I tried to buy some gold bullion coins in Sydney at Jaggards.

Not possible, I was told. There is such a strong demand that there is a minimum four week delay…

Now let me get this right. If there is a free market for a commodity, isn't the price supposed to ensure that supply and demand are balanced?

And there is one other thing: If you want to lock in a price ahead of delivery you have to order more than 25 ounces.

I have read that there is very strong demand in the US for gold and a lack of supply. Finding that the same applies in Australia makes me think that there is a fundamental problem with the current price.

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Posted in Economics Main Page by Chris Gilbey No Comments Yet