"I've Never Seen Anything Like This": One Bullion Dealer Sees A Rupture In Gold And Silver Markets
...the physical market finally “calling the bluff” of decades of paper manipulation in metals...
...the physical market finally “calling the bluff” of decades of paper manipulation in metals...
For all the world, this feels like a flight to the real...
“Gold is the only asset that somebody can hold and you don’t have to depend on somebody else to pay you money for...”
When you measure much of the financial world in gold, many of the supposed winners lose their luster. All you needed was a honest yardstick...
“I wouldn’t trust these banks as far as I could piss on them,”
The historic rise in gold signals that the market is scrambling for safe collateral as it takes a growing list of risks increasingly seriously...
The recent increase in gold prices in the United States and around the world has been driven by a confluence of economic, financial, and political factors.
“You’ve got this perfect storm at the moment...”
Gold “could easily go to $5,000, $10,000 in environments like this. This is one of the few times in my life it’s semi-rational to have some in your portfolio.”
With no obvious major seller in sight, the primary bull trend in gold is likely to stay intact for now, although a correction is likely while the metal is very overbought.
A technical indicator points to the possibility that the gold rally of September- October may have peaked in trendiness.
“There is no liquidity available currently...”
“Whenever the spot premium aligns with the import parity price, the fund-of-fund will open for subscription,”
Gold is the lie detector for a broken financial system...
"...the move is so extreme, it's hard to visualize on a chart..."
A “perfect storm” of inflation, debt, geopolitical tension, and investor doubt is propelling gold higher - and faster - than ever before...
"...this basically will lead to a currency death spiral. That’s where we are right now..."
...a shortage of freely available silver in the key London market has supported prices, while also pushing up the cost of borrowing the metal sharply.
"...we're seeing substantial asset inflation away from the dollar as people are looking for ways to effectively de-risk their portfolios vis-a-vis US sovereign risk."
With silver rallying strongly and rising more than 50% since the start of the year, a growing number of investors are starting to worry that a crash may be coming, similar to what happened after the major spikes in 1980 and 2011.
