[Newsbot]

Title: Canada mint says able to meet demand for gold coins
Category: Misc CDN
Posted By: tritium
Date: 2008-09-27 12:50:39
Canadian

[tritium]

My order was delayed, 3 month wait..

[roger-roger]

Gold coins? Why is there such a demand for them, I didnt really get it from the article.

[tritium]

Eisensapper Eisensapper:

Gold coins? Why is there such a demand for them, I didnt really get it from the article.

Because of the U.S. economic crisis the U.S. dallas and Canadian dollar may become as worthless as toilet paper.

When certificates and other paper instruments collapses, gold is the only safe investment during a Depression.

During the Great Depression of 1929, the federales locked the doors to all the banks. People put it in a fire-resistant lock box under your mattress.

[roger-roger]

Oh so you buy sacks of gold coins? I didnt think stuff like that was real, seems like something out of a cheesy western movie.

[Hyack]

Eisensapper Eisensapper:

Gold coins? Why is there such a demand for them, I didnt really get it from the article.

Investment and security, along with speculation...the Krugerrand used to be the preferred coin, but the Canadian Maple Leaf has now taken over the #1 spot for gold coinage.....at least that's what I've been led to believe...

[tritium]

Eisensapper Eisensapper:

Oh so you buy sacks of gold coins? I didnt think stuff like that was real, seems like something out of a cheesy western movie.

I don't buy sacks of gold.

$5,000 in gold coins is just for security, nothing else.

http://en.wikipedia.org/wiki/Gold_as_an_investment

[roger-roger]

Do you ever get to see them? How much is one coin?

[tritium]

Hyack Hyack:

Eisensapper Eisensapper:

Gold coins? Why is there such a demand for them, I didnt really get it from the article.

Investment and security, along with speculation...the Krugerrand used to be the preferred coin, but the Canadian Maple Leaf has now taken over the #1 spot for gold coinage.....at least that's what I've been led to believe...

Yeah, I think your right Hyack, I have heard that too.

[ziggy]

Yes! buy gold!
Make someone else wealthy with your fears.

[tritium]

Eisensapper Eisensapper:

Do you ever get to see them? How much is one coin?

There are some companies that sell you certificates.. You can buy coins and have them shipped to your home and keep them yourselves.

Cost varies of the price of gold for that day where you buy them, you can purchase the coins via you local bank. BMO, RBC, CIBC

http://www.mint.ca/RoyalCanadianMintPub ... efault.htm

[Hyack]

Eisensapper Eisensapper:

Do you ever get to see them? How much is one coin?

Canada 1 oz. Gold Maple Leaf BU $919.98(buy) $965.37(sell)

From J&M vancouver

[roger-roger]

yikes

[ziggy]

It's also good for the Canadian economy,the mine I was at the last few years has Canada's purest gold deposit.It should come online within a year,their exploration budget just went up,so did a lot of other junior developer/prospecting outfits.

[ziggy]

Eisensapper Eisensapper:

yikes

Time to ask the kids for the gold fillings in their teeth back.