Gold Bear Market or Physical Gold Discount Sale? - Sprott

``The days to come will prove if this surge in physical demand is an aberration, or the beginning of a new chapter for the physical gold market. If it represents the latter, precious metals investors may be wise to ignore the ‘paper' price of gold altogether. The line-ups in 1980 represented the top of the gold bull market. But what do line-ups for gold represent when the price has already fallen 30% from its all-time high? That's the question, and we're guessing it means this current gold bull market isn't close to being over.''