Gold is not an investment itís an insurance
by Commodity Online
Gold is not an investment. Itís an insurance
policy this is the theme behind a three-day Long
Beach Expo that is coming up in the Long Beach,
California Convention Center, 100 S. Pine Ave
where more than 1,000 dealers will be buying and
selling rare coins, paper money, stamps,
postcards, historic documents, antiques, estate
jewelry and other collectibles. Some will
provide free, informal appraisals for visitors.
If Gold has such a huge value, why donít you
trade in it?
Veteran Fox Network financial journalist Jim
Kingsland and award-winning author Scott Travers
will present a detailed, three-hour public
educational forum about buying and selling gold
during this event.
A free gold coin door prize will be awarded each
day to a lucky, registered visitor during the
three-day show, May 28 to 30.
"Gold: Hoping For The Best, Preparing For The
Worst," will be presented from 10 a.m. to 1 p.m.
on Saturday, May 30, in room 102-C of the Long
Beach Convention Center.
"Kingsland is a respected Fox Business Network
editor and long-time Wall Street journalist, and
Travers is an acclaimed consumer advocate who is
the author of a dozen award-winning numismatic
books," said Ronald J. Gillio, Expo General
Kingsland predicted in August 2007 that the Dow
Jones Industrial Average would sink to 7,200
within the next couple of years and that gold
would rise above $1,000 an ounce within the next
year or two. Despite nay-saying skeptics who
criticized his forecast at the time, he was
accurate on both predictions.
He has authored Coin and Precious Metals Values
2010: Trends, Deals and Predictions for the
Smart Investor for Random House (due for
publication this November). Kingsland is also an
editor for News Corporation at the Fox Business
Network and a stock market commentator for the
Fox Radio Network. He is a former reporter for
CNBC and former News Director and morning news
anchor for the Bloomberg Radio Network.
"This educational program will provide pertinent
and potentially valuable information about the
precious metals markets from mining stocks to
bullion coins -- such as the American Eagle and
Canadian Maple Leaf -- to gold estate jewelry
and 'scrap' gold, such as dental gold,"
explained co-presenter Travers, a former Vice
President of the American Numismatic
Travers is a prolific author whose books include
The Coin Collector's Survival Manual, Sixth
Edition that was published by Random House. He
cautions that "Gold is not an investment. Itís
an insurance policy." A well-known consumer
advocate who The New York Times described as
"the Ralph Nader of numismatics," Travers will
provide advice on how to buy and sell gold
coins. He will explain the important differences
between bullion gold and silver coins, which
generally have little value above the worth of
the gold or silver they contain, and collectible
precious metal coins, which can be rare and
"We've also made special arrangements with
Alhambra Coin Center, one of Californiaís
largest buyers of gold, to have their expert
appraisers at the show to purchase scrap gold,
coins and jewelry for cash from the public as
well as offer to exchange it for gold bullion
coins," said Gillio.
The public hours of the Long Beach Expo are
Thursday and Friday, May 28 and 29, 2009, from
10 a.m. to 7 p.m., and on Saturday, May 30, from
10 a.m. to 5 p.m. A complete Schedule of Events
is online at www.LongBeachShow.com.
General admission is $6 (good for all three
days); $4 for members of any coin or stamp club
who display a valid membership card; and $3 for
seniors 65 and older. Free admission for
children ages seven and younger. The admission
fee will be refunded with any transaction with
Alhambra Coin Center.