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<p>[QUOTE=&quot;GoldFinger1969, post: 19961352, member: 73489&quot;]<u>Futures contracts on the COMEX can diverge from the spot market -- for a time.&nbsp; But eventually the paper and physical markets have to balance.&nbsp; Otherwise, easy and instant profits can be arbitraged.</u></p><p><br /></p><p>I&#039;m not sure if 330 million ounces -- even all at once -- would move the price.&nbsp; <b><span style="color: #0000ff">It would depend on the elasticity of supply. </span></b> There could be a TON of supply at $23 or $25 or $30 an ounce.&nbsp; I don&#039;t know, nobody knows.</p><p><br /></p><p>The premiums we cite today are for ASEs, and are above the spot price of bullion.&nbsp; I&#039;m not saying premiums aren&#039;t warranted, I AM saying that after years (decades ?) of premiums being 10% or lower to have them still in the 30-40% range after 3 years is nuts.</p><p><br /></p><p>Again...<b><i>if the U.S. Mint were a private company, they&#039;d have the DoJ and FTC on them for Sherman Anti-Trust actions.</i></b>[/QUOTE]</p><p><br /></p>

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