I keep coming back to this topic (not on the blog - yet) but gold coins are in short supply while the price of gold futures languishes. This seems too strange to be true but apparently it is. You can buy all the gold you want from your friendly neighborhood futures broker but I wonder how delivery is going. We won;t really know until December, won't we?
Anyway, here is a bullion dealers website as of Thursday (credit to Robert Minkowsky for finding it). It's web address is http://www.ajpm.com/htbin/gold.cgi
You may have to click on it to blow it up but check out the red letters - SOLD OUT. And it is the smaller coins that are gone, too. Is the little guy panicking? Hoarding gold because he does not believe that the bailout package will 1) work or 2) not cause inflation?
I don't know that answer so if there are any coin dealers reading this please comment.
OK conspiracy theorists, check out this video but go get a new pair of skivvies first.
Nah, it's another bogus Internet tale but it does get you thinking about what if it really were true. I cannot imagine anyone in government making a decision like that not being impeached and then deported to Tora Bora to catch a bunker buster.
But that does not stop me from wanting to own more gold - real gold, not the paper stuff.