Paper Gold Price Today-Cash Gold Price Tomorrow
There are some big moves and changes currently occurring in the global gold market.
The price of gold today is led by the West. This is now rapidly changing so that it'll one day be led by the East (China, Shanghai).
The primary reason for this is that the spot price for gold is being 'managed' by the West through the use of various paper mechanisms.
Whereas normally the price of anything should be derived from the balance of supply and demand, this is not the case for gold or silver. The prices for both precious metals are dislocated from the actual physical supply and demand numbers.
The Chinese understand that fiat currencies eventually fail. It is for this reason that over the last few decades they have been aggressively, but quietly, accumulating physical gold bullion.
They have also been establishing physical bullion cash markets in china and moved their banks into the LBMA to create a commanding position in the whole gold market.
China's moves are towards the actual cash spot price of bullion not and away from the current paper price. Eventually you will see the emancipation of physical bullion away from paper prices to cash prices under the guidance of China.