Science Friction

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To cite, for the umpteenth time, my Why Crypto Is Better post, I present to you the image below. As we all know, bullion is sold out in many places, and it is no different in the Bay Area’s large dealer Pacific Precious Metals. One would think, then, they would be delighted to pay top dollar for it, but:


A 15% spread!?! Can you imagine if a stock traded for 100 by 115? No one would trade it! So, yet again, we see how grotesquely inefficient this market is, which perhaps explains why precious metals suck so much lately.