US Govt Gold Final Release: $81.00 for 1/10oz of gold eagle

[michael_lwt]

Hi All :

Since I benefited much from this community. It's time to make a contribution.

US Govt Rare Coin Reserve posted an ad on the Nov 12, 2007 Toronto Star.

1/10 oz Gold Eagle for sale AT-COST. Minimum 5 coins. Max 10 coins in a

lifetime.

The number to call is 1-888-510-3601. Specify the vault no: TSTON5F-81

to get the US$81.00 per coin deals. Deal expired OCT 31,2008 till stock last.

Orders taken on a first come first serve basis. There is another ad coming up

for $88.00 http://www.usmoneyreserve.com/gold_coins_at_cost.php

Hurry to get the $81.00 one. While stocks last. You can pay by Mastercard,

VISA, Amex, Discover or check. This price beats ebay even with the PST,

GST and shipping factored in.

God Bless,

Mike

[Thalo]

$81 for 1/10 oz??? You're pricing gold at $810/oz? That's ludicrous!

[pitz]

Thalo, for minted coins...thats actually pretty d*rn good.

Actually, I believe the US coins are 22 kt, not 24kt like the Maple Leafs, so obviously ,apply a discount.

[jackieskwong]

so how will i be able to gain from this?

do people actually buy it?

and how much of a gain will i be looking at?

[jerryhung]

It's $88

http://www.usmoneyreserve.com/images/banner_order_your_gold_coins.gif
http://www.usmoneyreserve.com/images/at_cost_two_coins.gif

[jackieskwong]

oh so basically a 7 dollar gain per coin?

will these coins appreciate?

also what are my chances of reselling this coin?

[B0000rt]

oh so basically a 7 dollar gain per coin?

will these coins appreciate?

also what are my chances of reselling this coin?
Only a traveler from the future could answer these questions.

[Arnblas]

It should be pointed out that, despite the vendor's best efforts to confuse prospective customers, these coins are not being sold by an agency of the United States government. They were originally manufactured by such an agency, but the offer being quoted here is 100% private and commercial. These coins can be bought from just about anywhere coins are sold, and are not rare.

[brunes]

Why would one buy this coin vs. say the Canadian Maple Leaf 24 carat coins?

[monty613]

$81 for 1/10 oz??? You're pricing gold at $810/oz? That's ludicrous!

gold has been trading over $800/oz for the last few weeks

check http://www.kitco.com

[netriones]

oh so basically a 7 dollar gain per coin?

will these coins appreciate?

also what are my chances of reselling this coin?

will these coins appreciate? - no, their value are constant. What's changing is the fiat money.

also what are my chances of reselling this coin?-100% at current market price.

[Thalo]

gold has been trading over $800/oz for the last few weeks

check http://www.kitco.com

Not right now. And likely not in the future.

[hagbard]

$802 at this moment. I'd stick with good ol' Maple Leafs.

[monty613]

Not right now. And likely not in the future.

http://www.kitco.com/LFgif/au3650nyb.gif

[Thalo]

Past returns are not indicitave of future returns.

Gold is not a "growth" investment over the long term:

http://www.pensions.gold.org/media/interactivePricechart/PriceChart1.jpg

(I don't even think that's adjusted for inflation.)

[monty613]

don't get me wrong - i'm not advocating buying these gold coins as an investment. just saying the pricing falls in line with the current market price of gold, and for minted coins it's not unreasonable.