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Gold/Mining/Energy : Blue Chip Gold Stocks HM, NEM, ASA, ABX, PDG -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (42571)	4/14/2013 8:48:13 PM
From: SwampDogg	Respond to of 48092

The only thing these southern european countries have of any value are their gold reserves. 1) If I am trying to keep the euro together why would I force the sale of the only thing of value at lower prices? Is this smart? Is it likely? 2) Why would I not raise the price of the gold in the market and secure the debt against it? 3) If I am a southern european country that has owned gold pre-euro would I sell my gold to Germany, China, Russia etc etc to save a sinking ship? This has national security implications. I do not think that the Euro will force the sale of gold from Italy, Spain, Portugal and if they tried it will not be accepted. This would show the value of gold to world as countries refuse. This is not Canada or UK 1990s:)

To: Mike M2 who wrote (42571)	4/14/2013 9:24:54 PM
From: Anchan	Read Replies (1) \| Respond to of 48092

Mike, you quote "... so when people actually start asking for it and they want the physical, then there is a divergence of the paper price versus the physical price, and we are seeing that right now." Here in Japan, one of my local dealers has these gram/kilogram prices for physical bullion gold (coins being priced higher, of course), and they seem to be the same as spot "paper" gold: Today (Monday morning now in Tokyo) gold.tanaka.co.jp As you see from the above, there is no big margin between buying and selling bullion. And as I know from recent experience, no problem getting bullion gold delivered immediately (though I prefer the tighter buy/sell margins available from Sumitomo sumitomo-gold.com. Would the situation be that different in the Americas?