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Gold and Silver Backwardation and Manipulation

January 6th, 2009 | Economics, Money by Jake the Champion of the Const

It appears to be a perfect storm shaping up, although it not yet outside the grasp of short-term government manipulation, especially if there is the hint of a panic, or “gold fever” developing. The price of gold and silver are both up as both metals are in (temporary for now) backwardation, but the price does not have a high degree of relevance. All eyes are on the gold basis will probably drive the price which you can learn about by reading the below mini-series. FULL ARTICLE

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4 comments ↓

#1 Michael Boldin on 01.06.09 at 4:25 am

Jake, I think you’re right on point when you say there’s a perfect storm coming our way.  With demand rising and limits on supply (especially artificially), we might see things go through the roof…

#2 palazzolor on 01.06.09 at 6:57 am

Speaking of prices and demand. A few months ago, when gold spot was in the low 700’s, I couldn’t find any to buy – anywhere.  Backwardation?

#3 Frank-O on 03.16.09 at 3:44 pm

What people don’t get is that gold isn’t some interest-paying investment, it’s protection.  It’s a way to keep the value of what you have now.

#4 Rene on 09.21.09 at 11:21 am

Frank-O thats not true. Look at the facts – and you will see that silver is up 50% this year. Do we have an inflation of 50% so long this year?

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