A bit more anecdotal evidence that the paper price STILL does not represent the physical demand:

A friend of mine who I finally convinced to buy some gold and silver could not get through to a representative from Northwest Terrirorial Mint for 3 days. She left a message but did not get a call back for for 3 days.

She could also not get an answer from anyone at the Perth Mint for 3 days.

My father, who ordered some bullion in mid-July from NWTM, still has not received his order. The original delivery date was scheduled for last week, so there are delays beyond the originally-anticipated delays.

I maintain that the current prices still are not reflective of supply and demand, and we are goign to see another series of explosions to the upside to reach this equilibrium in the near term.

Hysteria