Now I have to update the description of the Queen's method of setting the price of gold. According to her Speaker, the method can be described by a formula that has been used very recently:
Gold Price=(OGP+BDP+SMP)*1/3*Import Indicator Factor*Domestic Production Factor
wherein:
OGP Old (previous) Gold Price
BDP Buy Demand Price
SMP Spot Market Price
and I will be providing you with further clarification of this method
Recent developments in worldwide gold price were reflected in the Queen's decision to use this formula and, as a result, the price of gold has tumbled in a biggest and negative change since the gold price spike inside Attland in June 2007. Translated into troy ounce prices, Attland's domestic price for gold fell from $1045 to $940, almost a 10% plunge.
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