As of today, the gold “coverage” ratio, or the amount of paper claims for every ounce of physical,has just hit a new all time high of 293 ounces of paper per ounce of registered physical.
Unlike Bitcoin, which has doubled in the past few weeks (as the predicted Chinese buying onslaught indeedmaterialized), it hasn’t been a good week for spot gold prices which have tumbled from $1,180 to just over $1,100. Read more
No comments:
Post a Comment