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KCAL-9 TV (LOS ANGELES)
(from  the Alan's notebook web feature on January 17, 2002*)

A NEW GOLD RUSH?


Goldline International, the gold and silver trading firm in Santa Monica, California, says it is busier now that the stock markets are melting down and worry about the world economy continues to grow. Goldline is forecasting higher prices for the metals, and reports there are signs of a "squeeze" in the markets -- that's when there is a lack of gold and silver to meet demand.

The metals traders say that the sell-off in the stock market is also shifting money out of "paper assets" into the hard assets of bullion. It is also predicting higher sales for gold and silver jewelry as consumers seek out gifts that will "hold value."

The firm says that the price of circulated Morgan silver dollars could double in price in the next year from the current level of $7 a coin to about $15 a coin.

Goldline also is now marketing high grade collector coins including $20 gold pieces and gem uncirculated Morgan silver dollars and it believes these pieces will also climb in value because of the new rush for the metals. The firm says that some numismatic gold and silver coins (coins with rarity and collector value) could gain 30-percent in value over the next year.

For information call Goldline at (800) 827-4653.

 
* KLAS-8 also featured this story on their 10:30 PM news on Alan Mendelson's segment.

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