Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Claude Cormier who wrote (7435)	8/27/1999 11:30:00 AM
From: m.philli	Read Replies (2) \| Respond to of 82289

What I'm getting at is this: A huge potential market for physical gold exists in the joe 6 pack market. (whether it can be tapped remains to be seen, but a focus by the industry should be directed at this market.)If the average retail portfolio is 100,000 to 200,000 we would be interested in capturing 5 to 10,000 dollars. To tap this market, it might be wise for the industry to form a new retail trading center other than the comex where gold can be bought and stored (if desired)in smaller increments. I believe, in Asia there is a lot of trading in the small wafers. For the little guy,it seems he ends up paying a high premium to own a little gold,in coins or small bars. I'm not sure what the % is of gold bars poured by the producers, but I wonder if it might be desirable to consider a small wafer or coin blank sized new retail gold exchange that could be supplied directly from the producers who instead of pouring bars, could just as easily pour sheets which could be stamped into wafers or coin blanks. As long as they had some form of inspection to insure uniform % and value, the refining costs could be reduced. The industry could help subsidize the exchange and associated storage costs. This would allow "joe 6 pack to buy and sell his gold at a price ratio similar to the big players. We need to make it easier and cheaper for him to be involved in the purchase, sale and holding of gold. When the little guy sees the price of gold on CNBC IS $257.00 he should be able to get on the phone or internet and purchase his 20-40 ounces at the same price. If the Gold industry has to subsidize his ability to do this, it would be well worth it, if it aids in the expansion of this untapped humungous market. Anybody see anything of value in these thoughts, perhaps it's already there and I'm just not aware of it.-mike