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<p>[QUOTE=&quot;Zuhara, post: 842168, member: 23099&quot;]No, the spot price of silver and gold are not &quot;largely&quot; paper prices, they are the actual prices paid for physical delivery in the real world. It is irrelevant that few people choose to take delivery of their silver or gold through the futures market, and to state otherwise is to misrepresent the nature of the market. While few people take delivery of any commodity on the futures market, one may do so, at spot. Spot is what is paid for physical delivery in quantity, in the futures market or not, and this is set by the market, whether you &quot;condone&quot; it or not. GATA&#039;s endless repeatitionof the claim that the price should be higher than it is doesn&#039;t make it so.</p><p>&nbsp;</p><p>If you want to provide evidence of shortages in the real world, disconnect between the paper and the spot price, or of defaults in the futures market, or answer any of the points that I made in response to these rumors, then do so, otherwise, vague remarks about failure to do &quot;analysis&quot; do little to further the discussion. </p><p>.[/QUOTE]</p><p><br /></p>

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