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Gold/Mining/Energy : Gold Price Monitor

GDXJ 110.89

+1.8%

Dec 10 4:00 PM EST

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To: philv who wrote (3711)	12/1/1997 8:19:00 PM
From: Jaakko	of 116806

Rich and Phil When I talk about PHYSICAL gold I mainly mean bullion coins. They are normally accepted by the buyer without authentication (assaying) and are generally honored in many parts of the world. The premiums over gold bars are in the order of 3 to 5% but you recoup part of it when you sell them (these are not short term trading vehicles buy any means but something that you put away for bad times). The Canadian Maple Leaf is probably the purest gold bullion coin around and because of its high gold content has certain tax advantages at least in Canada. If you buy them in Alberta you are not charged Provincial Sales Tax. Shipping by courrier is fairly safe as very few packages ever gets lost in deed by them. Of course, if you buy a very large amount you would probably find Brinks truck more meaningful for their charges or you would go in person if you think you could carry the coins without streching your arm permanently (my case :-)

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