Monday, December 1, 2014

Gold shortages so bad the spot price is meaningless as premiums reach 30-40%

When investors and the general public realize that the U.S. based Comex spot price for gold and other precious metals is a meaningless indicator, then demand for the monetary metals may eventually skyrocket as they are predicted to do after this Sunday’s vote in Switzerland over a gold referendum and return to the gold standard.  But until then, only major buyers of the metals know the dirty little secret that could be worth thousands or millions of dollars to the quick.
 
And that is, gold shortages are now so great that premiums for large purchases are upwards of 30-40% above the manipulated spot price that issues daily from the Comex and from London.
 
 

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