eBay Gold Dealer Sees Business Sextuple, As Prices Hit Nearly $2000/Oz.
Image: eBay
On Wednesday -- which was the worst day for both the dollar and US equities -- the average price of US Mint-manufactured gold rose to $1952/oz. That's about $130/oz higher than gold futures got that day.
Of course, there's always going to be a premium for the real, physical metal when people are worrying about collapsing governments/currencies, etc.
Another interesting stat: Great Southern Coins -- supposedly the largest dealer on eBay -- has seen is business quadruple in the last 45 days, and daily sales last week grew six-fold.
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Read more: http://www.businessinsider.com/gold-sales-surge-on-ebay-2011-8#ixzz1V8RFafU7
Yawn again...
Yawn yet again.
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So unless you know of some market where gold is the functioning medium of exchange it’s prima facie absurd to even make the argument. If you’re not convinced, try to buy your post-market-close drinks today with unmarked metal and please let me know how that goes $1590
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Just in case you haven't.
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Has anyone else noticed that gold has been garbage for months now?
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