Phoenix New Times Story on Gold Dealers
Arizona Coin Collector
The Phoenix new times has a story on Gold, Gold
Coins, and Gold Dealers. I have not read all of the
story yet, but it seems to be interesting. Below
is the web link to the story.
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Gold Rush: Soaring Prices, Unscrupulous Precious-Metals
Dealers, Right-Wing Paranoia -- We've Been Down This
Yellow-Brick Road Before
..
Arizona Coin Collector
"Arizona Coin Collector" <nos...@nospam.com> wrote in message
news:8ZmdnXX5nrZggKvR...@earthlink.com...
> Hello
>
> The Phoenix new times has a story on Gold, Gold
What is wrong collecting coins?
--- snip ---
Perhaps the biggest pitfall for would-be buyers
is getting talked into buying numismatic
(a.k.a. collectible) coins, which are sold at a
much higher premium than bullion.
Unscrupulous salespeople shooting for higher
commissions often try to steer buyers toward
collectibles with fear-based pitches - such as
that smaller units of gold (coins like the Swiss
20 franc, for example) will be easier to barter
in a post-Apocalyptic world. Another claim is
that numismatic coins might be exempt from
government confiscation, as they were in 1933
when President Franklin D. Roosevelt banned
private ownership of gold bullion.
--- snip ---