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To: Labyrinthos
I hope your assessment on gold is wrong. About three years ago, I bought some investment grade numismatic coins. Pre 1933 uncirculated $10 Gold Liberty coins. I spent about 5 grand then. Since that time, my broker has notified me that their value has gone up about 80%.
3,161 posted on 07/16/2004 10:06:06 AM PDT by ExSoldier (M1A: Any mission. Any conditions. Any foe. At any range.)
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To: ExSoldier

Like I said in my post, a lot depends upon when you by and sell. If you brought at the 1980 high and sold today, you would have lost well over 50% of your investment. If you brough at the low in 2000 and sold today you would have made about a 46% return on the principle investment, although the actual return would be lower after deducting the super high commissions normally charge by commodity brokers.


3,179 posted on 07/16/2004 10:50:03 AM PDT by Labyrinthos
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To: ExSoldier

I forgot to add, that the gold you purchased probably has intrinsic value beyond the mere value of gold bullion.


3,187 posted on 07/16/2004 11:04:09 AM PDT by Labyrinthos
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