Can you say 10%?

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Nikki

Can you say 10%?

Post by Nikki »

Another LoserHead posts:
As an FYI - on August 14th I moved what is left of my IRA into Gold and Silver Eagle PROOF coins. I purchased Gold Eagles at $1500 each. Despite the spot price of gold declining (as a result of manipulation) the coins are trading today at $1,620 each. Eight percent in ten days, not bad. They will continue to rise because fundamentals demand it (and the mint has stopped making them because they cannot source the metal). I was able to get them because Goldline International still has some left. If anyone wants my individual reps number, drop me a note. She is great to work with.
:roll:
Quixote
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Re: Can you say 10%?

Post by Quixote »

Do the proof sets not meet the US gold coin exception to the collectables prohibition?
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Mr. Mephistopheles
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Re: Can you say 10%?

Post by Mr. Mephistopheles »

Nikki wrote:Another LoserHead posts:
As an FYI - on August 14th I moved what is left of my IRA into Gold and Silver Eagle PROOF coins. I purchased Gold Eagles at $1500 each. Despite the spot price of gold declining (as a result of manipulation) the coins are trading today at $1,620 each. Eight percent in ten days, not bad. They will continue to rise because fundamentals demand it (and the mint has stopped making them because they cannot source the metal). I was able to get them because Goldline International still has some left. If anyone wants my individual reps number, drop me a note. She is great to work with.
:roll:
What's the skinny on Goldline International?
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Re: Can you say 10%?

Post by The Operative »

Mr. Mephistopheles wrote: What's the skinny on Goldline International?
To the best of my knowledge, they are a typical online gold and silver coin dealer. I don't believe that they service self-directed IRAs, but I might be wrong. They tend to hype the doom and gloom scenarios of the average gold bug. Prices are high though. A person can find bullion at lower prices at several different places on the net.
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Mr. Mephistopheles
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Re: Can you say 10%?

Post by Mr. Mephistopheles »

The Operative wrote:
Mr. Mephistopheles wrote: What's the skinny on Goldline International?
To the best of my knowledge, they are a typical online gold and silver coin dealer. I don't believe that they service self-directed IRAs, but I might be wrong. They tend to hype the doom and gloom scenarios of the average gold bug. Prices are high though. A person can find bullion at lower prices at several different places on the net.
Thanks for the info. I wasn't necessarily interested in doing business with them but did notice the doom and gloom bit. I'm sure it comes in handy with the TP/gold standard types.
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Re: Can you say 10%?

Post by Gregg »

I have a few gold coins, mostly turn of the century stuff, because I think they're neat. They can be decent investments but what this guy more than likely does not know is that the difference between the 'bid" and "ask" is at least 10% most of the time. They may be selling for $1600 but ask them what they'll buy them for.
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