"Paperari” is a portmanteau of “paper” and perhaps “literati,” forming a word that resembles “paparazzi.” The term comes from the precious metals blog Jesse’s Cafe Americain and the article “Gold Daily and Silver Weekly Charts - The Misguided Paperati and Bifurcated Markets,” published on September 16, 2015 and reprinted on several other financial blogs.
The article included a picture of an aristocrat, dressed seemingly out of Louis XIV-era France, who states, “Gold! instead of MY paper! UNACCEPTABLE!”
“Paperati” is a class of person who accepts paper claims on gold and silver over physical claims.
Jesse’s Cafe Americain
16 SEPTEMBER 2015
Gold Daily and Silver Weekly Charts - The Misguided Paperati and Bifurcated Markets
The gold market in particular seems to have bifurcated, or split into two: one market for largely paper speculation and high leverage, and another for the purchase and distribution of actual physical bullion.
Speaking of the pampered paperati, the FOMC will be giving us their pronouncement on interest rates tomorrow afternoon. It will most likely be an exercise in cognitive dissonance, no matter what they do.
The Burning Platform
The MIsguided Paperati and Bifurcated Markets
Posted on 16th September 2015 by Administrator
Guest Post by Jesse
The Misguided Paperati & Bifurcated ‘Gold’ Markets
Submitted by Tyler Durden on 09/17/2015 18:30 -0400
Submitted by Jesse via Jesse’s Cafe Americain,
New York City • Banking/Finance/Insurance • Thursday, September 17, 2015 • Permalink