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

To: yard_man who wrote (3851)	12/5/1997 2:09:00 PM
From: CuriousGeorge	Read Replies (2) \| Respond to of 116757

Uncirculated U.S. $20 Gold Pieces IMHO, this is one of the best ways to invest in the gold market today. Perhaps the best bargain today is the PCGS MS/65 Saint Gaudens, one of the most beautiful coins the world has ever seen. These coins currently sell for about US$1000.00, they have a 1989 high of $5400. Consider that gold triples in price, to $900, bullion coins would be expected to triple as well; depending on gold content, purity and the bid/ask spread. The MS/65 Saint would easily exceed it old high of $5400, based on the fact that each successive bull market in gold coins has produced new highs. I have called several large coin dealers around the country, asking what would happen to the MS/65 Saint if gold went to $1000? Their answers ranged from $8000 - $12,000! In summary PCGS generic $20 MS/65 Saint Gaudens offer: ú physical gold, take possession and store in a safe place ú leverage, anywhere from 200% to 300% above bullion price increases ú less risk, if gold were to go to $200, (an additional 1/3 drop), MS/65 Saints would drop only about 5%. ú PCGS-Professional Coin Grading Service - independent third party grading, securely sealed and individually numbered. ú very rare, they just don't make `em no more In the Peoples Republic of California, there is no sales tax on coin/bullion sales over one thousand dollars (usually 8.25%). Call several coin stores and get their best price, play them against each other. Questions to ask - Is shipping free? Can I return the coin if I am not satisfied? ... cash or credit? PCGS only ... this is important. Don't get NGS. Don't get talked into `No Mottos' - they aren't worth the premium. Don't send money until you get everything in writing. There is one coin store near LAX in Los Angeles that I feel is the best, and the cheapest with the highest quality coins and service. Call them last, they will beat any verifiable price. U.S. Coin dealers can not ship outside the USA. gold-eagle.com This URL has some info and pictures. These $20.00 gold pieces are the real money the founding fathers had in mind. Compare one of these beauties to a $20 dollar bill. Sad isn't it. :>(