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

To: Chispas who wrote (89470)	9/10/2002 11:33:47 PM
From: Chispas	Read Replies (1) \| Respond to of 116818

Back in the '70's it was "popular" to buy SA gold stocks... They paid dividends more than the shares cost... (Those were the glory days.) A question... If the upcoming rise in gold does materialize, where would a 5% of portfolio be well invested in SA gold miners...? (I've been out-of-it for many years, and would appreciate comments....)

To: Chispas who wrote (89470)	9/10/2002 11:38:38 PM
From: goldsheet	Read Replies (1) \| Respond to of 116818

> Where did the gold come from...for my one ounce American Eagles... The Gold Bullion Act of 1985 states: “(3) The Secretary shall acquire gold for the coins issued under section 5112(i) of this title by purchase of gold mined from natural deposits in the United States, or in a territory or possession of the United States, within one year after the month in which the ore from which it is derived was mined. The Secretary shall pay not more than the average world price for the gold. In the absence of available supplies of such gold at the average world price, the Secretary may use gold from reserves held by the United States to mint the coins issued under section 5112(i) of this title. The Secretary shall issue such regulations as may be necessary to carry out this paragraph”. REF: izagg.com > I have 300 from various years...the first ones are dated 1987... By the way, first year of issue was 1986.