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Originally posted by silent thunder
This writer seems to think there is a disconnect between the quoted gold price and the "real" gold price. This is because most "buyers" of gold don't take actual physical posession of the metal. According to the article, it costs significantly more than the "official" price these days to actually acquire physical, in-your-hand gold.
Meanwhile, if the article is to be believed, people who actually traffic in physical gold are ignoring the "official" prices and buying and selling much higher...actually using EBAY to price the gold because its a more reliable indicator of the real price these days than the manipulated "official" figures!
Don't know if its true but its pretty scary. Any thoughts?