Today Alasdair Macleod spoke with King World News about the physical panic in the gold market.
Physical Gold Panic
April 18 (King World News) – Alasdair Macleod: “The people with big money in places like family offices are beginning to understand what is happening to money and the lack of (physical) gold there is available. This is a physical panic, if you like, underneath. And I just wonder what the real price is because we’re not getting proper price discovery. When you see huge premiums on the Comex vs the spot price in London, that’s not price discovery at all. It’s just not happening. And the idea that it can be sort of be ironed out by exchange for physicals — that has died a death as well. There was huge turnover in the exchange for physicals earlier this year but that has now dropped right off and is hardly featured. So basically, Eric, the market is broken…to listen to one of Alasdair Macleod’s most important audio interviews ever where he discusses the perfect storm in the gold market and why “this time the situation is infinitely worse” CLICK HERE OR ON THE IMAGE BELOW.
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