SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?


To: Mark Bartlett who wrote (45182)11/20/1999 9:02:00 AM
From: long-gone  Read Replies (1) | Respond to of 116753
 
<<IMO this is a myth. I do not believe that much gold has been bought due to Y2K - but I suspect that mind set will be foisted onto some that do otherwise own gold .. "get rid of it while you still can" >>

I'd bet 3/4 of the 1/10th oz Eagles, Maple Leaves, & K-Rands sold over the last 7-12 months have been Y2k related. Good news is, the coin premium paid + trading fee make up a greater % of the total transaction price on these than the heavier coins. Thus, thus the great piles of 1/10 oz(y2k) coins are unlikely to return to the market, as the loss per coin could well run 15-20% in short term trading.
TRADES in anything always cost money! It costs nothing to hold.