Sunday, May 4, 2014

Insatiable Demand for Physical Precious Metals

That backwardation has been happening as long as it has, and we are hearing these reports about old bars coming out of the deepest recesses of various (Western) vaults -- these are bars that were marked and minted back in the 1960s or before -- so the easy-to-get at gold is gone. And now they are starting to go in to the deeper reaches of the vaults to get material out to keep feeding the (physical) market because the demand is insatiable for physical metal down here at these low prices.

- James Turk via a recent King World News interview, read more here.