The real price of silver is proving that the paper price of silver is being manipulated. Case closed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Yes, dealers are restricting supply right at the moment they can get more premium than they have ever received.
Probably explains why their "buy" premiums are also at all time highs.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@jmski52 said:
Kitco shows gold @ $1645, down $15.
Marketwatch shows gold @ $1690, down $4.
Can anyone explain the discrepancy, and which is real?
The only real price is what is being paid for real gold.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
@derryb said:
Yes, dealers are restricting supply right at the moment they can get more premium than they have ever received.
Probably explains why their "buy" premiums are also at all time highs.
And this is why you were govt employee. 😜
Maybe they restrict supply to get premium up in the first place. Tis better to sell 10% of your inventory for 100% more than all of your inventory for 10% more.
And to keep those premiums up you must support the bid. Create an artificial bid knowing no one would sell anyway. Its classic.
Funny, cuz this sounds just like the "manipulation" that was supposedly done in the futures market.
Physical metals are too volatile to control supply or price. When prices (or premiums) or up, you collect your profits. When they are down, you build your supply. That's the way they been doing it for years. The only difference is they are now cashing in on higher premiums, not higher base (spot) price. Wash, rinse, repeat. You know and they know, premiums will come down. Why hoard supply for lower prices?'
And this is why you are a bank teller. Think AH, think.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Maybe they restrict supply to get premium up in the first place. Tis better to sell 10% of your inventory for 100% more than all of your inventory for 10% more.
I would surmise that dealers restrict their sales according to their financial position and business model. I don't think they "restrict supply" to get the premium up. They do bump their prices in response to market conditions. I would, too.
to keep those premiums up you must support the bid. Create an artificial bid knowing no one would sell anyway. Its classic.
They quote a price that hedges against market volatility in times like these when the Fed is creating imbalances in the credit and stock markets by poofing $trillions into existence for the benefit of their mismanaged big bank cronies.
Funny, cuz this sounds just like the "manipulation" that was supposedly done in the futures market.
Bullion dealers aren't manipulating the market simply by managing their inventory & cash positions. The bullion dealers can't sell naked shorts to control the market like the Comex allows the banks, such as JPM to do with free imaginary money from the Fed. Big difference.
Q: Are You Printing Money? Bernanke: Not Literally
Comments
here is another with interesting numbers
https://www.cnbc.com/2020/03/30/a-barrel-of-oil-is-now-cheaper-than-a-pint-of-beer-in-canada.html
The real price of silver is proving that the paper price of silver is being manipulated. Case closed.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Maybe we should have invested in oil storage facilities
As long as you have customers, tankage & pipelines are a pretty good bet. If the customers aren't there, you are basically "done".
I knew it would happen.
Assets or other items of utilitarian value, in general, are worthwhile if obtained at price levels of a previous generation.
Knowledge is the enemy of fear
Seeing how dealers have restricted the supply, one could easily surmise that it is physical prices that are manipulated. Case opened back up.
Knowledge is the enemy of fear
Yes, dealers are restricting supply right at the moment they can get more premium than they have ever received.
Probably explains why their "buy" premiums are also at all time highs.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Kitco shows gold @ $1645, down $15.
Marketwatch shows gold @ $1690, down $4.
Can anyone explain the discrepancy, and which is real?
I knew it would happen.
Oh, I think I see...……...the $1690 was the June expiration futures price. Kitco is spot price.
I knew it would happen.
The only real price is what is being paid for real gold.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
And this is why you were govt employee. 😜
Maybe they restrict supply to get premium up in the first place. Tis better to sell 10% of your inventory for 100% more than all of your inventory for 10% more.
And to keep those premiums up you must support the bid. Create an artificial bid knowing no one would sell anyway. Its classic.
Funny, cuz this sounds just like the "manipulation" that was supposedly done in the futures market.
Think derryb, think.
Knowledge is the enemy of fear
Physical metals are too volatile to control supply or price. When prices (or premiums) or up, you collect your profits. When they are down, you build your supply. That's the way they been doing it for years. The only difference is they are now cashing in on higher premiums, not higher base (spot) price. Wash, rinse, repeat. You know and they know, premiums will come down. Why hoard supply for lower prices?'
And this is why you are a bank teller. Think AH, think.
"Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey
Which is why they are controlled.
Nope.....fortune teller.
This might make a good new avatar. Thanks for the suggestion.
Knowledge is the enemy of fear
Maybe they restrict supply to get premium up in the first place. Tis better to sell 10% of your inventory for 100% more than all of your inventory for 10% more.
I would surmise that dealers restrict their sales according to their financial position and business model. I don't think they "restrict supply" to get the premium up. They do bump their prices in response to market conditions. I would, too.
to keep those premiums up you must support the bid. Create an artificial bid knowing no one would sell anyway. Its classic.
They quote a price that hedges against market volatility in times like these when the Fed is creating imbalances in the credit and stock markets by poofing $trillions into existence for the benefit of their mismanaged big bank cronies.
Funny, cuz this sounds just like the "manipulation" that was supposedly done in the futures market.
Bullion dealers aren't manipulating the market simply by managing their inventory & cash positions. The bullion dealers can't sell naked shorts to control the market like the Comex allows the banks, such as JPM to do with free imaginary money from the Fed. Big difference.
I knew it would happen.
Thats right jmski......if you dont know how markets work.
Knowledge is the enemy of fear
_Thats right jmski......if you dont know how markets work.
_
How did the banks get $1.5 trillion without congressional approval?
I knew it would happen.
No approval needed, the banks along with a few others own congress. Semper Fi!
The whole worlds off its rocker, buy Gold™.