Tag Archives: paper vs physical

APMEX Offers to Buy Gold and Silver *Above* Spot Price

Posted on April 25, 2011 by Les Jones

Gold and silver dealers sell above spot price to make money. With recent shortages, APMEX is offering to buy one ounce gold and silver coins above spot: Over the past hour Zero Hedge has been inundated with reader comments notifying … Continue reading →

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More signs of tight supply in physical precious metals

Posted on February 2, 2011 by Les Jones

Econ 101: What happens when prices are artificially low? The demand overwhelms the supply, leading to tight supply. Zero Hedge – Gold Bar Premiums At 17-Year High In Hong Kong King World News – All 100 Ounce Silver Bars Will … Continue reading →

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Comex settling gold contracts with cash instead of gold

Posted on December 1, 2009 by Les Jones

Jesse’s Cafe Americain – Gold, Comex and the Exchange for Physical: Some months ago a chap described changes in the comex rules for futures contract deliveries. Therein it was described that the EFP, exchange for physical, rules were amended to … Continue reading →

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More signs of constricted supply in physical gold

Posted on July 20, 2009 by Les Jones

SeekingAlpha – The U.S. Mint Again Suspends Gold Coin Sales: Is It Really Out of Gold? I may have missed one or the other suspension of gold coin sales by the US Mint. But here we go again: Checking the … Continue reading →

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