by Kenneth Schortgen, Shotgun Economics:
With the economic slowdown (some may say collapse) entering its second month, few asset classes are coming out unscathed in the financial destruction. Yet as expected, the single commodity that is exploding upward is of course gold.
But with this in mind there is an even bigger scenario in play beyond simply the price of gold going up, and that is not only the disconnect between physical and paper gold, but also between the futures price and the spot price.
April 13 2020: Gold prices for paper and physical
Spot Price: $1716