permanent gold backwardation

[gjest]

These 'competent' and 'honorable' gentlemen at the helm are complete ignoramuses when it comes to gold. They have no notion of the erosion of the gold basis and the irresistible march of the gold futures markets into the death valley of permanent gold backwardation. When disaster strikes, gold will not be available at any price.

- Antal Fekete -

http://www.zerohedge.com/news/antal-fekete-responds-ben-bernanke-gold-standard