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

To: goldsnow who wrote (19305)	9/20/1998 11:08:00 AM
From: long-gone	Read Replies (3) \| Respond to of 116759

Special Report: Denver Gem Mineral & fossil show. Though jewelry dealers are never the best place to go for a supply of precious metals, the prices seen at the show exceeded both spot and futures price by several hundred percent to (as much as) 1000%. The prices paid (and I saw large rolls of bills changing hands) ranged from $420 for an older maple leaf to $960 for a "natural" (?) nugget of 1.34 oz. Nice examples of flake and wire gold on outside of quartz matrix were priced at(and sold at near the same price) went for 2.8 to 3.9 X spot price. saw both buying & selling by those at the tables, with buying by small companies outside the area and selling by panners from the area. Buying was often 50-60% over spot for large examples and reselling at prices I could not understand! I then saw (at one place) the nugget melted at the edges and placed into an existing setting as a diamond might have been placed. "Let the buyer beware". Over all market was quoted as "brisk" on Saturday though better Friday. rh