Bill Murphy, the owner of LeMetropole Cafe and co-founder of the Gold Anti-Trust Action Committee (GATA.org), talks about the current happenings in the gold market including physical price divergence from the futures market.
With the COVID-19 crisis pricking the bond and stock bubbles, physical demand appears insatiable, causing retail metal premiums to eclipse well over 10% above spot gold prices. Further, gold's price continues to march higher during the crisis, reflecting increasing velocity of demand for the metal.
Bill and Rob also discuss the new LBMA scheme to backstop COMEX futures contracts with LBMA 400