[quote=ucodegen]
Of course you will buy it below current market prices… this tells me that gold may be in a bubble. You really don’t want to hold onto it for very long – just a ‘quick flip’ – buy it at discount, sell at current market. If you were willing to pay a premium above current market, then it tells me that you really feel the price will go up enough to cover the premium you would be paying. But you are not offering a premium, you are offering to buy at a 20% discount..[/quote]
I think the test is, if you started off with gold, would you trade it in for U.S. dollars at the current market rate?
