Delusional analysis built on the shaky premise that what’s being paid for pieces of paper purporting to be ownership of precious metals remotely resembles the price one pays for actual physical ownership of the metals.
The market is reflecting the fact that a lot of paper has been sold that isn’t backed fully by actual precious metals.
Try buying physical gold or silver anywhere in the real world for the prices at which this paper is trading. Not going to happen.
Yep. This is the wierdest thing I’ve ever seen. There is this “price per oz” being published but I’ve yet to see it anywhere that cheap here in KY. And my father in Seattle can’t get any physical silver from his normal sources.
It’s like reporting that crude oil is $10 a barrel but if you actually want to buy gasoline, you will pay as if it is $80.
The whole dynamic is strange. And I think it is for the same reason that the explanations teenagers give for situations make no sense: They are lying.