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Australia's Perth Mint - which refines nearly all of that nation's gold bullion - has its...

Australia's Perth Mint - which refines nearly all of that nation's gold bullion - has its factory working weekends to keep up with demand. "We haven't seen levels like this since (2008)," says sales chief Ron Currie. "We're being inundated with people buying products," he continues, noting U.S. orders are particularly heavy. GLD -0.25%.
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Comments (11)
  • J Collins
    , contributor
    Comments (178) | Send Message
    Looks like a systemic shift from paper to physical gold is underway. Of course the "smart money" will like to keep this as discreet as possible but unfortunately for them, the internet is equalizing the information field a bit.
    30 Apr 2013, 11:50 AM Reply Like
  • davidshelton
    , contributor
    Comments (365) | Send Message
    Gold ETF's loss is the physical markets' gain.....
    30 Apr 2013, 11:53 AM Reply Like
  • hummerh25
    , contributor
    Comments (99) | Send Message
    $1250. Gold is on the way.
    30 Apr 2013, 11:59 AM Reply Like
  • J Collins
    , contributor
    Comments (178) | Send Message
    I would not be surprised at all if Wall Street driven paper gold (GLD) attempts another slam-down within the next quarter or two. That being said, over the last 15 years, the correlation between price of physical gold and US public debt has been around 98% So unless Wall Street bankers can come up with an ingenuous way to decrease the debt, which has become the real underlier for the price of physical gold, these paper-backed slam-downs should do little to alter the long-term 10-20 year time horizon) fundamental picture.
    30 Apr 2013, 12:16 PM Reply Like
  • thrash
    , contributor
    Comments (133) | Send Message
    - @ hummer 25 - Some kind of expert are we ? I mean why not $250?
    You're guessing and your guess is no better than the rest.
    30 Apr 2013, 12:03 PM Reply Like
  • Interesting Times
    , contributor
    Comments (389) | Send Message
    Every one else is running out of both gold and silver so why not them.


    Paper and physical will eventually break away from eachother. If any one wants to sell their ASE'S to me for $24 bucks please contact me !


    Physical price is just ridiculously low. It is insane...No one is selling physical that's for sure..
    30 Apr 2013, 12:41 PM Reply Like
  • kmi
    , contributor
    Comments (4528) | Send Message
    Folks should note the part about US demand being strong, and by folks I mean those repeating the "Asia is buying it all" meme.
    30 Apr 2013, 12:48 PM Reply Like
  • phdinsuntanning
    , contributor
    Comments (1324) | Send Message
    what will happen when Ms Watanabe realize that imported
    sushi prices increased 80% in Yen? Same for industry raw materials? Borrow yen to buy anything hard looks good now...
    30 Apr 2013, 02:25 PM Reply Like
  • jimcats
    , contributor
    Comments (10) | Send Message
    Thrash, there is a legitimate basis for saying gold may only go to $1250. The present day cost of "manufacturing " gold plus the expected profits of the mine companies comes to about $1250. At prices lower than this, they wouldn't bother to mine and then this would bring the price back up very soon.


    Not at all sure that I buy that exact figure; I think it's actually a good bit lower, but this is the price most often quoted as a bottom for gold. So the poster who said $1250 is as much an "expert" as any of us.
    30 Apr 2013, 03:06 PM Reply Like
  • mbcy
    , contributor
    Comments (851) | Send Message
    Cost of "manufacturing " of not playing the main role in pricing. Major role in the price formation plays such a thing as supply and demand. But you do not take this into account.
    30 Apr 2013, 06:59 PM Reply Like
  • hummerh25
    , contributor
    Comments (99) | Send Message
    Thanks Jimcats, couldn't have said it better myself.
    30 Apr 2013, 04:03 PM Reply Like
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