itself in buyers all around the world.

What would a drop of roughly $300 in gold’s price do today?

We can’t know unless it happens, and I think we are not likely to be presented with the circumstances that would allow us to find out.

Buzz blogger Dave Harper is winner of the 2013 Numismatic Literary Guild Award for Best Blog and is editor of the weekly newspaper “Numismatic News.”

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