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<p>[QUOTE=&quot;Rono, post: 4296326, member: 6492&quot;]Howdy folks,</p><p><br /></p><p>Good discussion.&nbsp;&nbsp; The divergence between spot and street POG and POS is what happens when you have an artificial price.&nbsp; Either supply dries up or premiums go up or both.&nbsp; We&#039;re seeing both.&nbsp; It&#039;s not anyone being evil and even exploitive.&nbsp; It&#039;s just the nature of the beast.&nbsp;&nbsp; </p><p><br /></p><p>Same thing happened in the 70&#039;s when Nixon put price controls on gas.&nbsp; All of a sudden every station was out of gas.&nbsp; Same thing has been happening with the credit market and interest rates (i.e. the price of money).&nbsp; Fed has them so low you should be able to get a 30 year mortgage around 2% or even less.&nbsp; Not a chance, sucker, the bank doesn&#039;t have any money at that rate.&nbsp; Now if you&#039;re willing to pay 4-5% - well all of sudden they found some money.&nbsp; feh.&nbsp; </p><p><br /></p><p>With the advent of the bullion ETFs on top of options and the entire paper bullion market, the POG they imply is subject to the market and so many, many things (e.g. in every other currency in the world gold is near an all time high).&nbsp; It&#039;s a Paper POG.&nbsp; It&#039;s artificial.&nbsp; Folks look at their physical gold and silver and say, &#039;hell no, it&#039;s worth more than that&#039;.&nbsp; Now if you&#039;re willing to pay the Real price (i.e. higher premium), I might be willing to part with some.&nbsp; </p><p><br /></p><p>You can actually play this, sort of, by investing in both - physical and paper bullion.&nbsp; You can also buy mining stocks, either individually or in funds.&nbsp; </p><p><br /></p><p>And good luck and damnit, stay safe,</p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>

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