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<p>[QUOTE=&quot;desertgem, post: 2235365, member: 15199&quot;]The paper commodity market is intended to be at almost zero as it is a &#039;zero-sum&#039; instrument. As many consignments as purchase for deliveries, as many &#039;Call&#039; options as &#039;Put options&#039;. The bigger players understand this and use it as leverage when appropriate, people who believe the PM anti-paper &#039;faith&#039; do not, so who is this type of proposition slanted towards? Sigh. </p><p><br /></p><p>Comex and the PM ETFs have prospectuses which state how much actual metal backing they must maintain for the paper instruments they issue, so if no one is demanding actual metal delivery ( it is VERY expensive overall considering delivery, storage, etc.), they don&#039;t so it until delivery contracts are established ( less than 3% of contracts). The principals have enough currency backing to obtain it when needed at any necessary price, so why store it and see it lose value? Before anyone else, they will see demand or lack thereof,&nbsp; long before the average bullion buyer will. Believing the bullion companies are doing you a favor for letting you know when to buy is like believing the flying spaghetti monster will win you the lottery.[/QUOTE]</p><p><br /></p>

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