GOLD 0.51% $1,391.7 gold futures

physical gold price at a 30 percent premium

  1. 3,045 Posts.
    "Banks in Europe, if they can find any, are willing to pay 10 percent to 15 percent over gold spot to buy Krugerrands or sovereigns. In the United States on Monday, some dealers were bidding well over 30 percent over intrinsic value to purchase immediate delivery silver coins or ingots. There are many reports of retail buyers paying more than double silver value to acquire U.S. silver American Eagles in recent days."

    http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=5455

    Sounds like the price of gold will go to the moon. Holding down the paper gold price will just not work forever. Physical demand is skyrocketing as is the price. Economics 101 will tell you abnormal profits are not
 
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