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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: Bobby Yellin who wrote (4954)	12/30/1997 4:31:00 PM
From: lorne	Read Replies (3) of 116759

Hi Bobby I did go to the TD bank to purchase gold, Maple leaf or wafer. It was my intention to get $20,000.00 in Canadian maple leaf currency,I would have to purchase these coins in $US so right off the top the exchange rate comes off then I would have to pay PST at 8% on the full $20,000.00 so I would end up with about 15,000.00$ worth of Maple leaf coins. The wafers were also in $US but no PST. Never thought to ask the bank if they would purchase back the gold if the price ever got to 1000.00$/oz So I think the exchange rate and the PST may stop a lot of average canadians from purchasing gold.

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