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Additional resources for earning interest in gold

3 responses to “The Prodigal Parent, Report 9 Dec 2018”

  1. Keith,

    Your above essay, “The Prodigal Parent”, is an outstanding discussion of asset yields and how they affect prices as well as their role in the destruction of capital. It should be required reading for anyone wishing to understand present day economic conditions. Thank you.

    I know that you are being facetious but I wish that you would stop using the contradictory misnomer “naked short (selling)”. So long as there is a futures market for a good/commodity – as for example Bitcoin – under U.S. commodity futures laws there is no such thing as selling naked: the futures markets are structured so as to accommodate an infinite number of buyers/sellers, something that certain self- styled market experts fail to recognize in their irrational attempts to explain market behavior.

  2. Hi Keith,

    Can you expand on the mechanics of the Palladium shortages that some analyst claim exposes the absurdity of LBMA un allocated contracts, which allow claims on metal to be created without limits, hence the situation where Palladium leases rates now run at 27% / month and 19.77% for 3 months? I understand longer metal leases are paid in metal if not otherwise agreed upon.

    Looking forward to your views on the palladium issue, is it the canary in the London market?

    regards
    Frank

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