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John Kim: The persistent gold and silver price illusion
12:23p ET Sunday, April 25, 2020
Dear Friend of GATA and Gold:
While Voima Gold's researcher Jan Nieuwenhuijs argued last week that coin demand has little relevance to the prices of gold and silver --
-- market analyst John Kim argues today that the commonly quoted "spot" prices of the monetary metals have no relevance at all when metal really isn't available to the public at those prices and that coin prices are the only relevant monetary metals prices if coins are the only form of metal the public can obtain.
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As a result, Kim adds, the real gold price is above $1,900 per ounce, the real silver price is nearly $26 per ounce, and the gold-to-silver price ratio is not the 125-1 ratio derived from "spot" prices but the 74-1 ratio derived from coin prices.
Kim's commentary is headlined "The Persistent Gold and Silver Price Illusion" and it's posted at his internet site, Maalamalama.com, here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee
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