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SPDR Gold Shares Message Board

  • pmguru_1 pmguru_1 Jul 17, 2011 1:59 AM Flag

    Never too late to flip out of ETF derivative to REAL BULLION

    No doubt thousands have made the switch. The next time gold goes vertical and then makes a serious pullback, the premiums on gold Eagles will probably swell to over $100 over spot.

    It just seems like common sense that when shortages acerbate and panic buying occurs later in this bull market premiums will be so much higher you need METAL not paper fake promise gold.

    As an example, I bought lots of Morgan dollars years ago when they only cost $1 over spot. Today they are selling for $40 and they don't even contain a full ounce of silver. The premium I have captured by owning physical silver in this way EXCEEDS MY PURCHASE PRICE IN SOME CASES! (Bot Morgan dollara for $5-6, and today the premium is that great or greater depending on grade.)

    When gold was $500-800 you could buy a nice old pre-Depression Gold Eagle for less than $50 over spot. Today they sell for $200 over spot. That's leverage to the gold price from actual ownership of gold and silver vs these Ponzi scheme forms of investment.

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