Remember the website Didthesystemcollapse.com?
This was a site that compared the physical gold price in the East to the “paper” gold price in the west. The purpose was to see when the prices got so out of whack that there was a problem in the monetary system.
I don’t know what happened to that site, but it is no longer working. So I decided to set up a similar site where I compare the spot and physical price of gold in the US by comparing the Ebay price for physical to the spot price on Goldprice.org.
Since the Corona Virus Pandemic Scare started making headlines, the premium on physical gold has increased phenomenally. I used to be able to get a 1 ounce Gold Eagle for about $75.00 over spot – not any more.
For example, you could have purchased a 2011 Gold Proof Eagle in Box on December 8, 2019 for $1,540.88 when the spot price was $1,459.10. This was $81.78 over spot which represented a 5.6% premium.
Published by: Gregory Monte