Gold and Silver Futures in backwardation....

[Turk]

In the seventies I was one of the people who headed to the bush to escape the imminent collapse of civilisation.

Yep, Lavender Flares and Miller Shirts.... (shudder)

 

[Guest]

Thanks for sharing JulieW. I had no idea it was that bad, none whatsoever!

 

[Ozboy]

Backwardation shows a lack of physical selling into the market to cover the paper turnover

There comes a time when people will not be willing to sell gold at any fiat price - these little flutters of backwardation is showing that corperate and government holders of physical are becomming more reluctant to sell

http://www.financialsense.com/contributors/pater-tenebrarum/backwardation-in-gold-and-silver

The link seems to be broken.

 

[Ozboy]

...In the seventies I was one of the people who headed to the bush to escape the imminent collapse of civilisation. As you have probably noticed, it didn't happen. Same thing this time, the worst won't happen, but something else might. So I'm trying to use the lessons I learned then this time around. And the lessons then were metals bull, massive inflation, lots of unemployment, real assets holding wealth and political repression. If I was in the USA I'd leave. If in the UK I'd try and get into Australia and if in Europe I'd try and move to the wealthy bit....

p.s. http://therealasset.co.uk/gold-investment-quintet/
These are the people who know the most about the metals markets imho.

1970's vs 2012+

Different fish in a different kettle.
We should be smarter, but we are not smarter!
We have all bred like rabbits!!

Beware of Normalcy Bias,
because may we be that frog,
sitting in that water,
over that flame!!

I'm gonna sell up and write my own Tales Of The South Pacific.
Who wants to join me?

Hmmm, your certainly not the first person I've spoken to who's thought of doing that. 2 quick questions... Are you poking at this option seriously and if so, what are your thoughts as to where is preferable?