The Comex Price For Precious Metals Is Irrelevant

This is my thoughts and opinions on why I personally feel the comex price for precious metals is irrelevant

Category:

Education

Tags:

• silver
• gold
• bullion
• money
• comex
• default
• federal
• reserve
• fed
• bernanke
• geithner
• government
• bailout
• ron
• paul
• inflation
• deflation
• taxpayer
• dollar
• economic
• crisis
• collapse
• amero
• nwo

[Silverbuzzsuccess]

I agree that Comex prices are not the real price for the metals, but I disagree that the premium prices are the market value of the metals. Several variables here. This is good observation but not conclusive by any means regarding market price. Shops never loose that's why they impose premiums. . But Premiums vary from shop to shop so there's NO WAY you can label premiums the FINAL actual market price of metals. Faulty logic here. Its the free market in action. But not final market price!!

[XonixRogotta]

@Silverbuzzsuccess

Ultimately what i'm saying is the real price is whatever someone is willing to pay for it as long as both parties involved in the transaction agree. Also i'm not saying that, that's the final price as the determined price in that moment in time will vary from person to person and from seller to seller. For example if premiums are too high and nobody wants to buy then sellers will be forced to adjust their price to whatever point it takes for people to be willing to buy.

[janius777]

IMO this is not just a "little scam" - the downward manipulation is key for reflation and low interst rates - the default of bullion banks would be ENRON multiple xxx

Paper metals and physical today are near to represent entire different worlds or dimensions and according to experts it is estimated that AU/AG is traded MULTIPLE 100! times the underlying physical - we just can imagine what could and eventually will happen when this fact gets out to the public one day

[XonixRogotta]

@janius777

It's frustrating yes, i wish the price of gold and silver was what we the people decide. What frustrates me more is that the government knows about the manipulation of the price of gold and silver and they don't care and do nothing. This of course is because government wants us to use paper money and not gold or silver. Governments can't print gold, that's why they don't like it.

[XonixRogotta]

Ultimately the spot price is whatever we the people decide it is. As they say, something is only ever worth what someone else is willing to pay for it. Thanks for all the comments.

[TheBlitz1]

Why didn't the government tell the fed to raise its stupidly low interest rates in order to correct the housing bubble before it was created? Because its an intentional scam to get people to speculate. The elites force the government to loan people money at low interest so people will take more risks and gamble, then when they raise interest rates, nobody can get any more money to gamble, and they have no money to pay off there failed bets. Who takes the bets? Wall Street! Its a scam!

[chert95]

Well, the null position is that PMs are not manipulated and it takes a good amount of evidence to justify leaving the null position.

[Exposethefrauds]

Dont go to rip off coin shops. Just go to apmex

[kensho3]

Of course this man is right. Paper PMs are simply a supply-side scam and bankers manipulate the price down with every trick they have. BUT, if their scam was working to full potential then the price of gold would $0.00. It would be FREE. Well, it's NOT free. And it's going up. Their manipulation is loosening and ya better buy up, people. Well done, X.

[sarahsgift1]

Great video! Thanks for posting!