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_N_ · 12-06-2008, 07:35 PM

I have been doing a lot of reading and watching on youtube, the conclusion is that the price of gold will go up. Now, this is from the USA perspective, so will the gold actually go up or will the value of USD go down?

Secondly, I saw people saying, sure, spot price is 700-800 USD an ounce, but you need to pay more than that for physical. Well, here in EU, this is not the case, you go in and buy as much as you want at spot price.

So, it there really a shortage? As far as I can see, no, in Austria I can walk in, ask for a gold bar and get it on the spot at spot price.

Can people please comment on gold availability in their area and the price of physical gold? I'm a bit confused with what's going on. In recent weeks, countries have taken huge deliveries of physical gold, yet the price has stayed the same? - ok, it's artifically adjusted, but as far as I can see, there is no shortage.

12-06-2008, 07:35 PM	#1
_N_ Avalon Senior Member Join Date: Oct 2008 Posts: 53	Gold prices in Europe I have been doing a lot of reading and watching on youtube, the conclusion is that the price of gold will go up. Now, this is from the USA perspective, so will the gold actually go up or will the value of USD go down? Secondly, I saw people saying, sure, spot price is 700-800 USD an ounce, but you need to pay more than that for physical. Well, here in EU, this is not the case, you go in and buy as much as you want at spot price. So, it there really a shortage? As far as I can see, no, in Austria I can walk in, ask for a gold bar and get it on the spot at spot price. Can people please comment on gold availability in their area and the price of physical gold? I'm a bit confused with what's going on. In recent weeks, countries have taken huge deliveries of physical gold, yet the price has stayed the same? - ok, it's artifically adjusted, but as far as I can see, there is no shortage.