The incident, more than like a small part of a greater whole, should give pause to the physical, paper, and gold mining markets.
The sophistication of the technique, workmanship of the execution, and the working capital required for serial production and distribution shouts "organization"!
Otoh, the hiccup should allow extended life for gold etf, and gold mines, and heavily push hoarders to coins
If it was just fake metal, I believe I can tell true gold of 9999 from anything less than 98%. The issue here is that the tungsten was wrapped in true gold and then encased in plastic wrap, and distributed by reputable dealer.
In HK most buy physical monetary gold from the bank. Gold dealerships are almost all part of publicly listed jewelry chain, and their main biz is jewelry even as they can and do, at significant markup, deal in bars.
The demand for gold would perhaps suffer for a bit over short time, because the demand for salvation is certainly necessary and real and growing. How that demand chooses to express itself is another matter.
Am bullish, now that I have engaged w/ private bespoke supplier of 98 bars.
Am now learning all about mine and mill security. The ways of stealing gold from a mill are truly ingenious. |
