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Path: utzoo!linus!security!genrad!grkermit!masscomp!clyde!akgua!dlp
From: dlp@akgua.UUCP
Newsgroups: net.invest
Subject: buying gold
Message-ID: <530@akgua.UUCP>
Date: Tue, 31-Jan-84 22:38:24 EST
Article-I.D.: akgua.530
Posted: Tue Jan 31 22:38:24 1984
Date-Received: Thu, 2-Feb-84 01:19:42 EST
Organization: AT&T Technologies, Atlanta
Lines: 23


   If you are interested in buying gold try this:
   Advertise in the local paper that you will buy
   gold at market value.  Then purchase your gold
   coins etc. that way.  Why do this you ask?

   When you buy gold coins you pay a premium on the
   coin depending on the type of coin. Krugerands have
   more of a premium than Canadian Maple Leafs for
   example.  When you sell gold you sell at a loss
   by selling at wholesale (below market value).
   
   Thus the above.  The seller sells at market value
   and does better than otherwise, you the buyer do
   better than otherwise by buying at market value thus
   avoiding the premium.  As another plus, brokerage houses
   will charge you a fee for storing your coins but if
   you actually take delivery of the coins you have
   to pay sales tax.  Both of these charges have to
   be subtracted from your final selling price to 
   figure your profit.  Obviously, you avoid both
   charges by the method mentioned.