The gold market is now breaking down. It is impossible to settle COMEX gold futures trades as dealers are unable to secure or transport suitable gold bars to settle against the contracts. While the collapse in air travel is playing a role in the disruption to the gold market, I would argue that the entire leveraged financial apparatus that has manipulated the gold futures markets for decades is unraveling.
The ultimate protection is to hold your own gold physically and not rely on “paper gold” such as ETFs, gold stocks, gold futures, or gold OTC derivatives. The safest way to buy physical gold is to buy gold coins that are certified by a reputable coin grading service, such as PCGS or NGC. I predict that the Premium Over Melt will blow out over the course of 2020, as the true magnitude of the crisis continues to unfold
Selection of platinum nuggets. JAMES ST. JOHN, WIKIMEDIA COMMONS
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