Anonymous Coward User ID: 37915079
United States 04/15/2013 10:23 PM Report Abusive Post Report Copyright Violation | Proof that Physical Metal is bought out, from Forbes check it out ! Titled "The Disconnect Between the Physical and Paper Gold Market" A massive price decline in gold is not news in and of itself, the precious metal markets are notoriously fickle. What is news, however is the large disconnect between precious metal paper prices, and the continuing boom in the buying of physical gold and silver in the form of bullion and coins. The futures price free fall notwithstanding, small to medium-sized investors still want to own. Just as gold and silver prices were hammered, U.S. Mint bullion coins were doing a brisk trade. According to CoinNews.net sales of gold bullion coins rose a whopping 39.6 percent last week, compared with the previous week, while American Silver Eagles saw a 10.8% increase. Gold coin sales for April have already reached 57,800 ounces, approaching total sales for March before the month is even half over. [ link to www.forbes.com] |
Anonymous Coward (OP) User ID: 37915079
United States 04/15/2013 10:53 PM Report Abusive Post Report Copyright Violation | Re: Proof that Physical Metal is bought out, from Forbes check it out ! Titled "The Disconnect Between the Physical and Paper Gold Market" |
stinky1
User ID: 17905748
Canada 04/15/2013 11:09 PM Report Abusive Post Report Copyright Violation | Re: Proof that Physical Metal is bought out, from Forbes check it out ! Titled "The Disconnect Between the Physical and Paper Gold Market" Quoting: Anonymous Coward 37915079  the two dealers I use in Canada have limited stock. Maples are gone from one. Prices are high. I just bought some rounds for the first time. Oh well it's still silver instead of fiat. I watched and watched all day, the price never budged with the paper crash. Physical is steady. A couple more days or even one and I say there is nonne left anywhere. We will see. |