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CGM Focus Message Board

  • juankehoe33 juankehoe33 Apr 19, 2013 8:10 PM Flag

    Wild: Re Gold

    Wild: Here is a small clip from Sprott's Thoughts: Bear in mind that this is just a quote because there is a long list of similar observations around the world:

    "The US Mint reported selling 63,500 ounces (2 tonnes) of gold on April 17th alone, which brought total April month-to-date sales up to 147,000 ounces – more than the previous two months of gold sales combined.1
    The US Mint’s year-to-date sales are now up 79% from the same period in 2012.

    Coin dealers in Tokyo and Dubai reported an immediate spike in sales following the gold smash this past Friday. Reuters writes, “A week ago, as the yen-denominated price neared a new peak, jewelry stores and gold merchants across Japan saw long lines of mostly older Japanese looking to cash in on unwanted jewelry and other items that they had held for years… But on Tuesday, buyers outnumbered sellers by a wide margin. At Ginza Tanaka, the headquarters shop of Tanaka Holdings, gold buyers waited for as long as three hours for a chance to complete a transaction.”

    In Dubai, jewelry outlets reported they are now temporarily out of gold coins and all sizes of gold gram
    “biscuits”.2, End quote..I'LL PROBABLY BE BUYING MORE/ One of the clips told of some guy in Dubai buying a million dollars worth and walking out with his purchase in a Nike Bag/Juan

 
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