Posts Tagged ‘Dubai gold market’
Bullion Shortage and Spot Prices Tell Two Different Gold Stories
Graph courtesy www.kitco.com/ Bullion Shortage and Spot Prices Tell Two Different Gold Stories
Published on 13-10-2008 Source: The Market Oracle – Gerard_Jackson
Having blogged earlier on a physical silver shortage and the drying up of gold bullion purchases, recent events in the precious metals markets justify an update that again arrives at the conclusion that last Friday’s silver and gold price plunge on COMEX has pretty little to do with the actual physical investment demand for gold and silver. Tim Iacono had a good post with the headline “Gold prices getting fishier and fishier,” that does away with the myth that the US mint faces unprecedented demand. I stumbled across several more reports that show the ongoing dichotomy between official spot or futures prices and premiums actually paid by investors, if they can get their coins or bars at all.
Written by greenfloyd
October 14, 2008 at 1:04 am
Posted in Uncategorized
Tagged with Australia, bars, bullion, bullion bars, coins, COMEX, Dan Norcini, Düsseldorf WGZ Bank, demand, dichotomy, drying up gold bullion, Dubai gold market, ETC, Exchange Traded Commodities, futures, German gold dealers, gold and silver, gold and silver philharmonics, gold price manipulation, Ha Noi-based Bao Tin Minh Chau Jewellery Co, Habsburg palace, Heiko Ganss, investors, Kangaroo and Nugget coins, Kerry Tattersall, Muenze Osterreich, new gold rush, Nguyen Huu Dang, official spot, Perth Mint, physical investment demand, physical silver shortage, plunge, precious metals markets, premiums, prices, Pro Aurum, protection from the credit crisis, silver and gold price, souks, Stephan Henkel, tael, Tagesspiegel, Tim Iacono, U.S. mint