With all this crap going on with NGE, will this effect Gold prices?

YaHa

I was sittting here thinking this could spike the price of GOLD big time since the figures of this NGE company has a large quanity in questioned at the moment.. Can someone with more insight on this theory offer anything.

Shortgapbob

I wonder if it may temporarily affect the amount of gold coming in from Europe as I believe that they were one of the companies with European operations.

wayneherndon

NGE, no. One of these, maybe.

WH

YaHa

<< <i>NGE, no. One of these, maybe.

WH >>




Godzilla made number 9 Wayne.. Geeze, I had a chance to party with him one time and was scared he would eat me, so I pass on the chance.

joebb21

Ive been hearing quite the opposite. most dealers Ive been speaking to (except 1 and only one very large firm) have been looking to pay much further back then normal for all "generic" pieces of gold, especially the double eagles.
this was just my experience
-joe

WTCG

As big as people involved in numismatics think the industry is, not enough gold is traded at any given coin show to actually influence the spot price of gold.

While NGE has removed their CCE bids on certified gold, there are at least two strong bidders who are currently bidding on slabbed generic gold graded by PCGS or NGC (NGE was usually the sole bidder for ICG graded material). As we all know, it only takes two willing buyers to drive prices higher.

KentuckyJ

Get real. There is no chance of this essentially little incident impacting the monster world wide gold market. This is day old ++ news. Have you seen the price of gold sky rocket? No? In fact, gold has dropped a good 20-30 $ just in the past 72+ hours.

BAJJERFAN

<< <i>I was sittting here thinking this could spike the price of GOLD big time since the figures of this NGE company has a large quanity in questioned at the moment.. Can someone with more insight on this theory offer anything. >>



You mean the large quantity that they had or the large quantity they were supposed to have had?

YaHa

<< <i>

<< <i>I was sittting here thinking this could spike the price of GOLD big time since the figures of this NGE company has a large quanity in questioned at the moment.. Can someone with more insight on this theory offer anything. >>



You mean the large quantity that they had or the large quantity they were supposed to have had? >>




I guess both..But mainly what they were suppose to have.. It seems a company like that can do a lot of damage of buying and selling every few weeks to make the market play see/saw if you know what I mean.. thanks for any help.. Yaha

oreville

Can I use Japan's mascot as my security system?

I LOVED Godzilla as a kid.

KentuckyJ

> It seems a company like that can do a lot of damage of buying and selling every few weeks to make the market play see/saw


One more time ... Are they Goldman Sachs? No. Are they a major world government? No. Can they do much of anything to change the gold market? No.