Central banks are buying from whom? Is it annual mine production or are they hoovering slowly from private hands? It is physical gold or just more paper gold where claims far exceed physical supply? Gold is polluted with banker games, so can we get to what’s real?
Thanks gents - I agree that CBs are likely buying physical gold and logically explains the price action. It sure isn’t coming from retail buyers based on my contacts and the negligible spreads over spot in the pre-1933 gold coin market (common date stuff). My initial question reflects a curiosity about both sides of the equation - like with big moves in any market, there is a buyer for every seller. If CB are the big recent buyer, then someone(s) are either a big seller, or CBs are crowding out the buyers of yesteryears mine supply (assuming steady mine supply). But if the buyers are all the same (identity and quantity) even with CB activity, we have new sellers regardless of price level (or because of it). I’m curious about the new net seller(s).
Central banks are buying from whom? Is it annual mine production or are they hoovering slowly from private hands? It is physical gold or just more paper gold where claims far exceed physical supply? Gold is polluted with banker games, so can we get to what’s real?
Not paper. The fact gold has moved up so quickly already shows reality is upon us.
Thanks gents - I agree that CBs are likely buying physical gold and logically explains the price action. It sure isn’t coming from retail buyers based on my contacts and the negligible spreads over spot in the pre-1933 gold coin market (common date stuff). My initial question reflects a curiosity about both sides of the equation - like with big moves in any market, there is a buyer for every seller. If CB are the big recent buyer, then someone(s) are either a big seller, or CBs are crowding out the buyers of yesteryears mine supply (assuming steady mine supply). But if the buyers are all the same (identity and quantity) even with CB activity, we have new sellers regardless of price level (or because of it). I’m curious about the new net seller(s).
Doug and Matt,
like your opinion on Natgold ,
Regards
Michael
ps a subscriber to crisis investing