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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: blazenzim who wrote (76636)	3/21/2008 5:07:49 PM
From: Mike Johnston	Read Replies (2) \| Respond to of 116555

Gold is money, it pays 0% interest. US dollar pays around -10% interest. Which would you rather be in ?

To: blazenzim who wrote (76636)	3/21/2008 7:40:36 PM
From: Oblomov	Respond to of 116555

Yes, I agree. There isn't any shortage right now at the dealers or anywhere else. This explains why APMEX limited orders to $5K+. The sellers on eBay may be offering their items at a premium, but that doesn't mean that the final auction prices are at a premium to spot. In fact, I see just the opposite on eBay; auction prices well under spot. 90% silver coins have about 0.72 times face value in silver ounces. So at 17.10/oz, a roll of 90% dimes (5$ face) should trade at 0.72 * 5 * 17.10 = 61.56. But look at these auctions: cgi.ebay.com cgi.ebay.com 10% under spot...