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S W
Member since May 2012
668 commentaries - 5 followers

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has posted a comment on the article :

Chill out dudes

- Bron Suchecki - Perth Mint

Actually I agree with Bron and I think he is a very good authority on the metals scene.

My view is this. This is a short term supply/delivery problem.

There is and never will be a shortage of GOLD.
There will be a withholding of gold by the owners of gold because they will not sell it for increasingly worthless paper.

People will then realise looking back at this time that they should have bought gold at any price up to the nominal high already set.$1900.

I also agree with Sinclair...GET OUT OF THE SYSTEM, because WHAT POSSIBLE HARM CAN THAT CAUSE?

Commented 4216 days ago

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Beginning of the headline :OK, it is all getting a bit silly out there on the gold interwebs, particularly in respect of the supposed physical-paper price disconnect. I have been trying to kill this meme ever since it first appeared in 2008 but it seems the idea of production capacity shortages seems too difficult for many to get. The "real" price of gold isn't what you pay for a 1oz coin on eBay. As Mish says "Premiums on small denomination coins is not the same a general premium on physical gold itself." But don't ta... Read More

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