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

To: CuriousGeorge who wrote (3862)	12/5/1997 2:13:00 PM
From: yard_man	Respond to of 116759

Thanks curious. I think it's getting close to time to buy some!

To: CuriousGeorge who wrote (3862)	12/7/1997 11:55:00 AM
From: Bill Ounce	Read Replies (2) \| Respond to of 116759

re: PCGS MS/65 Saint Gaudens 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! The price of a coin = "melt value" + relative rarity + investor demand for coins. In the past 10 years, rarity has been the dominant factor. If gold triples, investor likely increases. Unfortunately, a tripling of POG is probably accompanied with a big market crash. Investors of rare coins forced to dump them to pay off their margin calls. So, one term of the formula may increase while the other decreases. Hopefully, the other two factors more than counter-balance to produce a big gain. PCGS only ... this is important. Don't get NGS. Please explain why for those of us contemplating getting into numismatics. 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. We can Thank Teddy Roosevelt for these beauties. He used his "big stick" to commission one of the worlds most beautiful coins. "In God We Trust" -- Contemplating getting some of the Wells Fargo horde. :-)