eBay Gold Dealer Sees Business Sextuple, As Prices Hit Nearly $2000/Oz.

gold ebay

[credit provider=”eBay” url=”http://cgi.ebay.com/1998-50-GOLD-American-Eagle-1-OZ-FINE-GOLD-NICE-/280720171485?pt=LH_DefaultDomain_0&hash=item415c39e1dd”]

Amid last week’s market craziness, sales of gold went nuts on eBay, according to a report from AP.On Wednesday — which was the worst day for both the dollar and US equities — the average price of US Mint-manufactured gold rose to $1952/oz. That’s about $130/oz higher than gold futures got that day.

Of course, there’s always going to be a premium for the real, physical metal when people are worrying about collapsing governments/currencies, etc.

Another interesting stat: Great Southern Coins — supposedly the largest dealer on eBay — has seen is business quadruple in the last 45 days, and daily sales last week grew six-fold.