There is a tremendous disconnect between the price of "Paper" gold and the price of "Physical" gold that is not being widely reported (especially on CNBC).

See it for yourself. Go to Kitco and look at click on the tab for their Precious Metals Store. Under "complete bullion products", they only have 3 selections where there once used to be over 20 (bars, Maple Leafs, Krugs, Eagles, Buffalos, etc.)

Also, junk silver is extremely scarce as well. And where it can be found, there is a huge premium. Silver spot closed at $9.68, but if you were to go out to eBay and search on "Roosevelt Dimes", a roll of '46-'64s are bid up to well over $50.00!!!! At that premium, silver would have to be well over $16.00 oz.

The physical market is telling the true story.