Gold Prices crashed but new buyers are happy

Gold Prices crashed but new buyers are happy

Gold prices
Gold Prices crashed on april 15 2013. The gold market hasn't seen this decline with this magnitude in one day in over on the gold etf in over Ten years. While some claim that the marketplace needed this correction. Speculators with weak hands were dumping their gld stock fast and swift tomorrow. Now many get their reason of why this happen for instance that Cyprus announcement of getting to pay for their bills by selling there gold . Within the same weak Goldman Sachs lowering their gold expectation significantly down. Whatever the true reason behind the landslide of Gold stock on that day we can surely see the result of that days fury. Old and new buyers of physical gold came running in and wanted there practical any physical gold they could get. Asia and saw a huge leap in physical gold sales as well as in america Gold american eagles and Canadian maples leafs sales hit all times high. Many popular dealers websites all showed out of stock or delayed orders on many gold bullion. So what we have seen here a true test of the we have seen the paper value of gold and the popular how the physical is generating. That differences cannot be greater than obvious. The paper market doesn't reflect what exactly is actually the physical market demand is saying or doing.

Gold prices
Now silver too took a huge dump having its golden counterpart. Silver is a more volatile market but its nose dive was for seen as it tends to follow golds direction. Silver lost over $4.00 dollars overnight on April 15 which also made industry uneasy.But low and behold another there was clearly one more thing to be learned about the gold crash for your silver naysayer.Silver dealers were flocked as well with new and old buyers that have been waiting for this opportunistic time for you to get into the silver shiny white metal market we call silver. Personally I new some people who were waiting on the sidelines for this chance to enter and grab just as much ounces that can afford with this giant dip within the silver market. There wait wasn't in vain but short-lived. Many online dealers also proclaimed and swarm of orders they didn't expect. The web Amount of sales in gold bullion and silver bullion as some dealers say would be a stampede. Currently you may still find many silver bullion backpacks are unavailable or are having a minimum of a few weeks delay on delivery. We can become familiar with a lot using this gold crash on April 15. One is being ready for anything and also to prepare yourself when opportunity knocks. And also to remember that the Gold etf is peg to the physical price of Gold. Both markets are moved and shake by other forces. The paper gold can impact the physical price but physical demand from customers has a mind of the own. Hopefully 1 day soon both will come to eye to eye understand.