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Pastimes : Nostradamus: Predictions
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To: TD who wrote (614)3/15/1999 7:57:00 AM
From: KobaltBlauw   of 1615
 
Hi TD,

I know you didn't address this question to me but I thought I put in my two cents worth. There's an interesting thread about gold coins at Subject 23132

I don't think it's just the small bullion 1/10 & 1/4 ounce coins carrying big premiums these days. Up until the past several months I've always bought British Sovereigns as my bullion holdings. Their premium was around 6%, they're recognized all over the world, they fit nicely in nickel tubes and from what I've read lately they may be exempt from the tax on gold coins in the EU due to their purity (for those of you who travel to or live in Europe). However, the premiums on these coins are now around 21%! My preferred dealer tells me it's taking around 3 weeks to fill most customers orders on most types of gold coins. I used to get same day turn around back when I was paying 6%. Currently his premiums on 1/4 & 1/10 oz gold Eagles is 16.1% and 33.8% respectively.

As far as inventory, I understand that gold flies out the door almost the instant they purchase any for inventory. Says this is the busiest they have been in many, many years.

At this point I'm kind of concerned about what's going to happen to the POG and coin premiums after Y2K. Especially if it turns out to be a non-event. Will the masses then just dump their holdings without regard or will they understand that what they're holding in their hands is not somebody's elses promise to pay but something that actually has value in and of itself?

Have to get back to work...

Bill
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