Archive for May 31st, 2009


Calcutta Telegraph
Cash in on gold
Calcutta Telegraph, India
To buy gold coins from a bank you need to fill up a form for every purchase. This form requires mentioning your PAN. Thus, if you don't have a PAN, you cannot buy a gold coin from a bank. Secondly, banks will not buy back the gold coin once sold.

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Questions about GM's future cloud car-shopping
The Associated Press
Steve Fischer, 56, a gold coin dealer from Los Angeles, was in the market for a new Corvette convertible. He was aware of GM's looming bankruptcy filing, but is confident the company will bounce back. "They're not going to disappear," he said.

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The Curious Problem of Gold and Silver Coins as Legal US Tender
Seeking Alpha, NY
Say, for example, you wanted to buy a house that costs $400000 in paper money using gold coins. Could you specify the purchase price as $20000 payable in gold coins? That would surely create some interesting questions as far as the Internal Revenue

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