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To: JagBrad who wrote (81858)12/15/2000 4:07:38 PM
From: RWS  Read Replies (1) | Respond to of 95453
 
For bullion check out CEF.

RWS



To: JagBrad who wrote (81858)12/15/2000 4:08:28 PM
From: Second_Titan  Read Replies (3) | Respond to of 95453
 
Another record today? Rig count screaming....

Will we see OSX 165 in May-July 2001? I am hoping so.

biz.yahoo.com



To: JagBrad who wrote (81858)12/15/2000 7:24:30 PM
From: Big Dog  Read Replies (1) | Respond to of 95453
 
Brad, The Dog likes RARE gold coins to limit downside. Like the Liberty or St. Gaudin $20 gold coins. These guys only get older and rarer, and will also respond to the price of gold as it moves higher.

The rare coins (as opposed to the bullion coins) have a value that is distinct and separate from the price of gold.

For example, I bought some of these babes about 5-7 years ago and paid $400 per coin while the price of gold was $370 (or was it $340?) Anyway, the coins have gone up slightly in value while the price of gold has dropped a hundred bucks.

big



To: JagBrad who wrote (81858)12/15/2000 9:31:55 PM
From: jim black  Respond to of 95453
 
I disagree as far as rare coins. You pay a premium for $20 St Gaudens of Liberty $20's and we have absolutely NO idea how many of these are in Swiss or other foreign accounts.The dealers fail to mention that our government sent alot of those overseas to pay debts. How many were melted down???
Actually YOU SHOULD NEVER BUY BARS!! Who is going to take a bar without a meltdown and assay? The fee is substantial.
Long before the US was selling coins there were other bullion coins, e.g. the Mexican 50 Pesos piece with 1.2 tr.oz, or the Austrian 100 Corona or the Hungarian Kronen
each with .9802 ounces, all readily recognizeable and selling with reputable dealers for a fraction of the premium
of US pieces. Our US coins are the most beautiful in the world but the premiums can run to 5.5 to 6 %!! Too much for my taste. Krugerrands are also usually a bit cheaper. NEVER
NEVER leave your coins with the dealer for storage. Get your own safety deposit box. The last coins I bought a few years ago were from a long time dealer in Seattle. He went bust and everybody who had left their coins with him lost their coins.Lucky for me I was paranoid about leaving them even with a "very reputable" firm. All FYI and good luck. I like the old addage that one buys gold coins and hopes the price goes down, i.e., every other investment is doing well.
Jim Black