Some gold available at the moment
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- Cortopassi
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Re: Some gold available at the moment
I thought this article on the shortage made a lot of sense
http://www.321gold.com/editorials/moria ... 31920.html
http://www.321gold.com/editorials/moria ... 31920.html
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Re: Some gold available at the moment
Kitco has 1/4 ounce maples for about 10% premium:
https://online.kitco.com/buy/3101/1-4-o ... -9999-3101
https://online.kitco.com/buy/3101/1-4-o ... -9999-3101
Re: Some gold available at the moment
Hate to always be the one to mention but...you could buy unallocated gold from the Perth Mint. If you don't want to keep it in that form, you can pay a fee to have it fabricated into coins or bars, then have it shipped to you. Voila.
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Re: Some gold available at the moment
I'm trying to recall what a reasonable coin premium is under quiet conditions. Look at my transactions log, 3.2% to 3.7% seems to jump out at me. Does that sound right?
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Re: Some gold available at the moment
Yes, that sounds reasonable for a 1-ounce coin.
Smaller coins have higher premiums, of course.
- dualstow
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Re: Some gold available at the moment
Since the data breach didn't (ultimately) phase you, that will probably be the way I go when I have the funds. Perth Mint storage.
Re: Some gold available at the moment
Is there consensus on whether Perth Mint unallocated gold is preferable to AAAU?
- dualstow
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Re: Some gold available at the moment
Coronavirus Sparks a Global Gold Rush
Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium’
https://www.wsj.com/articles/coronaviru ... 1585332624
And yet, it's not worth $2000.
Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium’
As the coronavirus pandemic takes hold, investors and bankers are encountering severe shortages of gold bars and coins. Dealers are sold out or closed for the duration. Credit Suisse Group AG, which has minted its own bars since 1856, told clients this week not to bother asking. In London, bankers are chartering private jets and trying to finagle military cargo planes to get their bullion to New York exchanges.
It’s getting so bad that Wall Street bankers are asking Canada for help. The Royal Canadian Mint has been swamped with requests to ramp up production of gold bars that could be taken down to New York.
Caption under an ingot reads WORTH ITS WEIGHT IN PURELL.“When people think they can’t get something, they want it even more,” says George Gero, 83, who’s been trading gold for more than 50 years, now at RBC Wealth Management in New York.
https://www.wsj.com/articles/coronaviru ... 1585332624
And yet, it's not worth $2000.
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Re: Some gold available at the moment
That depends on what you mean by "worth".dualstow wrote: ↑Fri Mar 27, 2020 2:21 pm Coronavirus Sparks a Global Gold Rush
Epic shortage spooks doomsday preppers and bankers alike; ‘Unaffordium and unobtanium’
As the coronavirus pandemic takes hold, investors and bankers are encountering severe shortages of gold bars and coins. Dealers are sold out or closed for the duration. Credit Suisse Group AG, which has minted its own bars since 1856, told clients this week not to bother asking. In London, bankers are chartering private jets and trying to finagle military cargo planes to get their bullion to New York exchanges.
It’s getting so bad that Wall Street bankers are asking Canada for help. The Royal Canadian Mint has been swamped with requests to ramp up production of gold bars that could be taken down to New York.Caption under an ingot reads WORTH ITS WEIGHT IN PURELL.“When people think they can’t get something, they want it even more,” says George Gero, 83, who’s been trading gold for more than 50 years, now at RBC Wealth Management in New York.
https://www.wsj.com/articles/coronaviru ... 1585332624
And yet, it's not worth $2000.
If you can't get it, what is it worth?
- dualstow
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Re: Some gold available at the moment
I should have said, “priced at $2000.” But, let’s see where we are in June. I say higher.