Thread: Money Tip-toeing back into the Market?
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Old 10-10-2008, 11:00 PM   #5
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Quote:
Originally Posted by Stewie View Post
That's the "paper" gold market where no physical gold is exchanged just ownership of stuff in vaults. The physical gold market is insane right now. The U.S. Mint along with other mints worldwide have stopped producing coins because of high demand. If you go out and try to by a 1 oz. coin you'll pay WAY north of $1000 if you can find any gold at all. The physical market could care less about the "spot" price. The spot market will eventually follow the physical market because it has to. These markets are totally nuts.
Margin calls. The rapid and ongoing descent of the market is resulting in a lot of huge margin calls that need to be met and people/institutions/hedge funds are just doing wholesale dumping of anything and everything they have whether it is equitities or commoditites.
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