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Scott Francis Baker


September 14th, 2007

Gold is up @ 01:35 pm

My grandmother gave Angie and me a gold Krugerrand for a wedding present. A Krugerrand is basically one ounce of pure gold. She gave us the coin with the warning that, "you never know when the economy could fail."

When she gave it to us it was worth about $450. Apparently the price of gold has gone way up since then as it's worth more than $700 now. So that Krugerrand is worth 65% more than when we received it and it's been only three years.
 
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Scott Francis Baker