> As an ex fund manager, what would you say to the theory that large financial institutions have sold a great deal of precious metal-backed securities ("paper" PMs) over the past couple of weeks to cover stock market margin calls, flooding the paper market, while the physical market is seeing shortages, indicating a price disconnect between the security and the good itself?
Plausible. I had no idea where gold even was stored back when I was speculating on it. By and large, people who speculate on the price have separated the actual assets from the claims representing ownership in them. It's normally the effective thing to do.
> What happens next?
I get the feeling the news out of the US, with its health system being what it is, is going to get worse. There's no way we avoid the news being flooded with more and more issues related to the virus.
Plausible. I had no idea where gold even was stored back when I was speculating on it. By and large, people who speculate on the price have separated the actual assets from the claims representing ownership in them. It's normally the effective thing to do.
> What happens next?
I get the feeling the news out of the US, with its health system being what it is, is going to get worse. There's no way we avoid the news being flooded with more and more issues related to the virus.