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March 4, 2010 / Hal (GT)

9 Tonnes of Gold purchased this week and BofA exEmployee.


I’ve been a bit short on time today due to work and a bad internet connection. Right now the spot price of gold is $1,132.70. Looks like the precious metals saw some pressure today. Profit taking and dollar pressure I’m guessing after the action the past two days. I get a since that everyone is holding their breath for tomorrow’s February jobs numbers. I’m not holding my breath. I’ve already stated what I think about them.

But here are two things I think worth checking out.

Eric Sprott Has Purchased Nearly 9 Tonnes Of Gold Bullion This Week

The Sprott Physical Bullion Trust (PHYS) is now holding 286,870 ounces of gold, with a market value of $327,003,510. The estimated net proceeds of their IPO are approximately $390,000,000, possibly higher depending on total fees for the IPO and initial bullion purchases.

That’s something to think about.

And here’s something to watch concerning banking practices and credit card debtors.

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