What is the correct price?

All your questions about physical and paper gold
Post Reply
User avatar
Rasta
Gold Member
Posts: 1420
Joined: 07 Oct 2011, 15:16

What is the correct price?

Post by Rasta » 06 Jan 2012, 13:00

OBI-Wan asked in a post (Dutch language) what the price of the metals is, especially if you can't rely on paper price anymore in the most rigged market of the planet.

Doubleyou here and OBI-Wan here came up with the answer that increasingly it will be the physical market that set the price. Large buyers who can't go to the market to get the physical, go to the miners. The price at the miners are a nice indication of the accurate price. Here an example of the miners selling their own production:

Webshop First Majestic Silver
Webshop Great Panther Silver
Eventually there will be an awakening, a balancing of the scales and a bill to be paid, and for that I hold gold - Jim Sinclair


Post Reply