Gold Eagles are back

[mazorj]

The Mint has announced that after a 2-year hiatus, the 1-oz. Gold Eagle is
back for 2011.

As usual, the Mint wants an unholy mark-up. Today's price is $1,778.

["Roßert G. Schaffrath"]

On 5/6/2011 6:38 AM, Robbo wrote:

> On Thu, 5 May 2011 20:38:30 -0400, "mazorj"<maz...@verizon.net>
> wrote:
>
>> Today's price is $1,778.
>

> ROTFLMAO!
>
> Buy Krugerrands.
>

Or Canadian Maple Leaf's...

[mazorj]

""Roßert G. Schaffrath"" <rscha...@yahoo.com> wrote in message
news:4dc3f995$0$12242$607e...@cv.net...

Yeah, it's hard to be a good citizen consumer and "Buy American" when even
the government jacks you up this much on the price. :-[

So why do they do it? Because they can. IMO eventually enough fools will
fork over the asking price to produce a complete sell-out of the Mint's
supply. Barring a spectacular further run-up in gold, a year from now most
of those who bought GE's as an "investment" will be wondering why they can't
sell their holdings at a massive windfall profit. "What? Gold went up 25%
and all I can do is break even?"

[Frank Provasek]

How generous of them...most of the gold in Fort Knox was confiscated
from the people in exchange of $20.67 in paper money per ounce, with
each paper dollar now worth 1.4 cents in terms of gold.

----
Frank Provasek Rare Coins www.frankcoins.com
http://shop.ebay.com/merchant/frankcoins Texas Auction License
11259, Board member of Texas Coin Dealers Association,
Member TNA, ANA, PCGS, NGC, ICTA - Full Time Since 1991

[A. Nony Moose]

"Frank Provasek" <fr...@frankcoins.com> wrote in message
news:32c9c1a3-2211-4776...@z13g2000yqg.googlegroups.com...

> How generous of them...most of the gold in Fort Knox was confiscated
> from the people in exchange of $20.67 in paper money per ounce, with
> each paper dollar now worth 1.4 cents in terms of gold.

OK - who woke up Provasek?