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Von Greyerz | Gold Switzerland

Why Can’t I Buy Gold at Spot Price

The simple answer is that only those banks and institutions within a highly selective association of member banks can purchase gold at the spot price. The dealers who represent those members must then charge a mark-up on the spread from the buy and sell prices in this market. These spreads, and hence charges, can increase as gold supply tightens against rising gold demand.

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VON GREYERZ_Gold In a Trump Era Rock Still Beats Paper

Gold In a Trump Era: Rock Still Beats Paper

Needless to say, Donald Trump recently won the US election, and as JFK Jr. said of this “impolitic” figure, a “revolution” is coming. Depending on one’s politics, such a “revolution” is either music to one’s ears or the potential for “fascism American style.” Good grief… Nothing written here or elsewhere will change the polarized opinions of those who have long ago picked their right or left camp (or pejorative), so there will be neither gloating nor hand-wringing here.

Matthew Piepenburg
November 17, 2024
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