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<p>[QUOTE="EWC3, post: 4826267, member: 93416"]Hello Ross - yes - I think that was more or less Doug's correct point too. </p><p><br /></p><p>The real problems however are to do with quantifying varying scale of hoarding. It was often clearly massive - but impossible by its nature to properly quantify.......</p><p><br /></p><p>Worth remembering too that the biggest ever move in worldwide metal values was around 1870. Many gvts abandoned bi-metalism and silver dropped against gold from 16:1 to 35:1. To thoughtlessly talk about historical bullion prices as a "market phenomenon" rather misses the role of a few giant players in the "market"</p><p><br /></p><p>Rob[/QUOTE]</p><p><br /></p>
[QUOTE="EWC3, post: 4826267, member: 93416"]Hello Ross - yes - I think that was more or less Doug's correct point too. The real problems however are to do with quantifying varying scale of hoarding. It was often clearly massive - but impossible by its nature to properly quantify....... Worth remembering too that the biggest ever move in worldwide metal values was around 1870. Many gvts abandoned bi-metalism and silver dropped against gold from 16:1 to 35:1. To thoughtlessly talk about historical bullion prices as a "market phenomenon" rather misses the role of a few giant players in the "market" Rob[/QUOTE]
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