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Gold/Mining/Energy : Gold Price Monitor

GDXJ 98.59

-2.8%

Nov 13 4:00 PM EST

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To: IngotWeTrust who wrote (77743)	10/1/2001 3:18:12 PM
From: Tommaso	Read Replies (4) of 116759

No, I don't buy anyone's bilge. The U. S. dollar is currently most people's favorite liquid asset and temporary store of value. The German Mark, I understand, was the favorite in Yugoslavia during the Kosovo troubles. There are hundreds of billions in U. S. currency circulating outside the United States. Where are these border guards whom you have encountered and bribed with small amounts of gold? I own quite a bit of physical gold and I am not at all comfortable having it on my person. I am talking about Kruggerrands and Maple leafs, not 14k jewelry. I would be unable to get through an airport metal detector without letting go of it and letting everyone see what it was. If I want to sell it, I have accept a big spread on the quote. It's not convenient for any kind of transaction. The only thing I can see is that someone who wanted to evade capital gains taxes might take gold in a car to Canada and sell it at a bank there, but even then there may be reporting requirements. As a dealer, are you required to report an possibly illegal transactions? Actually the only dealer I had anything to do with in person was one who bought the sterling silver that someone stole from my sister, accepting the explanation that the 17-year-old who brought it in had "found it in the attic."

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