Law of Supply & Demand Is Dead for Gold & Silver [View article]
Even if the physical demand mentioned by chris b. were a drop in the bucket (coins, jewelry, which it isn't as the last poster has said, DON'T you know that prices are made at the margin? Thus, a supply / demand imbalance in favor of demand as today, has that marginal effect you claim does not exist.
As to paper Ag/Au, yeah right, just try to take delivery on the COMEX? Ever heard of Nelson and Bunker? Far from being anything like manipulators, they were the ones who were manipulated out of billions. GLD/SLV: 50,000oz of SLV, that's for Joe Average for sure to take delivery of.
Paper PM's only reason for being is to channel investor demand for PMs into a paperform, to make it just as susceptible to all sorts of dealings as any other paper promise. You buy it because it is convenient, and thus trade your security away for it.
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Even if the physical demand mentioned by chris b. were a drop in the bucket (coins, jewelry, which it isn't as the last poster has said,
Sep 15 20:38 pm
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All Comments by quicks »Law of Supply & Demand Is Dead for Gold & Silver [View article]
DON'T you know that prices are made at the margin? Thus, a supply / demand imbalance in favor of demand as today, has that marginal effect you claim does not exist.
As to paper Ag/Au, yeah right, just try to take delivery on the COMEX? Ever heard of Nelson and Bunker? Far from being anything like manipulators, they were the ones who were manipulated out of billions.
GLD/SLV: 50,000oz of SLV, that's for Joe Average for sure to take delivery of.
Paper PM's only reason for being is to channel investor demand for PMs into a paperform, to make it just as susceptible to all sorts of dealings as any other paper promise. You buy it because it is convenient, and thus trade your security away for it.