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<p>[QUOTE=&quot;sakata, post: 2677716, member: 23778&quot;]Very true.&nbsp; But what would it do to the price of physical gold if they had to buy so much at one go?&nbsp; Who would sell so much: not the Chinese, Russians or Indians, who are the main beneficiaries of the low prices.&nbsp; Fact is, not everyone is going to try to cash in because almost all are funds, only playing the paper market, and have no interest in the physical item.&nbsp; This simple fact alone is why the price is so controlled. </p><p><br /></p><p>If all paper contracts were required to be delivered in gold (or silver) then the price would be much higher. Assuming, of course, that there would still be the same number of contracts.&nbsp; There wouldn&#039;t be.</p><p><br /></p><p>The price of physical silver is closely tied to the price of paper silver only because the insiders, the big metal dealers such as APMEX, are willing to sell physical at the paper price.&nbsp; They hedge their bets and so don&#039;t care what price the sell at as long as the buy as a lower price.[/QUOTE]</p><p><br /></p>

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