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

To: Bill Ounce who wrote (3918)	12/7/1997 4:47:00 PM
From: CuriousGeorge	Respond to of 116900

MS/65 Saint Gaudens - real old fashioned money Yes, rarity is very important. Coins are graded from 1 thru 70, with 70 being a perfectly struck proof coin with nary a blemish, scratch or copper spot. MS is Mint State, or uncirculated. MS/67 is rarer than MS/66, MS/66 is rarer than MS/65, etc etc. Generic coins are the most common dates. If you get into rare dates you can not really negotiate price. IMO, MS/65 generics offer a good balance of rarity vs. price. For example, rather than buy one ultra rare coin for $5000., you can buy five MS/65s. When the market heats up, rather than, "should I sell my one coin? Is this the top?" dilemma, the investor with five coins can sell one coin a month and average up (hopefully). I never worry about buying at he bottom (though I try) and I never worry about selling at the top (though I try); I'm just happy to take a big CHUNK out of the middle; and leave some profit for the next guy. MS/65 St. Gaudens are the coin of choice for the investor (IMO), but not for the collector. A gold rally means a market crash? I don't know, was there a market crash in 1980, or 1989 when coins last made new highs. Gold rallied in 1987 with the stock market. Maybe a gold rally would come well after a market crash, during a subsequent dollar crash. Who knows??? PCGS vs. NGS (or is it NGC) - some dealers will try to give you NGS/NGC graded coins rather than PCGS-Professional Coin Grading Service, for the same price. However, these days (it always hasn't been so) most PCGS coins are worth more. NGS/NGC seems to suffer from `grade inflation', in order to induce dealers to have coins graded by NGS/NGC. PCGS is the industry standard, any PCGS authorized dealer will not question the grade of a PCGS coin. Never, no how, no way. The Wells Fargo coins may out perform generic MS/65s, however they are currently about $160.00 more than generic MS/65s. If the MS/65 generic appreciates during a gold price rally to $6000.00, or 500 percent, will a Wells Fargo be worth $960.00 more, or $6960? I don't know. For the most part, 1908 No Mottos are poorly struck coins, a no motto usually carries a small premium to a generic, but it doesn't multiply when the price of the coin does. I am not a coin expert in any way, I am not a collector. I am merely an investor and know just enough to keep the coin dealers from taking advantage of me. I like numismatics because they offer the best of both worlds, physical gold AND leverage. But I also believe there is a need for bullion coins, and of course gold stocks. Currently I feel silver will outperform gold and I am busy accumulating MS/66 Morgan Silver dollars (about $190.00 with a 1989 high of over $1400.00). Same reasoning applies. I hope to parlay silver profits to gold profits and retire!!! ; ) Happy investing.

To: Bill Ounce who wrote (3918)	12/12/1997 2:03:00 PM
From: Bill Ounce	Read Replies (2) \| Respond to of 116900

Gold's a Loser, Great! -- Tony Keyes y2ktimebomb.com Excerpt: Recently, gold has hit its 12 year low. Over the past several weeks it has been trading below $300. What a buying opportunity! Perhaps you think I'm crazy, but gold has a longer history of being a solid performer than it has for being an outdated relic of the "old paradigm" of business cycles. Gold is trading at levels now where it represents a good buy on general principals of diversification. Yet when one applies the accelerant of Y2K, the returns could be earth shattering. [...]