Near term gold: goin’ up or down? Gotta crystal ball anyone?

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  • Tue, Nov 24, 2009 - 01:25am

    #41
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

Sager,

Check Chris’ guideline on buying gold and silver – there are online places to buy gold that only have 4-6% above spot. Chris recommended and so seemed more safe than if i’d just found it. I bought from Tulving.com and it was smooth and easy and shipping is free and insured. you may want to check that to get a better rate.

 

Doug

  • Tue, Nov 24, 2009 - 02:14am

    #42
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

[quote=dgilmart]

Sager,

Check Chris’ guideline on buying gold and silver – there are online places to buy gold that only have 4-6% above spot. Chris recommended and so seemed more safe than if i’d just found it. I bought from Tulving.com and it was smooth and easy and shipping is free and insured. you may want to check that to get a better rate.

[/quote]

Hey Doug — thanks for the tip.  I’m willing to pay a wee premium (okay, 5% or so ain’t *so* wee, but…) so as not to leave an easy-to-follow paper trail.  Paranoid?  Nah.  One man’s prudence is another man’s paranoia.  Tongue out

Viva — Sager  

  • Thu, Nov 26, 2009 - 02:41am

    #43
    Peak Prosperity Admin

    Peak Prosperity Admin

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    Re: Near term gold: goin’ up or down? Gotta crystal ball …

 The U.S. Mint said Wednesday it will suspend sales of the popular American Eagle 1-ounce bullion coins as rising demand depleted its inventory.

 “The United States Mint has depleted its current inventory of 2009 American Eagle 1-ounce gold bullion coins due to the continued strong demand for this product,” the Mint told its authorized dealers in a memorandum on Wednesday.

 

November sales to date were at 124,000 ounces, higher than the 115,500 ounces sold in each month of September and October, the Mint said.

The Mint said it expects to resume sales in early December.

Increasing worries about inflation, a falling U.S. dollar and geopolitical tensions are prompting individual investors to take physical possession of gold coins and other bullion products due to the metal’s appeal as a safe haven in financial and political crises.

Gold hit a record high at just under $1,190 an ounce on Wednesday due to a broadly lower dollar and renewed interest from central banks. Year to date, the metal has risen more than 35 percent.

Last year, the Mint had also briefly suspended sales of its American Eagle gold and silver coins due to high demand and a lack of coin blanks.

Produced from gold mined in the United States, the 22-karat American Eagles have been novel items among collectors and investors since their introduction in 1986. Each coin has a face value of $50 but it is sold by authorized dealers at a premium to the price of gold.

http://www.cnbc.com/id/34153788

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