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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: SiouxPal who wrote (8944)3/3/2005 12:26:22 PM
From: Skywatcher  Read Replies (1) | Respond to of 361428
 
Blues states giving a LOT more than the voting reds
icasualties.org



To: SiouxPal who wrote (8944)3/3/2005 12:39:51 PM
From: redfish  Respond to of 361428
 
I subscribe to Bill Fleckenstein's site and he likes NEM or one of the gold ETFs or CEF, which actually owns the physical.

I've gotten burned more than once with the crap gold stocks. I'm not going to risk losing my ass because the rand is too strong. My experience is when the market pukes big, the gold stocks go right along with it.



To: SiouxPal who wrote (8944)3/3/2005 12:42:53 PM
From: bentway  Respond to of 361428
 
I'm probably not the one to ask, as this is the first time I've ever bought gold. I bought gold stocks on advice I got, although I really like of idea of just having some bars or coins laying around! Lots of coin dealers on the web, and countries that mint gold coins and/or bars - including us.



To: SiouxPal who wrote (8944)3/3/2005 2:56:06 PM
From: Wharf Rat  Read Replies (1) | Respond to of 361428
 
I mostly go with the metal itself. Same reason as Chris or Red, or whoever said it; I want it in my hand. Tangible asset.
I do have CEF; Canadian closed end fund, which holds Au and Ag. It may also benefit from the $ falling against the Loony.
Have a little Harmony Gold, a little PAAS, from when they bought out Corner Bay. Mostly, I stay away from the stocks.

I buy my coins from the local dealer. Most have about the same prices. I buy in $1K lots, when I save up the money. Avoids the 7% Calif. sales tax. Buying in person saves S&H fees.
I figure metal is metal; doesn't matter whose name is stamped on it. 9 out of 10 Chinese won't care if it is the Eagle, or a Swiss Franc, or the politically incorrect, and therefore cheapest, KRand. All they see is the shine of the metal. Last few times, I've been buying 2 oz of Au ( he recently has had only US Eagles) and the balance in silver.
I haven't bought any rounds yet, but they are the cheapest. Put out by the producer, with their name on it; so what, gold is gold.
I haven't been buying any numismatic quality stuff. No proof sets, etc. I figure the premium won't be worth it; the metal should appreciate more than the collectable. 9 out of 10 Indians know squat about Proof. 9 out of 10 Moslems don't care diddley about Maple Leaves, eh? Metal is metal. 9 out of 10 constipated babies don't give a shit.

Rat