from Kitco NEWS
There is no shortage of gold out there, but there are some serious “physical bottlenecks” for certain gold products that are just sitting in wrong locations, Scotiabank said in its latest update.
“If there were a major shortage of physical gold, spot gold prices would be trading at a premium to futures prices, which is not the case,” Scotiabank commodity strategist Nicky Shiels said on Friday.
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