Gold has been relentlessly bludgeoned by central banks any time it goes above 1800. Gold wants to tell a tale on currencies and the purveyors of those currencies want to forestall that as long as possible.
Those banks want to keep gold at about $1750. It’s obvious and blatant. The proof in the puddin’ is the wild difference between the paper price and the physical price. Lately, a physical 1 ounce gold coin has been $175 higher than the spot paper price.
The ratio on silver is even more dramatic. At 23.50 spot on paper, a single silver 1 ounce eagle has cost 34.00
About a trillion dollars that normally would have gone into gold is now safely invested in bitcoin. The demand for gold is dwindling, perhaps for the long run.
My local shop is selling 1 oz. Kruggerands for about $75 over spot fwiw.
That’s about right. I’ve noticed the premium on silver dollars is abt $10+