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To: stickywillie

The price for physical is what you pay in the free market...not some stupid quote for pieces of paper that supposedly represent gold that may or may not exist in the possession of the entity selling the paper.

A good indication that the price is being manipulated is how the U.S. Treasury Dep’t has been running out of coins to sell...and when they’re in stock, there is a nice premium to pay above the paper price for the precious metal.

For example, they were charging a 40% premium on 1/10th ounce coins about a month ago. I’d contend that the premium more accurately reflected the true value of the physical gold than the spot price for paper claiming to represent gold. After all, the paper could be worthless if you have no way to convert it into physical gold because the seller can’t or won’t deliver.


27 posted on 06/25/2013 8:24:38 PM PDT by peyton randolph (Tagline copyright in violation of Directive 10-289)
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To: peyton randolph

You are giving bad advice. Go to tulving.com or any physical seller to be cured of your ignorance.


62 posted on 06/25/2013 9:21:21 PM PDT by Atlas Sneezed (Universal Background Check -> Registration -> Confiscation -> Oppression -> Extermination)
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To: peyton randolph

I would agree.


69 posted on 06/25/2013 10:04:28 PM PDT by Jet Jaguar
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