Physical gold neutralized by ‘paper trap’ and banking monopoly, Saifedean Ammous says - KITCO

Saifedean Ammous is right about the "paper trap" and banking monopoly, but he's missing the critical detail: this doesn't neutralize physical gold, it validates it. The system tries to dilute value with endless paper contracts, keeping spot artificially suppressed, which is a buying opportunity for anyone stacking real metal. This manipulation is precisely why your physical stack is the only true hedge against a system built on debt and derivatives.

The paper market’s leverage is staggering, with often hundreds of paper ounces traded for every ounce of physical metal held in COMEX vaults. This isn't neutralization; it's a mechanism that allows smart money to accumulate physical at a discount. Gold is currently at 4412.85, and silver at 68.41. These are prices that would be far higher if true supply and demand were allowed to dictate terms, not paper. The gold-silver ratio is still 64.5:1, indicating silver remains significantly undervalued by these same paper dynamics.

Don't fall for the narrative that physical is powerless. Keep watching that stack as the gap between the paper price and the reality of physical scarcity continues to widen. Real assets always win in the end, regardless of how much paper is thrown at them.