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Gold/Mining/Energy : Gold Price Monitor

GDXJ 136.03

+6.2%

Jan 20 4:00 PM EST

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To: CuriousGeorge who wrote (4036)	12/10/1997 1:43:00 AM
From: Jaakko	Read Replies (1) of 116895

The answer to my question regarding leverage of NUMISMATIC coins is actually contained in your post #3862:<<These coins currently sell for about US$1000.00, they have a 1989 high of $5400.>> I.e. you are pointing out a NEGATIVE leverage factor of NUMISMATIC coins, since gold bullion (and BULLION coins) certainly didn't drop from 1989 to present by a factor of 5.4 but rather by a factor less then 2.0!!! The statement in your same post : <<less risk, if gold were to go to $200, (an additional 1/3 drop), MS/65 Saints would drop only about 5%>> seems to be in stark contrast to the negative leverage factor of 5.4 made above and is probably made by a dealer eager to sell these coins to you or someone else. Why would anybody think they would only drop by 5%??? Their gold content is probably less than an ounce, so the floor price of support from gold content would be less than $200!!! Am I missing something here??? Message 2888598

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