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Gold and silver prices are set in the paper market. Supply and demand of physical doesn't do anything to the price. The physical markets don't matter, until they do.
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The article is a year old, but the monetary concept bears repeating and informing people as to what may be coming down the road after the Great Corona Virus Panic Attack.
[–] 22967520? ago (edited ago)
Scary shit. We don't need a gold standard. Just debt-free money.
Buy gold though (and silver) while you can.