Claims from one popular precious metals analyst that gold is trading above (US) $2100 (per ounce) ... could it be true?

This would be more than a $400 premium to the spot price.

I decided to take a look around at what is available in Australia at the moment.

THREAD

The first online bullion dealer I visited was displaying a sign that they have suspended trading... interesting, perhaps the rumours are true after all

The next dealer had only a single variety of 1 ounce gold coins & 1 ounce gold bars available, with most showing 'sold out'. I tried to add 10 of the 1 ounce gold bars to my cart, but on review it would only allow me to add 6, which suggests they are low on stock. $166 over spot.

Another popular Australian dealer has a number of 1 ounce gold bars listed, including their 'low premium' bars at $75 over spot (I think normally they would be more like $40-50 over spot). Their shop is closed, so I can't see if I can add them to cart, but appear to be available.

This dealer was headlining their site with "DELAYS EXPECTED". Lots of gold items listed only as 'backorder', but they do appear to have 50g gold bars available for only $126 over spot, which isn't a bad premium.

The bottom line is that retail availability of gold in Australia does appear quite tight, but not to the extent that some gold salesman would have you believe.

At the moment I can still purchase physical gold for prices well less than a $400/ounce premium over spot.

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