Spot prices for gold and silver have really been on a run recently, both hitting new nominal highs, with silver out pacing gold significantly. However, gold remains some 40% below its inflation adjusted high of $2,400 while silver is a staggering 70% below its inflation adjusted high of $130.
According to a recent article in the Financial Times refiners are operating three shifts in order to smelt bars. Strangely, these are not their usual LGD, 40 Oz bars for banks and traders. They are melting those, into smaller 1 KG ingots for retail investors.
With an estimated one percent of global wealth allocated to gold, it seems that the yellow metal is being disbursed wider than ever.
