From $1,300 Tiger Penis To $800K Snipers: The Complete Black Market Price Guide

http://www.zerohedge.com/news/2015-08-13/1300-tiger-penis-800k-snipers-complete-black-market-price-guide

Bitcoin Prices Plunge on Bust of Online ‘Black Market’

Buyer beware.

http://www.bloomberg.com/news/2013-10-02/bitcoin-prices-plunge-on-bust-of-online-black-market-.html

Greece outlawing cash transactions

As part of their movement toward "austerity", the Greek government is outlawing cash transactions and levying higher taxes, including enacting a value-added tax (VAT), increasing the capital gains tax, and repatriated funds. They are also cutting wages of some state employees by 50%.

In essence, they are trying to eliminate the black market, while shutting down their borders from further capital flight. This is the playbook for bankrupt sovereign governments. US citizens take note--this movie will be playing in a theatre near you.

http://globaleconomicanalysis.blogspot.com/2010/02/greece-outlaws-cash-transactions-above.html

Gold in backwardation--again

If the title of this blog entry appears redundant, it's because it is. Gold appears to be in backwardation again this Friday evening / Saturday morning, as the spot price exceeds the forward contract--only this time the premium is not a few cents, but $4. Obviously, there's a shortage of the physical inventory overseas.

Gold in Vietnam has persistently been priced at a premium above spot from $20 to as high as $60, a sure sign the black market is thriving.