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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Fishfinder who wrote (3554)	5/6/2002 12:32:23 AM
From: d:oug	Respond to of 39344

off topics, paper gold and gold coins Message from Scott... Sundays update from Len Kaplan and the Bullion desk. thebulliondesk.com ... purchases of gold... There has also a "sea change" in the nature of such investment demand. Previously, buyers of gold participated in the "physical" markets, buying bars or coins. Now, recent buyers of gold are demanding "paper" gold through the derivatives, futures, or options markets. They want the leverage and the safety and security of dealing in a completely regulated environment. ... are also seeing that the old-time investors in gold are actually selling into this rally, and not much physical buying is occurring. ... premiums on gold coins such as US Eagles remain quite low and well below replacement costs at the US Mint... a better example is the sad case of US $20 Liberty Head gold coins... for just $15 to $25 USD...above their precious metal melt content ... and are shunning the old investment vehicles such as coins. I would expect that this trend will continue, to the financial detriment of those owners of physical gold coins and bars. I urge readers of this commentary, who hold physical coins, to call our offices... for a discussion of possible strategies to avoid further losses... many analysts and I foresee, gold coins may continue to lose value in relation to their gold content...