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

To: d:oug who wrote (61642)	12/3/2000 1:17:21 PM
From: goldsheet	Respond to of 116764

> First, when is a coin not money? By definition a "coin" is always "money" even if it is only government fiat money. Any metal fashioned into an ingot or a round thing is a "medallion" or "metal" When a government puts a denomination on a "medal" it becomes monetized and becomes a "coin" Examples: A generic one ounce silver round or most of the things that look like coin designs but minted by private mints ar "medals" A one ounce silver American Eagle or Canadian Maple leaf has a dollar denomination on it, therfore it is a "coin" Gpvernments have rules regarding the copying of their design and it usually has to do with siz. If you make a ounce ounce medal that looks like a one ounce American Eagle coin, that's illegal. If you make a troy pound medal using a one ounce coin design, that's OK.

To: d:oug who wrote (61642)	12/3/2000 1:30:40 PM
From: goldsheet	Respond to of 116764

> Buy physical gold in 1/10 ounces Spreads are too wide for small denominations. With bid at $27 and ask at $29.50 , you need about a 10% gain to get even. As long gone has suggested, one needs something like an no-load mutual bullion fund or an ishare traded on the NASDAQ to reduce transaction costs. > ok Bob let get down and dirty and get real, is physical gold NOW a good safe investment. IMHO, gold is a primarily a commodity and traded as such and all commodities are speculations. I have not bought physical gold or silver in a decade because of the hassle dealing with storage and transation fees. Buying stocks is still so much easier, which is why we need a gold and silver ETF (exchange traded fund) P.S. Be wary of claims of "as much as 86% gains" in selected coins, since spreads on numismatic coins are often higher than on bullion. You may buy 10 coins for $100K, have one go up 86% and the other a little for a new value of $110K, but when you go to sell them you get bid, maybe $100K = flat !