Physical Gold Yet It's Probably Too Late
The result, as discussed last week, is that "the price of physical gold decouples from paper gold" resulting in an arbitrage that physical gold buyers, i.e., those who don't have faith in gold ETFs such as the GDX or simply prefer to have possession of the metal, find especially delightful as it allows them to buy physical gold at lower prices than they would ordinarily have access to.
The immediate next step is a surge in demand for physical gold that results in precious metal vendors and exchanges becoming sold out in very short notices. Take for example the largest US precious metals exchange, APMEX, where any attempt to buy gold in size, or rather weight (because the truly rich who need to park several millions can't be bothered with individual gold coins and instead go for the 400 oz brick or 1 kilo bar), finds, well, nothing because everything is sold out, and not just for bars...
>Od tego dnia sklepy mennicy będą zamknięte już na stałe.
Błąd. Jak widać po doświadczeniach zachodnich sklepów, deficyty złota i srebra w regularnej sprzedaży mają miejsce jeszcze przed krachem. I u nas sklepy Mennicy zostaną z braku towaru zamknięte nim ceny metali wystrzelą w kosmos.