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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: mc who wrote (39662)	8/26/1999 9:22:00 PM
From: longtom	Read Replies (2) \| Respond to of 116811

American Century Mutual Fund, Global Gold. It mirrors the xau. Very volatile, no load.

To: mc who wrote (39662)	8/26/1999 10:24:00 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 116811

mc - (...I have become interested in purchasing gold. What is the best way to go about this? Are coins better than bars? What kind of coins are best? What kind of spread can I expect from dealers? How high above the spot price is reasonable to buy and how much below spot to sell?...) I don't believe that your questions have right answers, just different opinions depending on your expectations of a variety of future events. Some opinions follow - A given gold coin is worth only what you can sell it for at a given time. Some of the considerations that a possible buyer, if any, may use are - 1. gold content by weight and the current price of gold. 2. collector value due to rarity, history, artistic merit, etc. 3. possible face value, if legal tender, and the appropriate currency exchange rates at a given time. 4. general acceptability as a medium of exchange if legal tender status is not useful due to possible political breakdown, etc. see - tulving.com for some possibilities and comparison purchase prices. If you could buy a U.S. gold coin which had legal tender status and whose gold content was equal to its face value, you would have a virtually risk-free (ignoring a possible repeat U.S. Government gold confiscation program) exposure to gold. Unfortunately, only a further decimation of gold will bring this about. The closest thing is apparently modern gold Austrian Schillings, which are of the rough order of a 70% premium in gold value to their face value in Euro equivalents. This of course adds the risk of dollar appreciation vs the Euro if the face value actually were to exceed the gold value. Regards, Don