Interesting Gold Article - Coin Community Forum

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Author	Replies: 4 / Views: 1,150
starbuxinvestor Pillar of the Community United Kingdom 616 Posts	Posted 05/21/2013 09:29 am http://finance.yahoo.com/blogs/brea...2206437.html "300 tons," says Tom Lydon, the editor of ETF Trends, in the attached video, calling the disposal of over 600,000 pounds of gold so far this year "amazing" and "incredible." Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 05/21/2013 09:55 am If they need help I'm more then happy to take some off their hands Report this Post to the Staff
starbuxinvestor Pillar of the Community United Kingdom 616 Posts	Posted 05/21/2013 10:08 am I feel the forced seller aspect to be very interesting in how it affects the market of course for years they were a forced buyer. But ETFs add a level of ease of purchase and sale to the PM market which are not always incredibly liquid relative to other markets so the forced buying and selling can have interesting effects. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 05/21/2013 10:19 am The forced sale does pile onto the problem of not enough buyers right now. Agreed, theyre great for using PMs as an investment vehicle as you can be in and out in seconds. Everyone always talks about how theyve drive the price of metals down which they are contributing too now, but they also drove the prices up when everyone was jumping on the band wagon Report this Post to the Staff
starbuxinvestor Pillar of the Community United Kingdom 616 Posts	Posted 05/21/2013 10:30 am Exactly. And one could argue that can present opportunity. Also this article shows they have physical holdings not just futures contracts. Currently I don't own any but in the past I used SGOL instead of GLD. Report this Post to the Staff
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