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Gold/Mining/Energy : Gold Price Monitor

GDXJ 99.85

+6.2%

Nov 24 4:00 PM EST

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To: long-gone who wrote (51727)	4/19/2000 1:09:00 PM
From: goldsheet	Read Replies (1) of 116764

> I would guess the premium would be far lower on a 10 tola bar than on 3 "full Eagles" + one "1/2 Eagle" + one "1/4 Eagle"!!! Not really. Harmony's partner Baird & Co. is selling 10 tolas for 682pounds in the UK, which is $US1078 ajpm.com would sell the combination you suggested for $US1087 You save $9 (under 1%) on the buy side. More importantly, how much would you lose on the sell side ? Dealers want highly marketable bullion coins, not strange weight bars. If I were a coin dealer (and I was for 10 years), I would probably buy tolas at 95-98% of melt value. Common highly marketable bullion coins have a bid/ask spread of about $8/ounce. There really is not much of a premium to save.

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