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Peter's site
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www.MadmanPierre.com
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What is the value of Gold? (AU)
I work in both Canadian Dollars and US Dollars, so these charts are the best for
me. If you click on them, it will take you to the sponsor site where they have
lots more info on other precious metals and other currencies.
Interested in purchasing gold - the physical item, for
the going price? Normally you have to pay a significant premium to take physical
possession. However, if you are interested in purchasing with cash, from time to
time there is the opportunity to buy the physical gold in the Calgary area for the going
rate as posted above. Imagine - owining the physical gold for the same price as
owning a piece of paper that claims you own gold. This is much safer (in my opinion)
than owning the paper for a variety of reasons. For example, a company "crowne gold"
(they have a .com web site) talks about why you should own the real item. What is
interesting, is they claim they physically hold the real item for you, but a report
I received in April 2006 - a company that owned some of that physical gold couldn't
get their money out in cash because crowne gold didn't sell the gold when they were
requested, and the price of gold collapsed temporarily, so the company had to wait
until the gold prices returned before they could get their cash out. If you own
the physical gold - you know that you are secure and can sell it any time you want!
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