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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 411.50

+0.6%

Jan 8 4:00 PM EST

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To: TobagoJack who wrote (5485)	4/11/2006 7:13:16 AM
From: critical_mass	Read Replies (3) of 219150

I visited the gold dealer today and went through the routine. The dealer had some interesting information: 1. Krugerrands are the most popular gold coin and maple leafs are the most popular silver coin. Gold bars are popular also. 2. Value added tax applies to Silver at a reduced rate and Platinum at the full rate for both coins and bars. 3. Business has been steady since May, 2005 and although gold's flirtation with $600 has been interesting, the last few weeks has not seen a huge upsurge in business. 4. There is a new "Philharmonic" series of gold coins from Austria that is apparently very popular with the Japanese. According to this dealer, Austrian coin dealer are completely sold out due to huge Japanese demand. (Do anyone know about these coins?) 5. The major banks have mostly exited the gold coin business in this part of Germany. Apparently, the margins and demand are insufficient to make the trade profitable. It would not surprise me to see a pullback in the price of physical gold, but I plan to hang on for more than a year.

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