In this week's poll, 40% of respondents chose the response "many large holders have announced their intent to sell," in line with what was reported about the Central Bank of Cyprus, George Soros, and others, whereas 28% believe that the list of factors in the poll does not include what they consider the primary factor for the sell-off. Indeed, the cause of this sell-off, the largest in 30 years, appears to be quite complex, with most of the sell action in the COMEX, where 400 tons ($20 billion) were sold within a matter of hours, while reported physical gold demand remained robust, especially in Asia. Some referred to the sell-off in the Japanese bond market and other markets as an orchestrated bear raid. For more background and analysis, see the blog posts Did the Gold Standard Work? Economics before and after Fiat Money, Gold Investing: What Is the "Barbarous Relic" Really Worth? and Current Thinking on Investing in Gold and the Gold Standard and then tell us what you think by adding your comments at the bottom of the blog post. Samuel Lum, CFA, Director, Private Wealth & Capital Markets, CFA Institute

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