Steps like this one have always been fuel for American induced war. How will it happen this time? What will the synthetic story be this time? Please do realise, any gold price higher than USD 700,-- is a scam. Very expensive mines are producing at that cost. And they will remain to be able to do so for atleast the next 20 to 30 years with an expected reduction in production cost, since a lot of infrastructure is already depreciated in accounting.