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Message:: [QUOTE="InfleXion, post: 2735984, member: 29012"]$40 over spot for a CML is a deal I would take for sure if I were in the market for that size piece. If it was 99999, oh boy! No thanks on bars, unless they are smallish serialed PAMP bars (and yes there are fakes, I just like the design). Buying for spot seems like a steal, but I don't think dealers would do unless it was profitable. Do they know something we don't? Maybe, but I know that the CME isn't on the LBMA anymore. China however, is, and they really like gold. So as long as they want to buy it cheap, it will probably be cheap. If they ever want to swap over from fiat currency to gold as currency to say, de-level the playing field, then they might want to make all the gold they've been acquiring more valuable. Fed rate hikes are nothing more than jawboning. 0.25% is a tiny fraction that they prep markets for way in advance so that things adjust beforehand, but the kicker is that our debt and deficit is always expanding so any rate hikes make that more expensive to pay back, and how do we pay our debts again? Ctrl-p, more printing! Isn't that inflationary? Yep. Isn't raising interest rates deflationary? Yep. So it doesn't change the real interest rate at all? Right. So it's pointless? No, it's jawboning to manage perceptions. I didn't sell at $49 and I never will. I acquire metals with the intention of outlasting what most people incorrectly refer to as the US "dollar" which no longer exists.[/QUOTE]