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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 375.93

-1.8%

Nov 14 4:00 PM EST

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To: Cactus Jack who wrote (2911)	12/29/2005 3:16:53 AM
From: 8bits	Read Replies (2) of 217789

If you want an interesting run down on the gold market (in the US) I would suggest talking to this fellow: lewrockwell.com He tends to only come in during the afternoons (West coast time) these days. Check out this article: lewrockwell.com he's both knowledgeable and humorous. My understanding is the Krugerrand was the first gold bullion coin hence the high number and availability in the secondary market. (Dealer to dealer where markup is less as opposed to coming directly from a government mint..) IE Supply and Demand tend to well matched. Actual gold content of the Krugerrand is 1 ounce but it's fineness is .916. (US Bullion coins are the same..) The Austrian Philharmonic coin, The Australia Kangaroo, and the Canadian Maple are all .999. Other common bullion coins with low mark up are the Austrian 100 Corona and Mexican 50 Peso piece. Both of these are restrikes of older coins. (However the weight on both of them is not 1 oz.. the Austrain Corona is .98 ounces and the Mexican Pesos are 1.2 ounces..) Fineness on these two is .900. I think the issue with the Corona and Peso coins is the high availabity in the secondary market. Two advantages that the American Bullion coins have over the other bullion coins (and which explains their higher markup): 1) Private and non-reportable — Unlike most gold bullion, American Gold Eagles are non-reportable the IRS by brokers. Other modern issue world bullion coins like Canadian Gold Maple Leafs, South African Gold Kruggerrands, Austrian Gold Philharmonics, and Chinese Gold Pandas are reportable to the IRS when you sell them to gold dealers in increments of 25 ounces or more. American Eagles are exempt from this reporting requirement. 2) Eligible for Individual Retirement Accounts — Unlike other gold bullion coins, American Eagles are eligible to fund IRAs.

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