Loading ...What if I buy an option on a DOW stock? What if I buy any of the Buffet stocks? What if I buy a new car? How about a vacation home? In Hook’s view that is all money that could and should be spent buying PM coins and/or mining stocks. However, anyone that desires bullion can buy it at will right now…providing that they have the funds to do so. Hook obviously believes that PM’s would be much higher in price today if all goldbugs eschewed everything but the real McCoy. Gold is traded world wide and if you truly want physical there is little to stop you from so doing. But, gold is trading for much less in price then we thought and still think it should be at. How to explain that? Well, let’s get a convenient crutch and blame it on option and etf traders. We can’t figure out any other reasons.
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