Hi, I would have to agree... I did call around today and the local rates on american Eagles are $31.35 over spot and to sell they are paying $4 under spot. Canadian Maples are going for $28.75 over spot. One would need a fairly large upswing to overcome that so i don't yet see how holding hard gold assets is better except for long term saving for non investors.
What I am wondering now are two things: What is going to happen to the real estate market in the US over the next 1-2 years and how e-gold could be used to fund real estate assets on the upswing while they dip. Regarding silver: I think from what i understand about the market now that holding e-silver may be a better bet in the short term even with gold going up to $500+ What are your thoughts about the current market value of silver as opposed to gold? And will silver close the gap faster than gold's upswing? Gordon www.katzglobal.com Anonymous Hosting® Solutions Quote ---------------------- Well I think owning IG gold (goldmoney, e-gold or whatever) is probably your best bet Gordon. You can always sell e-gold at or very near spot, within a day. If you own stupid one ounce gold coins or the like, you will pay 5% or 10% or worse premium when you sell or buy them, at your local bullion shoppe. If you deal in large amounts of money, and you can have your own "real" gold bars - so called 400 oz bars, about $130,000 each, then sure, just buy those and keep 'em in London or Geneva, just like GoldMoney does. ------------------ --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.