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Gold/Mining/Energy : Gold Price Monitor

GDXJ 101.44

+3.5%

Nov 12 4:00 PM EST

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To: Bobby Yellin who wrote (4942)	12/30/1997 11:11:00 AM
From: The Vet	Read Replies (1) of 116756

Bobby did you take note of this << Price premiums for ten tola (TT) gold bars in the Dubai bullion market have risen due to local shortages and a change in Indian tax laws that is expected to lead to a move to the yellow metal, traders said on Sunday. Premiums for the benchmark TT bar - 3.746 ounces of 24 carat gold - were quoted by traders at $5-6 over international spot prices, compared to a typical premium of just $1.35. >> It seems that we are starting to see a two tier price system. One price for "paper" gold and a significantly higher price for the real metal. I have noticed price premiums on gold and platinum bullion coins lately have gone up when compared to the quoted spot price as well.

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