Could $500/oz Gold Premiums Be In Our Near Future?

According to Jim Willie they may be. Jim appears to have some contacts in Dubai that are telling him, like everywhere else, there is no gold/silver available. The interesting part is that his contact says gold premiums could rise to $500-600/oz over the next couple months for gold in volume. He also mentioned to Jim that silver in volume is already commanding $25/oz premiums.

Can’t say this is very surprising as the separation between paper and physical metals continues.

See article here.

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