Quote:
Originally Posted by gomer_tree
I was in a local coin shop not too long ago, and he said he pays bid on spot for gold, so he's not looking to rip anyone off. He also said that the reason he has no gold coins currently is because he's had almost nobody come in to sell them. So, at least locally, he wasn't seeing what Fish was suggesting.
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As I said, I was speculating on that part.
Thinking about it more, I wonder how much of it is a volume issue. If the demand for gold coins has tripled or quadrupled or whatever it is, what percent change in the world gold supply is that? I would guess that it is a really small percentage of the supply. It would also seem like any increase in demand for gold bullion due to fears of financial instability might be more than offset by the reduction in use of gold for industrial purposes or by industries switching to cheaper alternatives.
02-09-2010, 02:53 PM
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