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Physical gold still selling for $1500/ounce and silver 27/ounce!!!!

 
Canada Rules
User ID: 29188606
Canada
04/20/2013 02:29 PM
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Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
Gold is selling at $1500/ounce. All bars 10z and over are sold out. Only overpriced gold coins are available for sale. What does this mean???????????

[link to www.scotiamocatta-estore.scotiabank.com (secure)]
Canada Rules (OP)
User ID: 29188606
Canada
04/20/2013 02:31 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
Gold is selling at $1500/ounce. All bars 10z and over are sold out. Only overpriced gold coins are available for sale. What does this mean???????????

[link to www.scotiamocatta-estore.scotiabank.com (secure)]
 Quoting: Canada Rules 29188606


My bad 1oz and over not 10oz. This is insane people.
Anonymous Coward
User ID: 1903526
United States
04/20/2013 02:43 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
that is such a low price, must mean things are stabilizing globally as we enter the 1000 years of peace on earth which will make gold worth less than copper.
Anonymous Coward
User ID: 38536312
United Kingdom
04/20/2013 02:45 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
I bet you cannot buy a Toz of physical .9999 silver for less than $32!
Anonymous Coward
User ID: 38561079
United Kingdom
04/20/2013 02:45 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
Try going to auctions and buy "Scrap gold" (Old broken/unfashionable gold jewellery etc) :)
Anonymous Coward
User ID: 38560871
United States
04/20/2013 02:50 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
Where the hell are you getting silver that cheap?
Anonymous Coward
User ID: 30728507
United States
04/20/2013 03:10 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
I heard about a shortage a few days ago but I never believe that propaganda because it's always for sale online at kitco.

HOWEVER when I looked, Canadian rounds were not even available Thursday at kitco's website - that is a new one as far as I know. Their inventory looks like it got demolished. They have them again now, but you still have to pay $30 an ounce.

So to me, prices are pretty much unchanged from eight months ago. It's like there is a new divergence between paper contracts and physical bullion now. That was predicted by the experts for YEARS. Now they are finally right, for the time being...

That is almost a $7 premium for physical silver ounce which is the highest I have ever seen it.

You could buy a Canadian Maple leaf for $10 total for a while back in 2009. Now the new premium is almost $10!!!

Wow.
Anonymous Coward (OP)
User ID: 29188606
Canada
04/20/2013 03:26 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
Does this mean gold prices will be going higher from now on??? 1370 was the bottom.
Anonymous Coward
User ID: 30728507
United States
04/20/2013 03:51 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
It will never go to zero - that much is 100% certain.
Anonymous Coward
User ID: 38548661
United States
04/20/2013 03:55 PM
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Re: Physical gold still selling for $1500/ounce and silver 27/ounce!!!!
Jim Willie forecast this divergence.

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