Paper is dead. So what about markets now?

Discussion in 'General Precious Metals Discussion' started by JulieW, May 23, 2013.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    Paper markets are being exposed for what they are. Gold premiums for physical in Japan are nearing $500 per ounce.

    So how do we tell what's going on? Is it W. Davis charts, ABC or what they'll pay?
    Since the paper game is false and deceptive, are we in a metals anarchy? And for how long?
     
  2. Emanance

    Emanance Guest

    Perhaps it will all come down to negotiation skills.
     
  3. S. Ohno

    S. Ohno Member

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    Why do you say this?
    Because people in Japan buy only panda coins? :eek:
     
  4. unfunkable

    unfunkable Active Member

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    so gold in japan is spot +$500?
    if so, i'm hopping on a plane and unloading...
     
  5. JulieW

    JulieW Well-Known Member Silver Stacker

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    http://kingworldnews.com/kingworldn..._Run_On_Physical_Gold_&_Silver_Continues.html
     
  6. Marsi

    Marsi Member Silver Stacker

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    Would be nice to hear Worldbubbles opinion on premiums in Japan
     
  7. S. Ohno

    S. Ohno Member

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    I see. But that was April 25, a month ago. Also pure gold coins (maple leaf etc) are more popular here as far as I can tell.

    In coin catalogs and major shops silver eagles etc. are $60.
    It would be understandably difficult to find a normal price when just visiting Japan without knowing the language.
     
  8. JulieW

    JulieW Well-Known Member Silver Stacker

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    What is your experience of physical sales?
    Is there a lot of physical available?
    Is the London fix the measure?
     
  9. S. Ohno

    S. Ohno Member

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    I am a small timer. But yes physical is available.
    Last year I could buy it for under spot, but not now.
    Wait while I fetch my newspaper for details.
     
  10. S. Ohno

    S. Ohno Member

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    Price of gold (per gram, TOCOM - Tokyo Commodity Exchange) from major newspaper:
    4555 yen
    That is 141,674 yen per troy ounce.

    I can buy one troy oz. gold coins at the LCS for a 12% premium (including 5% tax)
    So that would be 158,675 yen ($1565 USD)
    $175 premium.
     
  11. JulieW

    JulieW Well-Known Member Silver Stacker

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    And the physical can be delivered immediately?
     
  12. S. Ohno

    S. Ohno Member

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  13. Mr Medved

    Mr Medved Member

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    The problem even with low premiums is volume... 1 seller for 50 buyers. :(
     

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