Demand For Physical Gold is Quite Extraordinary
Excerpt from The Golden Truth - April 9, 2010
I also thought I would post some comments made to me by a local bullion trader who typically operates by finding private sellers and paying more than the big coin shops here, but usually at or below the spot price of gold and silver, and sells to private buyers who pay cash and do not want a paper trail. He has an excellent "nose" for supply and demand and, as per my experience trading bonds on Wall Street, there's nothing like getting market information from a bona fide market maker:


"I feel that we are in the beginning of an upward move. I can only guess at what price the market will move to. What I am finding out is that new buyers are coming into the market and they do not mind paying the premium. My past buyers are not buying as much and are looking for the market to pass $1,200, before they start to invest. The physical supply of one oz. bars and coins are readily available if you are willing to pay the premium. The supply gets smaller the closer you want it to spot. The only large quantity of gold coins in the uncirculated arena are scratched or nicked items."