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