Why a Spike in the Price of Gold Futures Matters for People Buying Toilet Paper in Nebraska | Josh Crumb

In Episode 129, Demetri Kofinas speaks with Josh Crumb, founder & CEO of Abaxx Technologies and the former head of metals strategy at Goldman Sachs. The two discuss a curious case of backwardation on the COMEX where the price of gold in near-dated futures expiring at the end of March spiked by almost 10% last week to $70 an ounce above the cost of physical. Josh explains what really happened, how disruptions to global supply chains caused by COVID-19 factor in, and why it matters to you.

Om Podcasten

Get the edge with Hidden Forces where media entrepreneur and financial analyst Demetri Kofinas gives you access to the people and ideas that matter, so you can build financial security and always stay ahead of the curve.