The moment when you have no ETF buying or investment buying, who would buy your gold?

I hate to be a wet blanket here but statistics show that this practical approach rarely leads back to your passionate pursuit.

And that fascinated me. But when I wanted to read from the document at a party meeting my comrades discouraged me.

Glitnir, Landsbanki and Kaupthing amounted to more than half of the value of Iceland's stock exchange and they are now worth nothing.

"Gold has rallied in most major currencies despite a firm US dollar, a sign of strong buying interest in the metal," UBS said in a note this week.