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Monday, September 21, 2020

Zero Hedge — "Paper Gold No Longer As Important" - BofA Finds Physical Demand Now Key To Gold Prices


Going to gold.

Zero Hedge
"Paper Gold No Longer As Important" - BofA Finds Physical Demand Now Key To Gold Prices
Tyler Durden

5 comments:

  1. "BofA finds physical demand now key."

    Really? That's what they pay these people for? It's always been key.

    ReplyDelete
  2. Right Mike

    On a related but slightly tangential note;
    It always leaves me shaking my head when some people talk about returning to a gold standard while also suggesting they could do this and NOT have a guaranteed way for a citizen to exchange their cash for gold on demand. What have you accomplished if you say your money is “backed “ by gold but you don’t give the average guy the choice of holding gold or fiat?
    No serious gold standard person would accept a situation like that. If they do they aren’t capable of thinking it through and shouldn’t be taken seriously.

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  3. It’s the completely filled d bands that gets them every time...

    “In the case of a completely filled outer 𝑑-shell (i.e. in the case of copper, silver, and gold), this screening is most efficient and the reason why these metals are noble. “

    https://physics.stackexchange.com/questions/485590/role-of-d-band-in-metals

    They just can’t resist a completely filled d band..,

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  4. It's a reflection on how unjust the current fiat creation/banking model is that a return to the dog's vomit of a Gold Standard is even considered.

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  5. In post collapse, we may move to a Dried Fig Standard.

    ReplyDelete