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AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!

 
Anonymous Coward
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01/11/2011 06:55 PM
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AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
[link to harveyorgan.blogspot.com]


DJ Physical Gold Demand Exceeds Current Availability -Perth Mint

SINGAPORE, Jan 11, 2011 (Dow Jones Commodities News via Comtex) -- Demand for gold bullion from Australia's Perth Mint has been unrelenting since gold's price dropped below $1,400 an ounce, a senior Mint official said Tuesday.

"At the moment demand is such that we cannot meet all the enquiries that we are getting," said Nigel Moffatt, Treasurer of the Perth Mint, one of the world's largest gold refiners and distributors.

"Demand for our coins and medallions is strong, but the biggest demand is coming from banks and traders looking for kilo bars," he told Dow Jones Newswires.
Anonymous Coward (OP)
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01/11/2011 06:55 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
Sorry , Gold enquiries !! lol
Anonymous Coward
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01/11/2011 07:03 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
5a
CaptainZero

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01/11/2011 07:06 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
THEY LOVE GOLF OVER THERE!
Have a heapin helpin of hospitality!
Anonymous Coward
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01/11/2011 07:12 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
One of those "Freudian Slips" eh?
Anonymous Coward
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01/11/2011 07:14 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
Any good investor knows the importance of diversification in their portfolios. The diversification recommended includes double eagles, eagles, 1/4 ounce and 1/10 ounce gold pieces as well as silver eagles (or Canadian Maple leafs), 1/2 dollars, quarters and dimes.
Anonymous Coward
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Germany
01/11/2011 07:18 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
Any good investor knows the importance of diversification in their portfolios. The diversification recommended includes double eagles, eagles, 1/4 ounce and 1/10 ounce gold pieces as well as silver eagles (or Canadian Maple leafs), 1/2 dollars, quarters and dimes.
 Quoting: Anonymous Coward 961432



hahaha

For the timid and insecure, max diversification: gold and silver!
Anonymous Coward
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01/11/2011 08:28 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
Any good investor knows the importance of diversification in their portfolios. The diversification recommended includes double eagles, eagles, 1/4 ounce and 1/10 ounce gold pieces as well as silver eagles (or Canadian Maple leafs), 1/2 dollars, quarters and dimes.



hahaha

For the timid and insecure, max diversification: gold and silver!
 Quoting: Anonymous Coward 1225807


Considering that less than 2% of investors actually hold any physical metal, once the "average guy" figures out the only way he can retain his wealth is via PM's, your statement holds some temporary validity. But as soon as Joe figures things out, watch the metals go parabolic.
Punk-A$$ets

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01/11/2011 08:38 PM
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Re: AUSTRALIA'S PERTH MINT " WE CAN'TMEET ALL THE GOLF ENQUIRIES" , BANKS ARE BUYING GOLD TOO !!
Any good investor knows the importance of diversification in their portfolios. The diversification recommended includes double eagles, eagles, 1/4 ounce and 1/10 ounce gold pieces as well as silver eagles (or Canadian Maple leafs), 1/2 dollars, quarters and dimes.



hahaha

For the timid and insecure, max diversification: gold and silver!


Considering that less than 2% of investors actually hold any physical metal, once the "average guy" figures out the only way he can retain his wealth is via PM's, your statement holds some temporary validity. But as soon as Joe figures things out, watch the metals go parabolic.
 Quoting: Anonymous Coward 961432

Got years left IMO. Slow and steady is fine with me.





GLP