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FinancialAdvisor

01/19/06 7:58 PM

#14277 RE: FinancialAdvisor #14274

***$GOLD: EBAY DEMAND REVISITED***

*Hearing stories that $GOLD demand is dropping, so I'll visit handy ol' eBay to see if that rumor is in fact true... and again I'll give the most recent sampling of 18 coins or bars of advertised 1 ounce quantity and see if they are holding their premium over the price of the spot market/leading futures contract, which right now we can say is about $560 the ounce...

(Total price of the one ounce of $GOLD >>> end date (coin or bar)

$569.56 >>> Jan-19 15:50 (coin)
$569.56 >>> Jan-19 15:47 (coin)
$595.10 >>> Jan-19 15:45 (coin)
$606.55 >>> Jan-19 15:39 (coin)
$569.56 >>> Jan-19 15:36 (coin)
$570.55 >>> Jan-19 15:33 (coin)
$569.56 >>> Jan-19 15:32 (coin)
$520.00 >>> Jan-19 15:27 (bar)
$579.56 >>> Jan-19 15:26 (coin)
$571.55 >>> Jan-19 15:13 (coin)
$589.77 >>> Jan-19 15:09 (coin)
$599.56 >>> Jan-19 15:06 (coin)
$595.10 >>> Jan-19 15:01 (coin)
$578.77 >>> Jan-19 14:28 (coin)
$571.34 >>> Jan-19 14:27 (coin)
$590.00 >>> Jan-19 12:21 (coin)
$615.00 >>> Jan-19 12:20 (coin)
$574.24 >>> Jan-19 11:22 (coin)

(Conclusion: Demand is NOT dropping, in fact the volume of coins and bars sold today has risen DRAMATICALLY! Thus, demand is present, compare time stamps interval to the other 2 messages at the end of this posting...)

That's an average of $579.74, with February $GOLD futures currently at $559.50, the premium is still over $20. While I've noticed the premium is sinking, it's still substantial over $20. And also remember these sales are going off in the United States, so that's a plus in itself as I believe the net buyers of $GOLD are in the oil-rich nations and generally in Asia...

Got $GOLD?


Kitco currently quoted selling prices (for reference):
$589.96 > $GOLD Eagle 1 oz
$587.16 > $GOLD Maple 1 oz
$581.56 > $GOLD Krugerrand 1 oz
$5712.00 > $GOLD Bar 10 oz
$571.20 > $GOLD Bar 1 oz
$18155.52 > $GOLD Bar 1000 gr
$11.58 > $ILVER Eagle 1 oz
$11.33 > $ILVER Maple 1 oz
$9380.00 > $ILVER Bar 1000 oz
$978.00 > $ILVER Bar 100 oz
$1137.08 > PLATINUM Eagle 1 oz
$319.00 > PALLADIUM 1 oz


Other eBay $GOLD demand related messages:
01.15.2006 > #msg-9265230
12.11.2005 > #msg-8827161