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<p>[QUOTE=&quot;Collector1966, post: 1223380, member: 17919&quot;]Oh, sure you could invest in gold before 1971. I don&#039;t know where you get this as a start-off year, but the official government price of $35/ounce was what you would have gotten for selling bullion to Uncle Sam up until it was raised to $38 in 1972. However, gold coins were being traded for premiums that were above their gold content, and that rise had started in the late &#039;60s-- or at least, that is when I became aware of it. For example, the price of a common sovereign that was listed for $12.50 in the 1969 edition of Yeoman&#039;s Current Coins of the World was selling for $18-20 by August of 1969. </p><p><br /></p><p>By the late 1960s, people who had gold coins were going by the world market price, and not Uncle Sam&#039;s bullion price. Even then, premiums for common foreign bullion coins were rising well above world market prices, perhaps in anticipation of eventual US market liberalization.[/QUOTE]</p><p><br /></p>

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