Gold Backwardation Conspiracy Nonsense
July 24, 2013Spread the love
Now That’s Backwardation! Recall the definition of backwardation: Current price above future delivery price . There are many reasons this can happen with commodities, but the typical explanations are: temporary short-term supply shortage, expected future supply, or expected falling demand. Supposedly this can never happen with gold because " gold is money ".
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Gold Backwardation Conspiracy Nonsense