add-memberalign-toparrow-leftarrow-rightbellblockcalendarcamerachatchevron-leftchevron-rightchevron-small-downchevron-upcircle-with-crosscomposecrossfacebookflagfolderglobegoogleimagesinstagramkeylocation-pinmedalmoremuplabelShape 3 + Rectangle 1pagepersonpluspollsImported LayersImported LayersImported LayersshieldstartwitterwinbackClosewinbackCompletewinbackDiscountyahoo

The Round Rock Wealthbuilder's Meetup Message Board › CME Chairman On Gold: “People Don’t Want Gold Certificates, They Want the Re

CME Chairman On Gold: “People Don’t Want Gold Certificates, They Want the Real Product"

Dan Caldwell - Wea...
user 3188546
Round Rock, TX
Post #: 228

April 30, 2013

"What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real  gold.  That’s going to show you, people don’t want certificates, they don’t want anything else.  They want the real product ."

Terrence Duffy, President and Executive Chairman of CME Group Inc,. on Bloomberg TV 

Dan's Note "They don't want the ETF's GLD and SLV anymore either, opting to sell the ETF's (paper) and buy physical.
Dan Caldwell - Wea...
user 3188546
Round Rock, TX
Post #: 229
ZeroHedge: Perth Mint Demand Highest Since Lehman Brothers, Refines Coins, Bars During Weekend

Australia’s Perth Mint, the largest refinery in Australia and one of the largest in the world, said that demand has jumped to the highest level since the Lehman crisis in 2008. 

Demand has been robust due to currency devaluation concerns and then the 15% price fall led to a massive surge in demand as store of wealth buyers leapt at the chance to acquire physical bullion at much cheaper prices. 

This led to the Perth Mint, which refines nearly all of the nation’s bullion, having to stay open over the weekend to meet orders. There’s been strong interest, including from the U.S., with buyers confident that the metal will rebound from the decline, Ron Currie, sales and marketing director, told Bloomberg in a phone interview from Perth.  

“We haven’t seen levels like this since the 2008 global financial crisis,” Currie said yesterday. “Compared to March sales, April sales have doubled or tripled,” he said.

“We worked all weekend to keep the factory running to make more stock and that was only to fill orders,” Currie said from the facility founded in 1899. “We’re being inundated with people buying products.”
Powered by mvnForum

People in this
Meetup are also in:

Sign up

Meetup members, Log in

By clicking "Sign up" or "Sign up using Facebook", you confirm that you accept our Terms of Service & Privacy Policy