[s-cars] NAC Gold Update

mtgadbois at aol.com mtgadbois at aol.com
Wed Dec 17 15:13:45 PST 2008


Dear Money Bags Bill:

One feature of buying coins in Illinois that totally turns me off is that 
you pay sales tax.  That's enough to keep me away.  Anyhow I thought you 
were investing in cars!!!!

I, personally, like things I can sell immediately, like my thoroughly 
wounded stocks, or things I can drink like wine.

Mark near Chicago.



Bill espoused:


Folk's,
A while back I had enquired to the all and knowing list about "how to buy
gold?"
I said I'd get back with what I had learned and so are a couple specific
ideas.
I would say the two best ways to acquire it are:
1.  Physical delivery... best done I think via gold coins.   Best coins are
.9999% pure gold via US mint (American Buffalo coins) or Australian Perth
MInt.
     Only one coin (one oz. "Celebration Coin" is still available at the US
mint.  The Perth Austalia mint currently is not shipping anything I think
until early January, or who knows when.  I like the smaller 1/10 oz.
unobtainium coins.  They are suppose to come out with .9999 "Double Eagle"
in January, but given the state of the state who knows when if ever they
might get it out.  Insert your own conspiracy theory here.
     As our Illinois Gov. might say "the US Mint is F'n F'd up!"  I hope
they do better with the car biz.... BUT, if the coin is available when you
order, you will receive it eventually.  Calling often and making a friend is
recommended.
2.  Gold/mining stocks, NEM and/or  ABX and ETF's, GLD and/or IAU.  Do your
own research and by all means pls share.

I am most assuredly not one to offer any investment advice and this surely
ain't the place to do it and YMMV, but "I" "think" we may be in for a bit of
inflation here and I don't think it will hurt to own something with
intrinsic tangible value.
My .002 FWLIW

Bill~"I don't know where I'm a gonna go when the vol~cano blows"~M





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