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Rand Refinery Runs Out Of Krugerrands

Discussions about the economic and financial ramifications of PEAK OIL

Rand Refinery Runs Out Of Krugerrands

Unread postby mattduke » Thu 28 Aug 2008, 17:20:07

Rationed Gold Eagles.
Rationed Silver Eagles.
Silver bars unavailable.
Now Krugerrand news.
But you can buy as much paper gold (GLD) and paper silver (SLV) as you like.

http://www.bloomberg.com/apps/news?pid= ... H4WhPh1WJ0
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Re: Rand Refinery Runs Out Of Krugerrands

Unread postby pedalling_faster » Thu 28 Aug 2008, 17:41:14

an order for 5000 ounces was enough to exhaust their resources ?

that doesn't seem right.

but, if they say they don't have stock, i believe them.
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Re: Rand Refinery Runs Out Of Krugerrands

Unread postby Denny » Thu 28 Aug 2008, 19:30:43

I have been following junk silver lots on eBay for the past six months or so, and the odd gold coin. They never seem to have come down in price since April, althugh the general market price has for the commodities involved.

And, the frequency of gold coins for sale has gone down too. Funny, you'd think with economic problems, folks wold be looking to sell off stashes of coins to meet obligations. I just figure those who are savers by nature, enough to hold some of these coins, are not getting into economic hot water.
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