Well according to the media gold has gone down because of the latest laughable jobs report. Unemployment reported supposedly going down means that the economy is picking up and thus there is no need to own gold and that is why it went down.
However when bad news on the economy is reported the same media explains gold going down because there is deflation and investors become risk adverse and thus there is still no need to own gold.
Thus you see no matter what according to the media there really is no need to own gold and no investors really want it. hahahahahahahahahahahahahahahahaahahahahahahahahaha.
Meanwhile the US mint has now suspended sales of its 24 K Gold Buffalo coin on top of the suspension of its American Gold Eagle coin because they have run out of supply.
All in my honest opinion of course.
F.F.