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Michael we're here in Chicago at the Ana
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World's Fair of money can you tell us
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why you've come to the convention well
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what a better place to have coins gold
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and silver than the American numismatic
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association annual convention this is
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the motherload of interest in our
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nation's money and we all know that the
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good money is made of gold and silver
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and that's what we brought with us today
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abme seems to trade a little bit of
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everything but it looks like you've got
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something a little unusual here well a
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lot of people would say it was unusual
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but this is the currency of central
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banks around the world you've got the US
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Central Bank the German Central Bank and
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central banks around the world even
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those Russian guys they've got some of
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this a 400 oun gold ball bar now these
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are called large bars they're called uh
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London good delivery bars these are bars
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also that are good for delivery against
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comx contracts and that's what we have
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in here in this wonderfully designed box
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a Royal Canadian Mint 400 oun bar you
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can see their Hallmark on it and you can
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actually see the weight stamped on the
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front of the bar it's actually a just a
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little bit more than 400 100
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o and it weighs a lot so I'm going to
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reach in here and try to pick this thing
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up it is heavy in fact that's what we're
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offering people here at the convention
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not everybody's seen with by the way
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it's heavy and you got to be careful
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when you pick it up that you don't drop
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fingers and boom there it goes oh did I
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turn red in that process these things
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weigh over 20 lbs and they're small cuz
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gold is one of the heaviest Metals uh
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gold is really fantastic metal it's a
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great conductor it's uh it's very good
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in uh of course in monetary history but
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it's got a great manufacturing element
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to it you find in a lot of technological
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elements today gold is a fabulous metal
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and it looks great too kind of value
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well this is probably worth a little
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more than 500 Grand today uh Gold's
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around $1,300 here while we're at the
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convention goes up and down a lot but
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400 ounces times your favorite number
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$1,300 12250 whatever it is that'll get
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you home on this bar are pretty close to
