http://news.coinupdate.com/panicky-greeks-paying-for-physical-gold-0293/
"Bank officials estimate that at least 100,000 other coins changed hands on the black market. The Bank of Greece has received as much as $409 per coin, which works out to a price of more than $1,700 per ounce of gold! Prices paid on the black market are reckoned to be even higher. A popular spot for street vendors to sell their coins is near the Athens Stock Exchange. There the traders wait for citizens to bring payments received from unloading their paper assets like stocks and bonds."
"As each day passes, the risk is growing that owning any form of "paper gold" could turn out to be as worthless as the paper currencies used to purchase it. While you still can, you should protect yourself by converting such "assets" into real physical gold."
The question is when this panic will come to America?
James Rickards put this article into perspective – "There is no gold market. There is a paper gold market & a bullion market with a $500/oz spread."
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