It's a game between the bullion banks and hedge fu
Post# of 82672
(Total Views: 203)
Posted On: 04/12/2021 9:57:12 AM
It's a game between the bullion banks and hedge funds ...
and the result is a suppressed physical price ... since the
contracts determine the price. If you try to buy physical
metal there is very little supply, the premiums are high,
and you have to wait for delivery. The metals market is
gonna implode at some point .... with paper contracts,
you have over a hundred claims on the same ounce of
metal ---- one day a majority of those contracts will stand
for delivery and there will be fireworks.
and the result is a suppressed physical price ... since the
contracts determine the price. If you try to buy physical
metal there is very little supply, the premiums are high,
and you have to wait for delivery. The metals market is
gonna implode at some point .... with paper contracts,
you have over a hundred claims on the same ounce of
metal ---- one day a majority of those contracts will stand
for delivery and there will be fireworks.
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