Submitted by Tyler Durden on 05/26/2010 17:57 -0500
Coinupdate.com reports that prices at which the Greek Central Bank is selling one ounce gold equivalents are as high as $1,700 (40% over spot), and prices on the black markets are even higher. The punchline, as Athens slowly returns to a forced gold standard: " A popular spot for street vendors to sell their coins is near the Athens Stock Exchange. LINK...
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They say that fashionable trends start in Europe and end in America. Well folks, if gold is selling for 40% above spot in Greece now, and many economists say the financial crisis in Europe will come to America in the near term, then we would suggest buying your gold ASAP while the premiums are still low. Of course our opinion is biased, but we believe we are looking out for the best interests of our clients. GCC
