Gold Prices to Boom?
The gap between the price of physical gold and paper gold, i.e. futures contracts is the subject of this article, with a bit of history thrown in for good measure… Most consider the New York market ‘spot’ price for an accurate indication of the true price. However, investors now buying buy physical or ‘fabricated’ gold, are paying a premium of between $20 and $30 per ounce. When these gaps existed in the past, major increases in the price of gold were imminent. …it’s probably not a bad idea to have a little gold around.
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