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Gold Guru Explains Why We Will see $4,000 oz!
Tuesday, April 1, 2008
This is the latest gold bullion coin placed in circulation by the United States Mint. But, don't look for it at your local bank. It is bought and sold exclusively to investors, who ignore the "nominal" face value and pay for the gold content!
The Gold Buffalo is sold only as a 1 ounce coin at present. Smaller denominations are probably coming down the road, but the mint has a hard enough time keeping this coin in stock!
Like the Eagle, the Buffalo is "hardened" with other metals because gold is extremely pliable and the coin could easily be defaced if all it had was gold in it. Perfect for IRA's or other retirement plans!
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