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"disappearing gold"

razzlerazzle Posts: 996 ✭✭✭
in Precious Metals
This Jeff Thomas article gets at the "shell game" aspects of the dual market of physical and paper gold. I'm sure many of the same dynamics are present with silver. If he's right, no one really knows to what extent the paper and the bars align. If the double-counting is occurring with gold, it may also be true with silver and account for the differences between opinions about excesses and shortages. It seems a relative certainty, though,that there will NOT BE MORE of the metal than the paper says.
Markets (governments) can remain irrational longer than an investor can remain solvent.

Comments

  • CaptHenwayCaptHenway Posts: 33,218 ✭✭✭✭✭
    Is there a link?
    Numismatist. 54 year member ANA. Former ANA Senior Authenticator. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Author "The Enigmatic Lincoln Cents of 1922," Available now from Whitman or in January on Amazon.
  • JohnnyCacheJohnnyCache Posts: 1,873 ✭✭✭✭✭
    Linked for the OP
    disappearing-gold
  • razzlerazzle Posts: 996 ✭✭✭
    What johnnycache said. Sorry-I didn't look back at that last night and my google chrome doesn't allow "preview" function here.
    Markets (governments) can remain irrational longer than an investor can remain solvent.
  • Timbuk3Timbuk3 Posts: 11,658 ✭✭✭✭✭
    Interesting story !!!
    Timbuk3
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