The gold paradox
RF
are selling for more than they did one year ago.
Bruce Remick
"RF" <R...@invalid.invalid> wrote in message
news:gehh34$bma$1...@registered.motzarella.org...
> Gold costs less now than it did one year ago yet on eBay bullion coins are
> selling for more than they did one year ago.
Gold ingots, though, can be had for much closer to spot prices. Apparently
there's a lot more "collector effect" built into the gold Eagles than one
might have thought. St. Gaudens twenties also seem to be priced about as
high as they were when gold touched $1,000. Nothing makes sense anymore.
Mike Marotta
> Gold costs less now than it did one year ago yet on eBay bullion coins
> are selling for more than they did one year ago.
With physical gold harder to come by, dealers are reluctant to sell at
current prices.
Dealers have raised the margin on all popular coins.
This happened also when gold fell to $250 per ounce about 10 years
ago.
The feeling is that the "correct" price of gold is $900 to $1000 and
the
current "spot" price is a gimmick of the central banks.
From Hitchcock's "39 Steps" and "The Man Who Knew Too Much" to Robert
Ludlum's "Jason Bourne" stories -- and don't forget "Illuminatus!" --
everyone loves a good conspiracy. Fictions or not, how you value gold
depends on how you value the dollar, the euro and the yen.
Most coin dealers are willing to hold on their gold unless they can
get a higher price.
RF
news:b80975ce-a935-4b04...@v13g2000pro.googlegroups.com...
>From Hitchcock's "39 Steps" and "The Man Who Knew Too Much" to Robert
>Ludlum's "Jason Bourne" stories -- and don't forget "Illuminatus!" --
>everyone loves a good conspiracy. Fictions or not, how you value gold
>depends on how you value the dollar, the euro and the yen.
I blame the B.P.O.E.!
Jud
RF wrote:
> I blame the B.P.O.E.!
I see that you have made a common mistake. Its the Loyal Order of
Moose, not the Elks! 8-)