/biz/ - Business & Finance

>>25786464
The doomers will tell you price is suppressed but they have no methodology to say what the price should actually be. You make a good point, that if the powers that be were short selling futures naked then the naked short would have to buy in a frenzy because of the backwardation, bidding up the spot price. Nobody is manipulating the price. One thing people ignore is the fact that so much gold mined many years ago is still in circulation, just not accounted for because who wants to report to their government their stacks? The reality is just that it's very hard to even begin to track the supply and demand for PMs and thus very hard to determine the true fundamentals for PMs.