RobM ✭✭✭

0.2354 troy ounces of gold in British sovereigns. Most of these are traded at modest premiums only. So if spot were $1750, a $50 premium would result in a price of $462. Meanwhile, 1/4oz AGEs are lis… (View Post)

Assuming that this was a private party transaction and was intended to be optimally fair to both parties? The 1/10oz AGE/1oz ASE ratio would be right at 6.75 at today's prices. So in an even trade wi… (View Post)

Keep in mind that the Fed's QT effort is barely underway because there aren't enough maturing MBSs to roll off their balance sheet. It's not like they are,selling any bonds. Historical median TTM S&a… (View Post)

I think he meant he's never paid more than $3 per ounce over spot for ASEs. It is unlikely that any arms length transaction for ASEs at $3 has ever taken place. I did manage to win one last year, lol. (View Post)

Since 2015 the single biggest reason is likely the VW diesel emissions scandal. Platinum is heavily used in diesel catalytic converters. Afterwards, diesel engine use in new cars fell dramatically. T… (View Post)