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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (3424)	1/15/2006 11:22:43 PM
From: gumnam	Read Replies (3) \| Respond to of 217931

TJ You will be surprised here in NY, on the trading floor that I am, there are atleast a few traders who have started buying gold for their PA. Mostly it is GLD, and the futures. I myself bought my first few real gold coins last month. It is quite painful to buy physical gold in USA. I have found only a couple of internet based dealers and not even a single bullion coin dealer in NYC. The internet based dealers have a 2-7% bid ask spread on the major coins and takes 2week to 4 week to get coins. So do not worry about it becoming a crowded trade any time soon. You know it is getting interesting atleast major cities start having a couple of bullion dealer shops and really crowded when Amazon starts offering the Pandas and the Kruggerrands. Cheers Gumnam