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samking73
Member since February 2013
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Chill out dudes

- Bron Suchecki - Perth Mint

There has to be some kind of world wide shortage of gold, or it wouldn't be worth anything. If it were as common as lead, it would cost the same as lead.
In the paper market, I just cant believe that every piece of paper has the gold or silver to back it. OK, maybe Perth Mint does. That's is where Suchecki is employed. And, yes, his point that physical gold price follows the paper spot price is true. Im not going to be trading in paper any time soon though. The reason I've started buying physical has nothing to do with getting rich quick, its more of a safety issue with me. So paper of any kind just doesn't spell 'safety' to me. I guess its all in your perspective of why you're in PMs.

Commented 4013 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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