think you nailed it there timber... the dollar spot price is set in the comex market. but the fact that there is still demand for physical yet there are more bits of paper than gold will mean an inevitable meeting of gold demand versus physical supply.
in another post you wrote before you said that money printing was not actually making any difference on inflation??
sorry mate, but when the treasury issues bonds and the fed buys them in return for monetary liquidity then there is money creation out of thin air, and this cheap money is having an inflationary result, firstly on the worlds developing economies for the carry trade, and now more so in an over inflated stock market, which has no connect with fundamentals.
you got to admit that there is a lot of manipulation and inflation of paper asset markets, caused directly by the flow in of so much monetary stimulus.... the Yanks may not have said as much, but the Japanese Abenomics clearly declared that their money printing was to grow inflation and try to get their economy growing again but making the Yen weaker on comparison to the competition.
so can you seriously state that money printing has had NO eefect on inflation?? really??
sorry bro, don't buy into that. anymore than I buy into the US recovery
