Boston area bank selling gold coins

[Sparky]

Now this is interesting. I was expecting to see them touting high-priced proof Eagles, or gouging customers on standard Eagles. But it says they are selling Eagles at 4% over spot, which seems very reasonable. Since they are probably not distributors, the bank is probably not making much of a profit on this; more of a customer service or publicity thing. I'm wondering if they are hedged during these harsh corrections, like dealers often are.

http://news.bostonherald.com/business/general/view/2011_0823going_for_the_gold_salesgoes_local_bank_s ells_precious_coins_to_investors/srvc=home&position=also

Got a kick out of this quote: "Kevin Romano paid about $1,900 last week for a Krugerrand, adding it to a small stock of firearms, canned food and bottled water that he keeps just in case." You'd think a prepper would know enough to avoid his name being made public like that.

[sirgonzo420]

Now this is interesting. I was expecting to see them touting high-priced proof Eagles, or gouging customers on standard Eagles. But it says they are selling Eagles at 4% over spot, which seems very reasonable. Since they are probably not distributors, the bank is probably not making much of a profit on this; more of a customer service or publicity thing. I'm wondering if they are hedged during these harsh corrections, like dealers often are.

http://news.bostonherald.com/business/general/view/2011_0823going_for_the_gold_salesgoes_local_bank_s ells_precious_coins_to_investors/srvc=home&position=also

Got a kick out of this quote: "Kevin Romano paid about $1,900 last week for a Krugerrand, adding it to a small stock of firearms, canned food and bottled water that he keeps just in case." You'd think a prepper would know enough to avoid his name being made public like that.

Like many preppers, he probably figures the "small stock of firearms" part covers him.

[JJ.G0ldD0t]

Like many preppers, he probably figures the "small stock of firearms" part covers him.

Right... I try to look as sheepy as possible.. I think its the best camo.
I actually get a little perturbed with myself when a neighbor sees me loading my truck to go shooting or when I get a UPS package that's clearly labled "FREEZE DRIED"

At least I can take some comfort in the fact that being a gun nut around these parts isn't considered strange.