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To: bulldogs
What is the best way to buy gold?

United States $50 gold coins(mintage created by Ronald Reagan).

Actually, any bullion gold coins are ok but I like those minted by the US. Even older US gold coins with low numistic value are nice to have. You should have started buying gold when bush got elected, but it is not too late unless you think bush can balance our federal budget and bring back our jobs and factories back from china and india in the very near future.

9 posted on 01/18/2004 9:30:11 AM PST by waterstraat
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To: waterstraat
United States $50 gold coins(mintage created by Ronald Reagan

Thanks. I was going to buy eagles. I don't think gold has topped out yet.
11 posted on 01/18/2004 9:33:03 AM PST by bulldogs
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To: waterstraat
United States $50 gold coins(mintage created by Ronald Reagan).

What is your opinion on such ventures as www.e-gold.com ?

16 posted on 01/18/2004 9:40:24 AM PST by ikka
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To: waterstraat; bulldogs
I like the US ones too, esp. the pre-St. Gaudens 10s and 20s. I heard somewhere that Krugerrands tend to have low margins compared to other modern bullion coins?

Ironically, I think some of the Asian countries that we are running big trade deficits are going to get burned the most from the declining Dollar. Japan and Red China have been making huge investment in US Treasury securities to keep the Dollar overvalued and thus their exports to US relatively cheap. These countries are essentially defending the Dollar for us while we don't lift a hand.

Japan is in slightly better shape; they tend to buy more equities thus higher returns to offset any exchange rate losses. Plus they have a floating exchange rate. China has much less flexibility since they have to maintain the $-Yuan peg.

20 posted on 01/18/2004 9:50:27 AM PST by Cu Roi
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To: waterstraat
United States $50 gold coins(mintage created by Ronald Reagan).

Of course, if the US is in a crisis situation, you may be ordered to turn in those bullion gold coins at face value... Since the government now demands gold dealers provide customer information to big brother, you will be forced to account for your purchases.

Coins with numismatic value were exempted from the gold seizure of 1933. I guess FDR had a collection.

21 posted on 01/18/2004 9:51:37 AM PST by GregoryFul
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To: waterstraat
I told my wife ten years ago we should buy gold. Her response was "it's a bad investment" so we stuck with the investment funds and got wiped out.
50 posted on 01/18/2004 12:46:35 PM PST by dljordan
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