GREY:ADAIF - Post by User
Post by
cbriton Dec 24, 2008 11:14am
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Post# 15665976
True gold value
True gold valueFrom a gold article today....
From manipulation and corruption on Wall Street to gold price manipulation in The White House
cb
"Along the same lines, a few weeks ago, when gold was at $750/oz, one-ounce Gold Eagles got bids of $1,000 on eBay … a premium of 33% over spot price.
At the time of this writing, the availability of bullion coins has slightly improved, and major bullion dealers like Kitco.com have resumed offering some of their standard bullion products. Even though inventories are still selling like hotcakes, at least there is an inventory – and the eBay Index has reacted accordingly. Right now, with spot gold at $852, 2008 Gold Eagles are fetching bids of $876 on average… a premium of only 2.8% over spot."