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

To: John Graybill who wrote (76994)	9/19/2001 11:40:48 PM
From: FritzV	Read Replies (1) \| Respond to of 116895

Re: Gold Eagle premiums.. A couple of weeks ago, the buy/sell from the majors was buy around spot and sell for about $3 over. That was for older dated coins.. Since there was not much demand for the coins, the people bringing them in and selling older ones was pretty much suppling the needs of the physical market. At the same time.. Current date 2001 were available from the mint, the premium from the mint to the distributors/majors was about $12 over spot.. and they sell at aprox. $15 over. Generic dates are now almost the same rate.. Maybe $2-3 less. So it's gone from spot/+$3 to $10-12/$13-15. This may be what the 2-300% increase is referring to. There is also a bit of a shortage of physical.. for immediate delivery coins.. including KR ML and Eagles. If gold would settle somewhere here.. and stay for a while.. I'd expect some of the people who purchased over the last year to sell and take a quick profit.. Then the premium on the generic will drop a bit.. Unless of course the retail type buyers pick up and there's a continued demand for the physical ORO.... Fritz