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

To: Ironyman who wrote (28692)	2/21/1999 2:50:00 PM
From: Follies	Respond to of 116871

Thousand dollar silver bags a selling for over $5,500.....Not a great deal unless you are reading on of those old Howard Ruff books. That price is about right. They contain about 770 ounces so you are paying about a 25% premium for getting George Washington's picture on the front (or Ben or FDR's). Another thing to consider is the spread. I'm not sure how they compare to bullion. I believe silver is a better investment because of the low listorical valuation relative to gold. The question is will the premium go up at the same percent as silver? I think it will, and secondly if we have the mother of all deflations you still have money to spend. I remember silver bags selling for near $30k in the heyday 1981-2.