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Strategies & Market Trends : Ride the Tiger with CD

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To: Claude Cormier who wrote (136622)11/15/2008 7:16:15 PM
From: Proud Deplorable  Read Replies (3) of 313075
 
Ah Gee Claude...this just in.....sort of proves you are not up on the subject

istockanalyst.com

"The Canadian Mint, Austrian Mint, and other World Mints are waiting for 1,000 ounce Gold and Silver Bars so they can mint coins and fulfill backorders. Even bars are in extremely short supply.

3. As we write this letter, the wholesale premiums for Gold and Silver Bullion coins have risen to the highest levels we’ve ever seen. Despite strong bids, none of our clients are calling us to sell physical coins or bars during the financial panic. They realize their reasons for owning physical gold and silver are coming to fruition.

4. By contrast, Gold and Silver futures prices are way down this week. This is a paradox that clearly indicates the financial crisis has spilled over into the futures markets for precious metals. What we like to call the “paper” Gold and Silver market is just that- bets on the movement up or down. Right now, the price to really buy a physical Gold or Silver coin is far higher than the futures price.
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