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COMEX Gold and Silver deliveries are up 45%

Discussion in 'Economics and Financials' started by padre31, Dec 4, 2008.

  1. padre31

    padre31 Premium Member Luxury Box

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    Specifically:

    Gold and to a lesser extent, silver, are two of the surprising areas of some residual strength in the markets, but both markets are so small they are easily manipulated however with the money supply being inflated to astronomical levels, Gold and it's step child silver could once again retain their rolls as inflation hedges and stores of value.

    What I find really funny is that the Asian Gold Market is much more sophisticated then the US Gold Market on an individual level, in India and China, average people know how to deal in gold, in the US, places like "Cash 4 Gold" routinely rip off American Gold Owners by offering a pittance of a gram weight redemption price.

    Sending in scrap jewelry for 5 dollars a gram means an ounce of gold is costing them..140 bucks...Gold is currently 766 an oz...nice work if you can get it...:lol:
     

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