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Gold is not an investment itís an insurance policy
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 Chairman.

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 Association.

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 valuable.

"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.

 



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