The End Of The Small Gold Buyer?

I can't give you an opinion on if smaller speculators are buying gold or not buying. What I can tell you is that gold is starting to get very hard to buy from my normal sources. They are sold out as fast as they get it.

I really don't know who goes to coin shows, probably more collectors than speculators.

As far as a price point the 1/10 eagles are still within reach as long as you watch the premiums being asked. Even the 1/20 Pandas, etc are in easy reach if you just want to have some gold.Personal I don't buy the classics as a bullion person. Though I have a few just because I think they are cool to hang on to and pass on to the girls later.

Personally I don't think gold is out of reach for people looking to do something different with their investment type of dollars. Now I can see some people sitting it out because they fear a large drop and don't want to risk the market at this time.

But that is the market if we all knew the outcome then we would all be rich.

Silver for sure is more attractive due to its price point.

"I picked up 6 14k gold necklaces last week at a rummage sale for 2$ each."

Wow, smart way there to add melt-able gold, nice work. Hard to believe with all the info on gold out there an its sky rocketing price, that some of these people are not smart enough to identify that 14k mark with $ signs, good to know....

I was in a shop today they were nearly sold out of gold. The only stuff they had left were a few $20 gold pieces. All the stuff remotely close to spot was gone. A gentleman brought in a half ounce gold eagle sold it to the dealer and 20 minutes later someone walked in and bought it. Its a madhouse out there.

-XoG