Hmm, how is Christmas holiday gold necklace or ring purchase in the west any more "practical" or less archaic than Indian purchase of gold? At least, the Indian would buy the real 24k stuff, not the 14k or even 10k trash that passes for gold here.
<<This is the reason for the pump and dump scenario.>>
Really? And here I am thinking that the POG has been unduly constrained by the collective action of the central banks/bullion banks tag team. Me bad. Thanks for the enlightenment.
By the way, is there a POG that might make you reconsider your "pump and dump" mindset? $400/oz?... $500/oz... $1000?
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