Jump to content



Photo

is comex price for gold the real price for gold?


  • Please log in to reply
2 replies to this topic

#1 dharma

dharma

    Member

  • Traders-Talk User
  • 8,356 posts

Posted 31 March 2020 - 11:24 AM

majors have been shuttering mines due to corona virus . s/africa has shut down the mines for a #of weeks. 74% of the worlds pgm come from s/africa/ and as of 3/29 switzerland has ordered 3of the worlds largest gold refiners to shut down. 

so can i buy gold @a reasonable premium to the spot price of 1605?

here are 2 of the largest coin dealers

https://www.jmbullio....instock.high=1

pretty hefty premiums

https://www.golddealer.com/  they are sold out of gold coins , you can get silver but for a very hefty premium  

these are 2 of the oldest and largest    went to monex. didnt see any  offers

so what is the real price for the pms. ? is comex just for paper gold?

dharma



#2 Smithy

Smithy

    Member

  • Traders-Talk User
  • 1,265 posts

Posted 01 April 2020 - 11:20 AM

Good piece from Reuters

 

Coronavirus pushes London banks to consider additional gold storage sites

https://www.reuters....s-idUSL8N2BK64O



#3 dharma

dharma

    Member

  • Traders-Talk User
  • 8,356 posts

Posted 01 April 2020 - 02:22 PM

Good piece from Reuters

 

Coronavirus pushes London banks to consider additional gold storage sites

https://www.reuters....s-idUSL8N2BK64O

try to buy a gold coin @or near spot gold is in backwardation.  in the depression the bankers told you their bank was sound as they closed their doors for the final time. this should make you feel comfy! https://www.armstron...panic-for-cash/

dharma