Is it still a good time to buy gold or have I missed the boat? I tried to convince my hubby to buy it months ago, no luck. I am cringing as I watch it go up now! How do I buy it overseas? Any recommendations, Ed?

-- Ynott (Ynott@incorruptible.com), September 28, 1999

Answers

You can buy coins locally (American Gold Eagle) reCommended. Likely 8% over spot price of gold, they will buy back at spot. There is a mutual fund in Canada that only holds gold & silver bullion (CEF) Canadian Central Fund (sold on NY stock exchange. For most money making buy gold mines, will go up 100 to 150 times as much as gold. Recommend DROOY, HGMCY, and Franco-Nevada on the Toronto exchange, any broker can handle it. My opinion and the opinion of a lot of more knowledgable people is that gold is going out of site. There may be some fluctuation, but the direction is up, with the dollar going way down and eventual extreme inflation that we can't see right now.

-- goldbug (Goldbug@mint.com), September 28, 1999.

BUY IT. Now. Its an even better time than a week ago. Its a Break Out baby. Quite trying to hit the exact bottom. The trend is your friend.

-- Downstreamer (downstream@bigfoot.com), September 28, 1999.

Try this site: www.ajpm.com

No, I don't work for them, but I'm a VERY satisfied customer. (BTW they don't update their page till after 11-ish, it's a west coast operation.)

-- but it's (really@abit.late), September 28, 1999.

I, and several friends, have also used www.ajpm.com and were very satisfied. Met all of my expectations and they show exactly what each item sells for and what they will pay you for any item as well.

-- smfdoc (smfdoc@aol.com), September 28, 1999.

I have also been satisfied with www.ajpm.com as well as www.tulving.com

-- Jay (havocuz@mindspring.com), September 28, 1999.

Is gold going up because of Y2K fears?
Is gold going up because of bubble.com?
Is gold going up because of recent IMF policies?

yep.

-- Berry Picker (BerryPicking@yahoo.com), September 28, 1999.

I inherited some gold French rooster coins that I've been considering trading for Eagles. Does that sound like a good idea? If so, is there a source where I might get the best value for the trade?

-- RUOK (RUOK@yesiam.com), September 28, 1999.

RUOK,

http://www.certifiedmint.com/

S.O.B.

-- sweetolebob (buffgun@hotmail.com), September 28, 1999.

Ruok,

Why not hold the gold and add eagles?

I like AJPM too.

-- Mara Wayne (MaraWayne@aol.com), September 28, 1999.

Sweet Ol' B,

Thanks! I'll contact them and see what they say regarding trade value. Still looking for opinions as to whether this is a good idea or not.

Mara,

I don't know much about gold (mostly what I've read on this forum over the past 10 months), but, I gather the consensus opinion here may be that numismatic coins (such as the French roosters) when compared to American gold Eagles are not as desirable as a hedge against inflation, preservation of wealth, or potentially practical mediums of monetary exchange. Though I am not certain about this, and I don't recall seeing any discussion of numismatic gold coins.

-- RUOK (RUOK@yesiam.com), September 28, 1999.

ooops, Mara, I forgot to answer your question! I cannot afford to add more gold (just about all prepped out by now). So, the only way to acquire gold Eagles would be in trade for gold Roosters. Just don't know if this is a good idea.

-- RUOK (RUOK@yesiam.com), September 28, 1999.

If it's a "10" or even a 7 or 8, gold will be worthless. Who will give you something for it? It has industrial and jewelry uses, but demand for both of these will be small. Everybody and his brother will be out bartering with their gold Eagles, so you will get very little in exchange for them. Better to stock up on non-perishable food and supplies. People can alway use them and you will be able to easily barter for what you need.

-- Allie (wallygator@swamp.com), September 28, 1999.

Yup, better stock up so you can barter.

-- (Archive@digger.com), January 13, 2000.