[cgbg]

“What’s up with the gold and silver markets?”

Short answer—paper gold and paper silver.

The markets are a total joke—multiple claims on the same asset.

If you could sell your house to twenty buyers at the same time the price would not go up either.

;-)

[Alvin Diogenes]

Short answer—paper gold and paper silver.

The markets are a total joke—multiple claims on the same asset.
If you could sell your house to twenty buyers at the same time the price would not go up either.

Can you explain? It seems to me that that would drive prices up (more money chasing the same amount of goods).

(Something similar happened in the GameStop bubble, with market makers creating and selling loads of "fake" stock, and it drove the price way up.)