Well, here’s a dose of reality folks:In a conversation I had with one ofCanada’s largest physical, retail bullion dealers last Friday – here’s a summary of what he told me:
-As a long time and valued customer of the Royal Canadian Mint, he has been told that the Mint is not acceptingANYorders for gold or silver coin for at least 3 months – and no guarantees then either.
-There are zero one ounce gold bars inNorth Americaat wholesale – period.
-Same thing for 10 oz gold bars.
-Some kilo gold bars are available at wholesale but in highly limited supply at prices start at 5 % over spot [COMEX price].
-He is currently receiving a couple of hundred calls per day for small gold [one ounce denominations] and has no product to sell.
-He told me there are ZERO one thousand ounce bars available at wholesale in the U.S.Aand `supply of the same inCanadais HIGHLY limited.
-He laughed when I mentioned that there was supply at COMEX and he told me COMEXwas a JOKE.He told me he doesn’t price silver using COMEX [silver futures prices] any more – he looks at prices being paid on E-Bay instead.
-He is currently getting 50 calls a day for silver and has no product to sell.
Room for rent - 60 "one ounce Silver Eagle coins" a month (san jose north) Reply to:firstname.lastname@example.org[?] Date: 2008-10-22, 11:42AM PDT
Furnished room for rent for 60 one ounce Silver Eagle coins a month. Sorry, I do not accept cash nor checks. I only accept 60 of the "one ounce Silver Eagle" coins" or 6 of the "one ounce Canadian gold maple leaf" coins.
Deposit: Ten of the "one ounce Silver Eagle" coins.
DSL internet access, microwave, washer and dryer, close to shopping malls, San Jose airport, major freeways.
Looking for a non-smoker, non-alcoholic drinker, no pets, no drugs, working professional who is clean, neat and tidy.