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IPFS News Link • Gold and Silver

Gold Is Now "Unobtanium"

• https://www.zerohedge.com, by Tyler Durden

One glance at APMEX pages and two things are immediately clear:

1) There is no gold or silver....

2) And if there is, the premium for physical gold and silver over paper is massive...

And the mainstream media is starting to notice as DollarCollapse.com's John Rubino points out, The Wall Street Journal just published the kind of article gold bugs dream of... Here's an excerpt:

Coronavirus Sparks a Global Gold Rush

Epic shortage spooks doomsday preppers and bankers alike; 'Unaffordium and unobtanium.'

It's an honest-to-God doomsday scenario and the ultimate doomsday-prepper market is a mess.

As the coronavirus pandemic takes hold, investors and bankers are encountering severe shortages of gold bars and coins. Dealers are sold out or closed for the duration. Credit Suisse Group AG, which has minted its own bars since 1856, told clients this week not to bother asking. In London, bankers are chartering private jets and trying to finagle military cargo planes to get their bullion to New York exchanges.


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