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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Maika who wrote (73716)	7/20/2001 3:23:15 PM
From: Horgad	Read Replies (1) \| Respond to of 116856

This might be an indication of the scarcity of real gold as compared to the scarcity of paper gold or it might mean nothing. The premium on silver bullion available to the average Joe has also increased recently despite the weakness in the spot price. Last year, I was able to buy junk silver at spot including shipping. Now to buy the same stuff costs a 5.6% premium. Obviously, the demand for this junk has picked up since I last bought. Beats mean if it means anything as to the spot price... Anybody have a graph comparing coin premiums to spot price? Would be interesting to see if one leads the other or if we are seeing some unusual divergence.

To: Maika who wrote (73716)	7/20/2001 5:56:52 PM
From: IngotWeTrust	Respond to of 116856

Maika, the explanation I would offer is along these lines: Those with monies made in the equity markets and had cashed out needed to put them someplace besides into bonds, which offer no excitement, no tangibility and NO historical long-term appreciation. Rare coins, art and high dollar collectibles have historically served the function of store of value when the primary "fun" of equity investing in bubble times has eased. Furthermore, we are in a VERY unusual currency exchange on the global level and with the USA having such a short 200 year ( more or less ) coinage history -- rarities available as compared to the ancients available in Europe which are so EASILY counterfeited, it is possible that the rise in the last 8 months which you have observed has been exacerbated by the need to 'store DM/FF/SP/SF/IL/BP and a host of other affected currencies in the "safer American coin market." Then, too, I personally believe the advertising budget has increased in these realms in recent times. For a personal example, I hadn't heard from David Hall of PCGS fame in over 15 years, and I've moved 2 in that time. But bango/bongo, here was his customary slick flyer in my personal post office box. Now THAT says to me, someone has been hired who knows how to cull and check against the Virginia postal database for old customers, who may be coming out of the proverbial woodwork...which I'm not, since I'm fully invested in my personal mining adventures, both in cheap gold recycling at less than $20 per oz for refined gold, and actual placer and/or lode mining claims during that "season." Also, Japanese investors have for a long time considered US rarities a "safe haven" and God knows, they've had the book thrown at them during our titanic leaking equity bubble... Then again, you could print this out, hang it on a wall, throw a dart, and possibly come up with an interesting pin-hole pattern to devinate and come to your own conclusion....LOL Have a great weekend, and nice to see you "pop up" on here. gold_tutor