Korelin Economics Report: Falling Gold & Silver Prices - 3/14/2012 : what people need to understand is that what is traded as gold is in fact only paper gold with no actual physical gold to back it , no gold is bought or sold by those speculators who are driving the prices of gold up and down , it is just derivative and paper assets with nothing behind them , this is surreal but this is the way it is now gold is being treated as a speculative asset while in fact gold should be viewed as money not as a commodity to speculate upon