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Gold/Mining/Energy : Gold Price Monitor
GDXJ 93.03+3.0%Nov 7 4:00 PM EST
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To: IngotWeTrust who wrote (93807)2/26/2003 4:31:03 PM
From: goldsheet  Read Replies (2) of 116753
 
Just trying to give Enigma a quick/dirty answer, not write a PHD thesis ;)

Once Homestake could get $35 an ounce for all the gold it could deliver to the US Treasury it became a profit machine with huge dividend payouts.

I understand your points regarding gold confiscation, but fortunately many numismatic coins escaped to Europe before the law was modified to exclude them. I recall something like 2/3 of all $20 gold pieces ever minted were melted !
It is surprising one can still buy them for not much over melt.
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