Why Premiums so High now over Spot Market Price?

[LawrenceChard]

11 hours ago, SidS said:

All this push for green energy and we get back to fracking... I dunno, seems counterproductive, no?

I used to drive past the Preston New Road protest site at least twice a week.

There was always a police presence, and protesters on both sides of the road, day and night.

The affected section of the 4 lane main road, a 50 limit, was coned to turn it into 2 lanes, with a 30 limit. Even then, there were sometimes protesters straying into the path of cars for some reason, and I am surprised there were no accidents, injuries, or even fatalities.

Next thing you know, they will be back holding "No more fricking fracking" placards...

... and I will get banned from TSF!

😎

[Bigmarc]

1 hour ago, LawrenceChard said:

and I will get banned from TSF!

I thought you owned it. 

[CANV]

Fracking will be fine if it’s the coldest winter for 200 years.  Alas that will be 5 years too late 

[very452001]

Now the £GBP Pound currency is collapsing its gonna make precious metals more expensive because precious metal commodities are originally priced in the world reserve currency that is the $dollar 1st on the international markets, then from there convert the weakening £ to stronger $ then it becomes more expensive for gold/silver for uk buyers even though precious metals are coming down in price in $. Its mad.

So shall we wait and hope can the £gbp fiat currency recover to $1.20 cents then buy gold/silver or let the $dollar strengthen more causing gold/silver to drop more in $dollar price? Which way is the cheapest for uk buyers?

[CANV]

On 26/09/2022 at 19:31, very452001 said:

Now the £GBP Pound currency is collapsing its gonna make precious metals more expensive because precious metal commodities are originally priced in the world reserve currency that is the $dollar 1st on the international markets, then from there convert the weakening £ to stronger $ then it becomes more expensive for gold/silver for uk buyers even though precious metals are coming down in price in $. Its mad.

So shall we wait and hope can the £gbp fiat currency recover to $1.20 cents then buy gold/silver or let the $dollar strengthen more causing gold/silver to drop more in $dollar price? Which way is the cheapest for uk buyers?

it won't matter too much.  if the USD bull run is over then commodities will usually rise in price v the dollar, sliver and gold especially.  but due to sterling rising as well we won't notice the difference as much here.   and of course the opposite applies. 

you could almost make an argument that sterling is on a de facto silver standard !