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

To: Rolla Coasta who wrote (9557)	9/20/2006 4:34:25 PM
From: energyplay	Read Replies (1) \| Respond to of 218658

When gold goes to $1000, there will be a long line of people at the bank waiting to BUY GOLD>. Here's Andy Tobias' experience with the same thing in SILVER - andrewtobias.com ******* Investment Rarities sells silver, basically (and buys it), and 22 years ago I actually, sheepishly, bought some bags of silver dimes -- what was I thinking? -- and then, to my astonishment, Bunker Hunt tried to corner the silver market, the price went from $5 an ounce to $40, and, in a rare moment of lucidity, I sold. (The larger point here is what I found when I showed up at Deak Pererra in Rockefeller Center to sell. As I have written at greater length elsewhere, the place was mobbed. A huge crowd waiting for the doors to open at 10am. Everyone else, I realized, had had the same idea. I would never get in to sell my silver, or, if I did, they would have run out of cash. And yet, as it turned out, three of us were there to sell. Everyone else was there to buy. A classic top. Astonishing.)

To: Rolla Coasta who wrote (9557)	9/20/2006 7:35:01 PM
From: TobagoJack	Read Replies (1) \| Respond to of 218658

<<I am wondering if you can still sell your gold coin to Po Sang (or if they'd want to buy it), in case gold price skyrockets to, say $1000>> I have never tried to sell physical gold, but had asked Hang Seng Bank whether they would buy my physical platinum hoard which was originally sold to me by them at USD 400 and below. Hang Seng no longer deals in platinum, since there is no bullion coins available in quantity. They indicated they would buy the platinum coins back at USD 60 (5%) discount from spot, reasonable, given the volatility premium/discount of the metal, and the fact that they no longer deal in the stuff. Gold is money in HK, and it, in paper form, shows up on monthly statement along side everything else in bank wrap accounts. Physical and paper gold serves 2 different purposes, as far as I am concerned; one is for hoarding, to prepare for kingdom-come-day, and the latter is for fun. The father of aa friend in Canada had wanted to take his gold (kilo) bar down to the dealer for sale when gold was at 800 a whole lot of years ago, and he says the bar's sale was instead consumated on the bus ride with fellow passenger looking to buy gold. Chugs, J