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Bill Stack: The gold vs. paper breakout
By Bill Stack
U.S. Gold Bureau, Leander, Texas
Thursday, April 30, 2020
Gold seems to be breaking away from what has held it back for years -- its lighter, paper cousin.
There has been a developing disconnect lately between the price of actual gold (atomic symbol Au), and the price of paper that represents gold.
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One of the reasons for this is that there is a limited supply of actual gold available vs. a nearly inexhaustible supply of paper or digital gold normally used to suppress the price of gold.
Pressures have been building to the point that some banks that were the largest lenders and traders in the gold sphere are shutting down their precious metals operations. One of the most significant players in this space to do so, with history going back to the 17th century, is Scotiabank. ...
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