Saturday 25 January 2014

Financial Times - Questioning Paper Gold - Learn from Buba Demand Delivery / & Grant Williams Back-Story

The FT is usually very dismissive of the gold bugs.
Here Neil Collins asks the questions about paper and physical gold and why the Bundesbank has not had their gold back. This follows John Dizard's previous article.
The longer Grant Williams article explores the background of previous problems with banks holding gold short positions who left the gold market, as recently announced by others, like Deutschebank.
As has been remarked here before, forecasting the price is for mugs and bugs. But one day the ties that bind this pixelated gold may break, with potentially catastrophic results. So if you fancy gold at today’s depressed price, learn from Buba and demand delivery.

No comments:

Post a Comment