Discussion of Housing Bubble, US Dollar, Debt, Trade Deficit, Oil, Gold, Consumer Spending, Central Banks, Inflation, Outsourcing and the Bleak Future of the US economy
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I believe that the backwardation we're seeing is the public's strong preference to hold physical vs paper. It neither proves nor disproves a conspiracy. However, the physical shortage by the US mint raises questions about where that supply that would otherwise be used is headed - the Middle East and Asia, from what I can gather. Still, why isn't the mint able to bid market price and continue to mint gold coins. To me, that is as bothersome as anything.
2 comments:
Finally someone is saying the word "conspiracy" concerning the demand vs. supply price of gold.
I believe that the backwardation we're seeing is the public's strong preference to hold physical vs paper. It neither proves nor disproves a conspiracy. However, the physical shortage by the US mint raises questions about where that supply that would otherwise be used is headed - the Middle East and Asia, from what I can gather. Still, why isn't the mint able to bid market price and continue to mint gold coins. To me, that is as bothersome as anything.
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