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<p>[QUOTE="desertgem, post: 1709778, member: 15199"]<p style="text-align: left"><span style="color: #000000"></span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p> <p style="text-align: left"><span style="color: #000000">Yes inflexion, we have gone over this many times, but that doesn't mean it makes sense. Gold is valued in USD. If you have the spot value price for a delivery contract, you can get the gold. That is the way commercial users of PM such as jewelers stay in business, but you have to have a lot of those "worthless" USD to do that, and evidently the people buying hand over fist ( which I sincerely doubt except as hearsay) don't have it or don't want to risk spending it for PM, so they pay large premiums and are convinced they are doing the right thing. Gold is worth the spot price in USD plus/minus a normal premium and no more. The problem is that 'stackers' want to buy it way below and sell it way above because they know its secret higher innate value.</span></p> <p style="text-align: left"><span style="color: #000000"><br /></span></p><p>[/QUOTE]</p><p><br /></p>
[QUOTE="desertgem, post: 1709778, member: 15199"][LEFT][COLOR=#000000] Yes inflexion, we have gone over this many times, but that doesn't mean it makes sense. Gold is valued in USD. If you have the spot value price for a delivery contract, you can get the gold. That is the way commercial users of PM such as jewelers stay in business, but you have to have a lot of those "worthless" USD to do that, and evidently the people buying hand over fist ( which I sincerely doubt except as hearsay) don't have it or don't want to risk spending it for PM, so they pay large premiums and are convinced they are doing the right thing. Gold is worth the spot price in USD plus/minus a normal premium and no more. The problem is that 'stackers' want to buy it way below and sell it way above because they know its secret higher innate value. [/COLOR][/LEFT][/QUOTE]
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