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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (2783)	12/28/2005 11:24:41 AM
From: critical_mass	Read Replies (2) \| Respond to of 217764

I took the plunge and bought some Maple Leafs and a smaller number of Krugerrands. It turns out that the second shop i visited was owned by someone whose brother was an acquaintance back in elementary school. Having a very small personal connection to the dealer, who has operated his jewelry, coin, baseball card shop for 13 years was important. It was interesting to hear him talk about recent business. As an aside: When you buy those yellow coins, how do you know that they are not some worthless alloy coated with some very expensive paint or coloring? He mentioned that he does a lot of business by mail and with Asians. He claimed that his Asian customers prefer 999 gold rather than the harder alloyed coins like Krugerrands. When gold hit its relative high in December, a lot of customers decided to unload the gold coins they had hidden away. Shortly thereafter, a different set of customers was just as eager to buy. Thinking along operational lines, there are a few questions to be worked out. In the event of financial meltdown followed by reconfiguration, how will i exchange those gold pieces for things that matter? Joe Coin Dealer might not be around. The alternative of worthless paper is certainly no better. Second, when will the optimal time be to trade those coins in for other assets? It seems that the answer is dependent on how things unfold.