Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP Posting-Version: version B 2.10.1 6/24/83; site akgua.UUCP 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.