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March 3, 2014
The "true"price of gold
to them it's a onsey-twosey swapmeet, there simply isn't enough available to buy, and it's too small to equitably absorb the lots they sell.... The Giants have only one market for the quantities they move around: each other. This, he says, sets the other "true" price of gold, called the "In Size" price, estimated to be as high as twenty times the market price. He goes on to say there is no conspiracy involved, just simple privacy. - - ol remus and the woodpile report
Posted by gerardvanderleun at March 3, 2014 9:31 AM. This is an entry on the sideblog of American Digest: Check it out.
Your Say
I call B$. Law of one price.
Posted by: Fat Man at March 3, 2014 4:12 PM
Well, to paraphrase Iron Joe Stalin:
to lose a hunnert bucks on gold is a tragedy; to lose a million is a statistic.
Posted by: chasmatic at March 4, 2014 10:19 AM