The sheer swiftness of gold's decline on Monday meant that investors were willing to pay a premium for put options on gold and silver-backed exchange-traded funds, a centerpiece of his strategy.

WSJ: Gold's Great Unraveling Had a Few Harbingers

Whether or not platinum now holds or extends its re-found premium to the gold price depends on the underlying outlook for growth vs. depression.

FORBES: Platinum Prices Get White Hot, Surpass Gold Again

Indians bought gold at close to international prices and the havala premium on the dollar disappeared, boosting legal remittances.

ECONOMIST: India��s golden tariffs

For ESPN, the presence on Xbox with the requirement of Gold subscription validates the premium nature of the sports channel and the extent of its demand.

FORBES: ESPN On XBox: Implications for Disney, Microsoft & Other Pay-TV Providers

Unlike with a futures investment, which is based on the current value of gold, the downside to options is that the investor must pay a premium to the underlying value of the gold to own the option.

FORBES: Getting Into The Gold Market