Jason Burack: Gold Paper Price Keeps Getting Smashed, Diverges Almost $200 From Price To Buy American Gold Eagles

Wall St. For Main St., Released on 2/26/21

While the paper price of gold continues to get smashed down to $1,730 despite a weak DXY (barely above 90) and the Fed’s balance sheet up almost $200 billion in only 3 weeks, prices to buy a 1 oz American Gold Eagle and other actual metal are way higher than spot price.

Gold Goes From a Star Commodity to Laggard in Shocking Reversal https://finance.yahoo.com/news/gold-d…

Newmont Mining Q4 2020 earnings: https://www.marketwatch.com/press-rel…

Jason Burack is an investor, entrepreneur, financial historian, Austrian School economist, and contrarian. Jason co-founded the startup financial education company Wall St for Main St, LLC, to try to help the people of Main Street by teaching them the knowledge, skills, research methods, and investing expertise of Wall Street. You can also find Jason’s work at his blog website at www.jasonburack.com.

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