NSFW Anon Archived $50 Million worth of gold bars in circulation found to be fake. Some making it as far as JPMorgan and Chase & Co's vaults. (dailymail.co.uk)
submitted ago by 3403648?
Posted by: 3403648?
Posting time: 1.3 years ago on
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Archived on: 11/27/2019 10:00:00 AM
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NSFW Anon Archived $50 Million worth of gold bars in circulation found to be fake. Some making it as far as JPMorgan and Chase & Co's vaults. (dailymail.co.uk)
submitted ago by 3403648?
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[–] 20367609? ago
The coin will ALWAYS have a premium over a generic product.
It seems you are being intentionally obtuse or trolling me at this point.
If you want to carry on discussing, please give me some indication that you are reading and attempting to comprehend my responses. I don't think you are getting any of this, so I'm replying more for the benefit of others who might value this information, than I am for you.
I think we've pretty much exhausted this topic now. It's really not that complicated.
[–] [deleted] ago
[–] 20367950? ago (edited ago)
No, it is a prediction based on theory as to why the market values things the way it does. I was trying to share the theory with you.
My friend you can call the dealers and ask them what their buy prices are! It's not a secret. They will tell you. Then you can calculate the trade spreads. Surely you would like to know what they buy back for, before you buy the things they are selling?
As to how it all works, the premiums etc, why they exist and how they behave.... you can get there by thought experiment alone if you don't trust anyone.
Anyway the dealers aren't authorities on economic law... they are just market participants.