Seems to me this policy is actually quite sensible ... what we have is demand, be it investment, industrial or speculative, outstrippng supply during a period when the value of paper currency is decreasing and physical currency is increasing.

As supply remains tight and the dollar devalues, more should be paid up front. Indeed at some point in the future to buy a futures contract in PM's will not just require prepayment, but likely also require a premium be paid since the price of PM's will be projected as greater at the time of delivery.

The bizarre policies followed by the FED and ECB etc. along with the proliferation of derivatives and wild use of margin will result in completely new economic theory.

Of course when the manipulators are deposed old fashion supply/demand, law of diminishing marginal returns, proper regulation to ensure you have "perfect competition" will return to vogue.

This isn't about economics ... it is about class warfare and the bourgeousie's desire to increase their wealth at the expense of the rip van winkle population who are either sound asleep or good little lemings.

orgy