When I first set my pp up in January spreads were 6% which felt too high. Looking again now they are 3% which is more palatable.
Anyone care to speculate why the spread has come in ?
Dealer spreads tightning ?
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Dealer spreads tightning ?
Last edited by gizmo_rat on Sat Jun 18, 2011 5:49 am, edited 1 time in total.
Re: Dealer spreads tightning ?
It's just supply and demand.
When people start to get gold fever, they will pay higher prices over spot.
When people start to get gold fever, they will pay higher prices over spot.
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A: “Not unless round is funny.”
Re: Dealer spreads tightning ?
Indeed, but why would demand be lower now, it seems counter intuitive. Or is it that puzzling over volume is as pointless as puzzling over price?
Not an issue, but a pleasant surprise as I'd like to have some tangible gold over the paper I have now.
Not an issue, but a pleasant surprise as I'd like to have some tangible gold over the paper I have now.
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WildAboutHarry
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Re: Dealer spreads tightning ?
One other market indicator of "gold fever" is the premium/discount of the Central Gold Trust (GTU). On Friday the premium was about 2% over NAV but it has been much higher and lower.MediumTex wrote:When people start to get gold fever, they will pay higher prices over spot.
It is the settled policy of America, that as peace is better than war, war is better than tribute. The United States, while they wish for war with no nation, will buy peace with none" James Madison