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signs of panic buying in europe -gold & silver, page-17

  1. 2,755 Posts.
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    Are you really sure about that, I mean really really sure?
    Can you give any links that support that statement?


    It's not an accurate statement. As far as I'm aware CGT would still apply, there is though some sort of exception I believe for coins under $500 (or something to that effect).


    In regards to the original topic it looks like the physical rush is starting to take it's toll on supplies outside of Europe:


    The telephone has not stopped ringing at the Rand refinery in South Africa this week.

    Panicking German dealers and banks have been desperate to get their hands on krugerrands, the world's most popular gold coin.

    "We have some extraordinary sales to German customers," says Deborah Thomson, the Rand treasurer. The refinery, which usually sells 2,000 coins to each customer at a time, says that last week it received an order from one German bank for 30,000 coins. Another bank requested 15,000 coins.

    Link
 
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