Relay-Version: version B 2.10 5/3/83; site utzoo.UUCP
Posting-Version: version B 2.10 5/3/83; site sunybcs.UUCP
Path: utzoo!watmath!clyde!floyd!harpo!seismo!rochester!rocksvax!sunybcs!hdt
From: hdt@sunybcs.UUCP (Howard D. Trachtman)
Newsgroups: net.invest
Subject: gold
Message-ID: <1353@sunybcs.UUCP>
Date: Wed, 28-Mar-84 14:44:32 EST
Article-I.D.: sunybcs.1353
Posted: Wed Mar 28 14:44:32 1984
Date-Received: Fri, 30-Mar-84 02:30:46 EST
Organization: SUNY/Buffalo Computer Science
Lines: 25

. .. ... Bits for the buggy machine's bit bucket. 

I'm long term bullish on gold, and short-term wishy washy.
I think silver might be a better long term investment, but
at a slightly lower price.

I received some literature from this company called Gold Standard
Corporation (1600 Genessee, Kansas City MO 64102 tel. 816-via-gold and
1-800-821-5648).  They make a market in certain gold coins that I 
assume they get privately minted.  For some, the harwood ounce, they
set the ask at gold spot+5% and the buy at gold spot+3% which seems
to me to be a reasonable commission.  However, they also have an
interchangeable series featuring the freidman ounce which they
claim they buy and sell at face value.  I don't understand how they
can do this and make a profit.  Does anyone have any positive or
negative experiences with this company?


-- 
Howard D. Trachtman SUNY/Buffalo
{hao, pur-ee, uwvax}!seismo!rochester!rocksvax!sunybcs!hdt (UUCP) 
hdt.buffalo-cs@csnet-relay (ARPA)

US Snail:  2080 Niagara Falls Blvd.
           Tonawanda, NY 14150-5545 (use them all, if you dare)