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Old 12-06-2008, 09:18 PM   #3
davefla73
Avalon Senior Member
 
Join Date: Sep 2008
Location: Melbourne Florida
Posts: 109
Default Re: Gold prices in Europe

Quote:
Originally Posted by _N_ View Post
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.
well the $ is going down, Gold always seems to hold its value. but sense everyone is buying it up demand is going to make it, go up to.
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