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<p>[QUOTE=&quot;Otter, post: 448413, member: 3464&quot;]<b>Goldline</b></p><p><br /></p><p>The CEO of Goldline as on CNBC today.&nbsp; During the interview he said that historically 1oz American Eagles used to be sold at a 4% premium over spot with his firm taking 1% and the supplier/govt getting 3%.&nbsp; He said today, its more like 12% with the average premium ~$90 over spot.</p><p><br /></p><p>I was in a local coin shop yesterday...they said that their supplier could not provide product (gold) but was willingly buying....supply/demand is out of sync right now and its probably WAY OVER DONE...so that buying bullion right now for investment purposes is probably less than desirable.&nbsp; However, if its going to be used as a hedge against future inflation or a major global economic meltdown, then sooner rather than later might make sense.</p><p><br /></p><p>While holding hard commodities at some level is wise, if things truly go &#039;to heck in a handbasket&#039;, I would rather be holding something to eat....but I doubt we are that bad.[/QUOTE]</p><p><br /></p>

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