Backwardation in gold is a sign that the regime of irredeemable paper money based on the dollar is coming to an end. When it becomes permanent, then gold will no longer be offered in exchange for dollars (or yuan, pounds, euro, etc.) There will be no gold “price”. In other words, paper money will be worthless.
- ZeroHedge: Don’t Trade Last Week’s Silver Story! (silveristhenew.com)
- Ted Butler: I Own Silver Because Of The Coming Silver Shortage (goldsilverworlds.com)
- Supply and Demand Metrics Suggest A Bright Future For Gold Ahead (etfdailynews.com)
- Gold: Physical Demand Vs Paper Supply (zerohedge.com)