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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: Nadine Carroll who wrote (411026)	2/16/2011 8:35:28 AM
From: Katelew	Read Replies (1) \| Respond to of 793578

Thanks so much. I'll tell her because now and then we've wondered. My husband and I near ruined a Mexican vacation hunting down 50 Peso gold coins. It was 1971 or 72 and we were in Mexico City when the news broke that gold would no longer be pegged at $35 an ounce. Then we learned at breakfast that lines were forming at local banks, people trying to buy the coins. We didn't even know what a 50 Peso gold coin was, but off we went to check it out. The banks would only sell one per person and the price was $92, a near triple of the former price. Once we saw how substantial and how pretty the coin was, plus the immediate increase in value, we were hooked. Each morning we went from one bank to the next, standing in long lines each time, to get two more of those gold coins. We managed to get 22 of them and quit to grab what little was left of our week in Mexico City. We also bought some 14K gold bracelets and earrings at a nice jewelry store for me to wear, thinking such jewelry might become more expensive which it did. The coins have been sitting in a lock box since, although we should have had the sense to sell them back in the 80s when gold had its prior big run