wrongmove

Maple price not bad! People here have been paying way, way more than that and calling it a bargain! The 1000oz silver bar is very close to spot too. That postage cost is very high, say £120, but you are saving about £60 a coin overall! Even a fairly modest order would make Kitco cheaper, which just goes to show how ridiculous CID prices are. But the Kitco (and Tulving) prices show that supplies are getting back to normal. CID will have to cut their spreads and premiums soon, surely. Kitco's premiums are almost normal. Someone better tell them about this "disconnect"! They must be paying the 'official' physical price (calculated by checking eBay), and then just knocking of 15%! You don't get many businesses like that these days

They are truly awful prices - bad as ebay! Try Kitco. Gold Eagle 1 oz (Only shipping to US) $809.98 Gold Maple 1 oz $802.55 *Gold Bar 400 oz (Please place order by phone) $299,440.00 Gold Bar 10 oz (Only shipping to US) $7,551.00 Gold Bar 1 oz $758.10 Kitco Gold Bar 1 oz $758.10 Gold Bar 1000 g $24,116.27 Gold Philharmonic 1 oz (Only shipping to US) $780.26 Silver Maple 1 oz ( Olympic Edition) $13.03 Silver Bar 1000 oz $9,830.00 You don't have to get ripped off! Kitco 1oz gold bar, spot + $16!!, 1oz siver coins, spot + $3

Nice one! That's like a licence to print money at the moment!

Seems reasonable, but it still doesn't make much sense to me. Maybe it is just badly written.

I agree - I don't get the connection. Sorry about the link - they have changed the article since I posted. The link still has the old title on Kitco, but it now links that new article.

Oh dear

I was trying to explain why I considered the dollar price to be important, even if dollars are not your local currency. I didn't actually say buy dollars as such, just that if hedging a strong dollar was your aim, buying dollars would be a more logical (and successful) strategy. I think it's quite funny that gold is being used (in retrospect) to protect against a strong dollar!

Cheers ziknik, that's what I thought. I do not understand what they mean in the article. Why should the end of the short ban affect gold?

So did I!

Does anyone know what ban is being referred to here? Gold dips as traders take more money off the table Does the ban on short selling include gold? Or are they predicting that funds will sell gold to short financials?

Just when you think the level of debate has reached an all time low, something comes along and drags it that little bit lower!

It is not irrelevant though. To its fans, gold is a currency. To most people, the dollar is the main currency. So if you are looking for the best currency, gold is in direct competion with the dollar, and losing rather badly. You don't have to buy gold with your pounds, you can buy dollars. Also, the western investment market is basically driven by dollars. Sure, an asset can be rising in one currency, while falling in another, but that is not gold strength, but pound weakness. Buying anything denominated in dollars has this effect, the most obvious example being just buying dollars themselves. So I belive the dollar price is very important in gauging sentiment in the gold market, although, of course, any individuals bottom line will depend on their local currency.

As I have just asked cg on another thread - like cg you are very insulting to TA users when their predictions are bearish. I take it that bullish TA is acceptable?

Surely getting a US depository to ship to your destination of choice shouldn't be beyond the wit of man?

Shhhhhhhhhh! There's a shortage, don't you know. Play the game!