Wednesday, June 26, 2013

Gold took overnight shot

Not being written about very much, though.

I caught a brief news snippet while scanning Free Republic.  A short comment to this is this dichotomy between physical and paper gold.  It bears repeating that a lot of paper gold gets traded which isn't even backed by real gold, which really means that it isn't gold at all.  The paper currency is the one that people see, the physical market is the one people don't see.  So, it looks like gold is a sick asset.  Nobody seems to bother to notice that the whole world economy is sick from too much paper currency.  Just saying.


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