Seems odd that the paper gold is getting sold off but the physical gold is getting snatched up. I wonder when the paper gold will decide to turn around and follow physical gold’s lead
I think you have to consider them two different markets.
I have been selling some 1/10 oz gold coins over the past month. The phys coins are dropping, but not at the rate of the paper.
I would love to see stuff bottom out, but I am not sure. But if I were sure...I would have sold this stuff months ago.
Paper gold is only worth the paper it is written on. What would happen if everyone demanded physical delivery?