Leader Bank sells gold coins (!)

Quote:

---

With stocks tanking and gold hitting all-time highs, the Arlington-based bank recently began marketing gold coins to investors — apparently the only Hub bank to do so.

“There’s so much uncertainty in financial markets these days that people are looking for other ways to invest,” Leader Bank President Sushil Tuli said. “The stock market isn’t doing well and bond interest rates are next to nothing, so people just seem to have more confidence in gold.” ..

---

http://news.bostonherald.com/busines...icleid=1360680

More people losing faith? 4% markup over spot price of metal isn't bad.

Quote:

---

Originally Posted by stoneFree

http://news.bostonherald.com/busines...icleid=1360680

More people losing faith? 4% markup over spot price of metal isn't bad.

---

:D!!!

Didn't know any banks were doing this!

Wait for the next good drop, then move in.

Quote:

---

Originally Posted by shikamaru

:D!!!

Didn't know any banks were doing this!

Wait for the next good drop, then move in.

---

I am looking for gold to take a nose dive soon maybe a reduction of about 20 percent just to flush out those who thought to jump on board at the last hour. The Bull will not abide an ignorant investor jumping in at the last hour. Those will be cut off - as usual - and then the Bull should charge up way past 2k. Only time will tell; yet, the models incorporating PHI [wave theory] are very strong.

Quote:

---

Originally Posted by Michael Joseph

I am looking for gold to take a nose dive soon maybe a reduction of about 20 percent just to flush out those who thought to jump on board at the last hour. The Bull will not abide an ignorant investor jumping in at the last hour. Those will be cut off - as usual - and then the Bull should charge up way past 2k. Only time will tell; yet, the models incorporating PHI [wave theory] are very strong.

---

I would love to buy gold, but it is terrible oversold.

I'll stick to silver in the mean time. Acquisition of that metal is still relatively "cheap".

The historical ratio of silver to gold (16:1) in the market is out of balance. I say load up on silver in order to hold until correction.

Quote:

---

Originally Posted by shikamaru

I would love to buy gold, but it is terrible oversold.

I'll stick to silver in the mean time. Acquisition of that metal is still relatively "cheap".

The historical ratio of silver to gold (16:1) in the market is out of balance. I say load up on silver in order to hold until correction.

---

I concur - the poor man's gold.