A Healthy Dose Of Reality? Tony Baird Of Baird And Co
Posted by commoditywatch on November 19th, 2008
Many dealers are reporting this to be the busiest bullion markets have been in living memory. There is almost no supply of gold and silver coins and bullion bars; there are multi-week waiting times for delivery of metals, but is there a shortage of actual metal? Why the unprecedented retail demand for physical metal and yet price declines in the futures markets? Is there a deliberate conspiracy to suppress the price of metals on the Comex?
In this CWR Dominic Frisby talks to Tony Baird, founder and boss of Baird and Co, the UK's biggest independent coin and bullion dealer, and finds out his views of what is really going on in the precious metals markets.
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November 19th, 2008 at 7:29 am
Tony Baird talks a lot of sense.
It seems that the original spike to $1000 was caused by manipulation - ie hedge funds buying on borrowed money - and the Comex paper price falls are just the unwinding of this manipulation.
Physical buying shows no signs of abating, and as bank shares teeter on the edge of zero, more people, particularly those with cash, seem to be converting to gold.
November 19th, 2008 at 9:33 pm
Nice one. Some good simple clarity here. It is time that some of those “refiners and insiders are manipulating the market” ideas be looked at with a greater reality. Many who hold physical, simply want to hedge the price risk while they hold it- what’s wrong with that?
There’s a decent discussion going on GEI about this interview.
February 8th, 2009 at 3:35 pm
greetings from new zealand and best wishes to you all…. cheers Tony Baird
February 22nd, 2011 at 5:32 pm
Love the Baird and Co bullion bars! Have just ordered some silver.