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

To: Richnorth who wrote (3710)	12/1/1997 5:35:00 PM
From: philv	Read Replies (2) \| Respond to of 116815

Richnorth: There is quite a considerable premium to buying the physical gold as compared to the certificates. The smaller the denomination of gold, the greater the premium. One also has to pay the shipping and insurance charge. Here in Canada, the banks also require you to pay in $US, so they make their usual commission on that conversion as well. Should you sell the gold, they are not going to give you the same price you have bought it at, also will agaiin charge you all the aforementioned commissions and charges. They don't make it easy. Cheers: Phil

To: Richnorth who wrote (3710)	12/1/1997 8:34:00 PM
From: Jaakko	Respond to of 116815

If you are thinking of buying PHYSICAL gold HURRY UP because it seems to be getting into short supply very soon according to the Kitco thread :-)) Date: Mon Dec 01 1997 16:56 arden (comex gold stocks) ID#201238: Comex silver warehouse stocks rose 1,212,564 oz to 128,251,770 oz. Comex gold warehouse stocks rose 28,225 oz to 746,401 oz, BUT ONCE AGAIN comex eligible gold stocks fell 2,544 oz to 202,014 oz. Today was first notice day and 1,157 delivery notices were sent out equal to 115,700 oz. If this gold is taken out of the warehouse in the next few days, life could get interesting. On Wed last week the open interest rose 1891 contracts as gold fell through 300 but the actual amount of eligible gold declined indicating new speculator shorts at below 300! Dec open ineterst fell 7402 contracts to 7,124 contracts. We have to wait until tomorrow to see what today's open interest in Dec is, but if another 1157 notice of delivery are sent out and they actually want it, comex will be out of deliverable gold!!! Not that anyone is paying attention.