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<p>[QUOTE="CaptHenway, post: 5163075, member: 13813"]Two reasons:</p><p>1. Law of Supply and Demand</p><p>2. If the price of silver were to drop to zero, the bar would be worthless but you could still spend the coins. Not very likely, but that's the way some people think.</p><p><br /></p><p>Back in 1997 the Royal Canadian Mint issued a one ounce gold bullion coin called the "Mountie." Face value $50 Canadian, but on the actual coin it said that it was guaranteed to be worth $310 US through Jan. 1, 2000. They sold a bunch, and then in November gold fell below $310 US. The market bottomed out in August of 1998 at $273 something. Of course the RCM got most of them back for the $310 redemption. The joke was that shortly after that gold started going crazy over Y2K worries.[/QUOTE]</p><p><br /></p>
[QUOTE="CaptHenway, post: 5163075, member: 13813"]Two reasons: 1. Law of Supply and Demand 2. If the price of silver were to drop to zero, the bar would be worthless but you could still spend the coins. Not very likely, but that's the way some people think. Back in 1997 the Royal Canadian Mint issued a one ounce gold bullion coin called the "Mountie." Face value $50 Canadian, but on the actual coin it said that it was guaranteed to be worth $310 US through Jan. 1, 2000. They sold a bunch, and then in November gold fell below $310 US. The market bottomed out in August of 1998 at $273 something. Of course the RCM got most of them back for the $310 redemption. The joke was that shortly after that gold started going crazy over Y2K worries.[/QUOTE]
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