To: ckilmer
Probably clearing out undeliverable contracts for a discount. Physical still commands a pretty good premium over spot. Seems like a buying opportunity, and the Fed still owes the Germans their bullion...
Maybe they will get it to them in less than 7 years now.
8 posted on
05/22/2013 12:50:14 PM PDT by
Smokin' Joe
(How often God must weep at humans' folly. Stand fast. God knows what He is doing)
To: Smokin' Joe
Physical still commands a pretty good premium over spot.
Not really, with premiums as low as 1% over spot for delivered gold in ample but real world quantities (20 oz.).
http://www.tulving.com/goldbull.html
I agree about the buying opportunity.
The smart saver puts some savings in on a regular basis, and doesn’t mind if the price goes up or down.
12 posted on
05/22/2013 1:01:23 PM PDT by
Atlas Sneezed
(Universal Background Check -> Registration -> Confiscation -> Oppression -> Extermination)
To: Smokin' Joe
Read what Egon von Greyerz told Eric King on King World News about physical gold. There is a huge disconnect between physical and ETFs.
19 posted on
05/22/2013 1:37:08 PM PDT by
badad
(Oh how long will suffer this fool O.)
To: Smokin' Joe
Physical still commands a pretty good premium over spot.<<<
Wanna get rich?...lol..deal in the premiums...and save your gold!...if gold goes to $600 it will match the premium....The fed cant fix the free side of a trade
30 posted on
05/22/2013 8:56:46 PM PDT by
M-cubed
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