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APMEX offers big premiums to purchase gold and silver eagles
8:30p ET Monday, April 25, 2011
Dear Friend of GATA and Gold (and Silver):
Zero Hedge reports tonight that a major precious metals dealer, American Precious Metals Exchange (APMEX) in Oklahoma City, today began offering a $38 premium over the spot gold price to purchase any amount of 1-ounce U.S. gold eagle coins and a $3 premium to purchase any amount of 1-ounce U.S. silver eagle coins. The APMEX flyer reproduced at Zero Hedge says the premiums are offered so the firm can meet "incredible" demand from buyers. After all, even imaginary Comex gold and silver are getting a bit pricey lately. The Zero Hedge report is headlined "APMEX Starts Reverse Inquiry: Seeks to Buy 'Any Quantity' Of Silver from Clients at $3 over Spot" and you can find it here:
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
The Gold Standard Now: It Can Work
Today a dollar is worth 80 percent less than it was 40 years ago, and less than 5 percent of its value a hundred years ago. We deserve a dollar that is as good as gold, a dollar that will hold its value from year to year so we can be financially secure and our economy can generate more and better jobs.
For most of America's history, our dollar was literally as good as gold. But on August 15, 1971, our politicians destroyed the link between gold and the dollar. They destroyed the foundations of our economic system.
A new Internet site, TheGoldStandardNow.org, provides news and cutting-edge analysis about this most important issue and explains how the gold standard worked in the past and how it can work in the future. Visit us today:
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An Evening with Bill Murphy and James Turk
Sponsored by Deutsche Edelmetall-Gesellschaft
Friday, April 29, 2011
Hofbrauhaus, Munich, Germany
World Resource Investment Conference
Sunday-Monday, June 5-6, 2011
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Savoy Hotel, London, England
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Canuc Resources Pursues Ecuador and Nova Scotia Gold Projects
Canuc Resources Corp. (TSX: CDA) has confirmed high-grade gold and the potential for large-tonnage, low-grade copper and gold mineralization at its primary asset, property in the historic Nambija gold mining district in southeastern Ecuador.
Last November Canuc took an option on the Mill Village gold property in southwestern Nova Scotia, which includes two past-producing mines. Canuc plans to begin surface and underground exploration at Mill Village in the next several weeks, financed by $2 million recently raised through a private placement.
To generate immediate income, Canuc is acquiring MidTex Oil and Gas Co., owner of a producing gas well and a lease on 320 acres in Stephens County, Texas.
Canuc's CEO, Gary Lohman, has more than 30 years of experience in the mining industry, primarily as a geologist, and the company's officers include similarly experienced people.
For more information about Canuc, please visit http://www.canucresources.ca/.