THE DISCONNECT BETWEEN THE PAPER GOLD MARKET AND THE REAL GOLD MARKET IS AT RECORD LEVELS:

 

REAL GOLD: 1 oz American Gold Eagle Coin (Random Year)        As Low As: $1,825.67

paper gold: 1628.10

USD

−23.47(−1.42%)

MARKET OPEN (AS OF OCT 19, 21:06 UTC)

As  the paper gold price continues to plunge 

Now down to 1628 dollars per ounce

The price of an actual ounce of gold at the 

close of today's market fell to 1825 dollars 

Per OUnce as quoted at JM BUllion.

An ounce of Collector (100 soles from 1965

mintage 24,000 pieces) bULLION Fell TO 2207 

DOLLARS PER OUNCE (PER HERITAGE AUCTIONS)

Metal: Gold

Weight: 46.8071g
AGW: 1.3543oz
Melt Value: $2,207.51
Gold Spot: $1,630/oz (10-19-2022 4:42PM CT)

THE DISCONNECT BETWEEN THE PAPER MARKETS AND THE REAL MARKETS CONTINUES TO GROW.  THIS BEGS THE QUESTION OF WHAT HAPPENS WHEN SOMEONE ACTUALLY TRIES TO TAKE DELIVERY OF THE PRETEND GOLD THAT THE FUTURE'S MARKET CONTRACT CLAIMS TO REPRESENT?

IF YOU COULD BUY IT AT $1625 AND SELL IT FOR $1825 THAT WOULD BE A PRETTY GOOD DEAL.  ESPECIALLY FOR ALL THE CENTRAL BANKS THAT ARE AMASSING GOLD AT RECORD RATES - LIKE CHINA, RUSSIA, UAE, SAUDI ARABIA, INDONESIA, INDIA ETC.

OF COURSE EVERYONE KNOWS THE GOLD REPRESENTED BY THE US FUTURES CONTRACT - OR THE GOLD REPRESENTED BY THE SPOT PRICE SET AT THE LONDON BULLION MARKET - DOESN'T ACTUALLY EXIST, SO WHAT IN THE WORLD DOES THE THEORETICAL PRICE ACTUALLY MEAN IN TERMS OF PRICE DISCOVERY.

DISCOVERY OF WHAT?

IMAGINATION?