Monday morning and as I write this post, I want to comment that Gold (both bullion and better date coins) is disappearing.... Seems like people are moving their money into hard assets.
This is creating a huge supply vs demand shortage... we have seen the price of gold rise in the past few weeks, but more important we have seen the incredible rise in the added premium. Gold is in short supply...
To prove the point we posted over the weekend a group of proof gold coins which was sold over a dealer to dealer network within 12 seconds...and at a small local show with about 30 dealers... less than 10% had any gold coins to offer. This is an amazing sight to see.
The takeaway is that you will certainly have to be paying well over spot for gold bullion and nice certified coins are going to be well over published prices that you see online.
We are advising our clients to be buying at the moment. Stay safe! Jon