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<p>[QUOTE=&quot;avr5700, post: 1645692, member: 30063&quot;]This physical market versus paper market concern is interesting.&nbsp; Without a widely used reference, I would expect local physical markets to distort.&nbsp; On the other hand, if the physical market could set the price, even just locally, the argument given in related posts would tend to support price stability.&nbsp; So is the paper market&#039;s added volatility really a good trade for its wide scale standardization effect?</p><p><br /></p><p>Interesting that government had once price fixed the dollar/PM exchange rate when on the gold standard.&nbsp; What was it...$35/oz?&nbsp; Last I saw someone had posted a Saint Louis FED link where it showed gold valued at ~$42/oz.[/QUOTE]</p><p><br /></p>

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