Wealthy investors drain supplies of gold

[phirang]

Re: Wealthy investors drain supplies of gold

Good points. Also, it's not just U.S. investors who matter. There are plenty of Asians with savings to protect, and plenty of them can afford silver much easier than gold.

My chinese friends have 0 interest in silver.

[KGW]

Re: Wealthy investors drain supplies of gold

Do you suppose someone fronted the funds for this artist's work?



55kg of gold Kate Moss sculpture

[jtabeb]

Re: Wealthy investors drain supplies of gold

2 words: Hunt Brothers

Could you expand? Do you mean some one is trying to corner the market in silver and that is why the disconnect between delivery and spot?

[rj1]

Re: Wealthy investors drain supplies of gold

Do you suppose someone fronted the funds for this artist's work?



55kg of gold Kate Moss sculpture

Gold currently $835.50 per ounce.
There is roughly 32.15 troy ounces per kilogram.
That comes out to a current worth of $1,477,407.18.

I'm setting the over/under of that getting stolen by thieves at 9 months.

[rj1]

Re: Wealthy investors drain supplies of gold

Obviously, something is screwy when the Comex market pushes down the price of PM's, while looking at any PM dealer's inventory page sez: OUT OF STOCK over and over again.

http://www.golddealer.com/bullionpage.html

The question arises: Who do you trust? The guys trading the funny paper or the guys trading the real goods.

Well, who do the dealers get their inventory from?

And can someone undercut them at their source? Perhaps the "small players" are being pushed out.

[GRG55]

Re: Wealthy investors drain supplies of gold

My chinese friends have 0 interest in silver.

My Middle East and Indian friends have 0 interest in silver...

[idianov]

Re: Wealthy investors drain supplies of gold

My Middle East and Indian friends have 0 interest in silver...

According to Google Trends, US and Canada are leading the quest for "Poor Man's Gold"

1. United States
2. Canada
3. India
4. Australia
5. United Kingdom


UAE, India and Chinese are putting their money on the "Yellow Dog":

1. United Arab Emirates
2. India
3. Hong Kong
4. Singapore
5. Viet Nam
6. Australia
7. United States
8. Canada
9. New Zealand
10. Thailand