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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Jim Willie CB who wrote (605)6/23/2002 12:10:49 PM
From: Wharf Rat  Respond to of 89467
 
I don't think it is entirely a function of purity. US and SA are both .9166, the others .999, yet the US premium is about the highest.

I'd say patriotism, but Au is a world market, and the prices are supported by consumers thruout the world, not just here. If SA has big political changes, (even ceasing to exist), the coins still say one oz pure gold, so I am not sure that is the answer, either. (Actually, if SA is no more, there would probably be a numismatic premium for a non-existent country). I see how their politics might effect SA mining stocks, but Au rocks whatever the politics.

Rat



To: Jim Willie CB who wrote (605)7/3/2002 11:26:04 AM
From: Wharf Rat  Read Replies (1) | Respond to of 89467
 
I asked a coin dealer about the cheapness of the KRand vs the other coins, and you are at least partially right.

He said that, back when the KRand was the only coin in town, it got hit hard by the apartheid mess, and never really recovered from it. Since then, a number of other countries began issuing coins, so that there was competition. Also, he said, and I agree, many of the other countries produce prettier coins.

Rat


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