Get It While You Can
This little pullback gold has seen these last two weeks has really ramped up the buying by those in-the-know. Here's two reports that came out from the Cassey Research mailbag over the weekend.

I had a couple of readers send me a brief 'heads up' about bullion sales in their respective parts of the world. The first is from British reader Tariq Khan. He had this to say...

"My coin dealer told me today that he just does not understand what is going on with the gold price. He opined that the Central bankers are unlikely to succeed if they are responsible for this take down. He is just seeing too much physical demand at the moment. He is turning away enquiries from abroad. The physical supply is disappearing fast, although he managed to find me some sovereigns (these tend to be tax efficient for us in the UK as sovereigns are still legal tender and have been since 1847). I have another coin dealer I occasionally use, he had only 8 gold sovereigns and 4 half sovereigns. The only metal he has to sell at the moment are Silver Eagles and Krugerrands. He tends to sell both silver and gold bars as well, but he has none of those available either. He is out of all other products."

The other is from U.S. expat Bill Goodrich from Hua Hin, Thailand...and this is his report.

"Today I was down in the gold district in Bangkok to buy some bullion on this little pullback... and there was no physical bullion to be had. All the gold shops were packed...and the only thing you could do was pay for an order that would be delivered in 10 days to 2 weeks. I have never seen a lack of physical bullion in this district ever before. There is physical gold on display, but it is all jewelry, which has a much higher margin than just the bullion bars that everyone was wanting."

"At least in this part of the world when gold drops even this little bit, the demand is astounding...and people are out in droves buying for cash. Here, every trade is physical gold...and all the transactions are cash on the barrelhead, so I have no fear that gold will really get a chance to pull back very far at least if the sentiment all over the Asia Zone is the same as it was here today."



How long will it take for Americans to wake up to what the rest of the world already knows? I guess if they keep getting their news from the mainstream media, probably only after it's too late. By then, when they realize the worthlessness of their paper dollars and try to convert to gold, there will be none left.