Quote Originally Posted by Half Sense View Post

We can't know the true value of gold because there is no market for price discovery on gold.
http://www.nygoldcashers.com/wp-cont...ld-commack.jpg

We "discover" the price for our gold whenever we walk into our local dealer and offer to sell it. ALL the dealers use Kitco as "THE PRICE" for that hour and day when they buy.

The notion that our physical has "true value" more than the Kitco paper price is quaint but a delusion.