Hi - I've never purchased precious metals, but would like to begin?
Goldmoney and the Perth Mint are both good, reputable places to buy your precious metals. I believe you should try to take possession of your metal. Many people worry about government confiscation.
However, I believe, as well as many others, that the government is more likely to seize the ETFs than go, house to house, and risk angry confrontations in order to collect a couple of gold coins. If you are just starting out, I would recommend junk silver coins. Also, two other places I can recommend is APMEX (Apmex.Com) and BullionDirect.com.
I would avoid Ebay and any auction site since you have little recourse if someone doesn't send you the bullion. Thanks for all your kind words. I am currently working on writing Hubs that will identify trends of many ETFs, stocks, commodities for each month of the year.
It'll be lots of hard work. But I think it will be worth it! Mithan415.
I have bought my precious metals from goldsilver. Com in the past. I find them to be great value, especially with Mike Maloney's insights and teaching, that I have followed for a long time.
Another option, if you are more business minded, is to enroll in one of many gold/silver referral programs. I found a great referral program not long ago that I promote on my website. It's like a subscription, you subscribe to receive 1, 2, 3, 10 or more coins pr month in the mail, contrary to buying in huge quantities from the dealers.
The prices for this service are higher pr coin than if you would buy then in large quantities. However, with a few referrals in your downline (as few as 1 or 2) you also earn monthly silver coins, so the price you essentially pay for each coin can get way lower than what you'd pay from a dealer.10 referrals who subscribe to 2 coins each, and you get american silver eagles for less than 10 bucks pr coin, a third of the market value. Not sure if I managed to formulate that correctly.
Check out mastersoftruewealth. Com/resources and check the article on the bottom of that page for more information. Whichever you choose, I am happy for you that you are taking measures to invest in real assets.
Good for you!Thomas.
Mithan415,Thanks for your response. A concern is storing gold/silver in my house - could get scary if someone found out, and especially if any measure of social upheaval begins. Canada has centralized banking, is regulated by stringent rules, and their banks are considered the most stable, safest in the world.(I believe Gold Money stores their gold in a British-based Canadian bank (?).
Some CA banks have branches in the US, but I'm not sure if the US govt. Could take these over/close them in the event of a crash? Do you consider Canadian banks in the US a safe place to store metals if necessary?
I'm sure there must be rules for going directly into CA, renting a safe deposit box, and storing $$ there. Perhaps okay to consider? If it's possible the dollar won't be worth the paper it's printed on, is the only alternative to convert all my $$ into gold/silver?
That's really a very, very risky tact for someone like me - but is balanced by the idea of losing it all if I do nothing. How do you feel about the stability of foreign currency if the USD fails? I've been reading books about the USD by Peter Schiff, Charles Goyette, etc.Coupled with all the media/web hoopla, it's both scary - and confusing!
On top of all this, I'm a social worker, and believe me, there's some very angry rhetoric I routinely hear regarding entitlements and rioting (a la Greece. ) I'm certainly not fearful or panicky, but I do feel I need to get reliable information and something planned; and perhaps make some (hopefully intelligent!) moves if necessary. Also in lieu of the real inflation rate for fuel/food, how do you feel about food storage?
Thanks for any feedback you would like to provide - much appreciated!SG.
People have been investing in precious metals for hundreds of years. Precious metals such as gold, silver and others can garner significant returns on investment during a recession and balance any investment portfolio. Since the 2008 financial crisis struck the global economy, inflation is on the rise and in order to protect yourself against inflation and earn substantial profits, investment in precious metals is a wise choice.
There are different types of precious metals that you can invest in including gold, platinum, silver and palladium. However, the most popular choice when it comes to investing in precious metals, has always been gold. After gold, investors flock to buy silver, platinum and palladium.
Gold is the most popular metal when it comes to investment but of late, silver, platinum and palladium have also seen increasing interest. Precious metals hold their value well because they are used in jewelry as well as in industries of emerging markets such China and India. Amongst the aforementioned precious metals, gold is a critical metal in the jewelry industry.
However, there are other purposes of gold as well. Gold is in high demand in the technology industry, as it is a corrosion resistant, an outstanding electrical conductor, and strong heat shield. On the other hand, platinum is mostly used in medical equipments and computers.
Subsequently, silver is used in the jewelry industry as well as other industries such as automotive industries while palladium, which is softer than platinum, is used in water purification, natural gas and oil purification, fuel cells and other industries. Buying precious metals is beneficial for you for many reasons, including the following…. Demand for precious metals is constant.
Since precious metals are used in several different industries, they are always in high demand. The same can’t be said for physical stock of any global currency. Precious metals provide a hedge against inflation.
Inflation has been on an increasing trend in economies all across the world. Inflation occurs due to a persistent rise in prices. Central banks across the world have been engaging in money stimulus measures which have resulted in inflation.
When inflation rises, money loses its value while other investment options such as stocks also fail to provide stability. However, when inflation rises, the value of precious metals increases. Investing in precious metals can help you provide a hedge against inflation and even gain profits during times when money itself is losing its value.
Precious metals are also the best investment option for individuals because they provide stability and have never been considered volatile. For instance, one of the most important precious metals, gold, has been trending higher for quite some time. See the table below for more information.
Gold prices are reaching sky high values and even if they re-trace to lower levels, there is very little chance they fall hard like investments such as stocks. Investment in precious metals is an excellent way to save money. Precious metals such as gold and silver are traded across the world.
When it comes to precious metals such as gold, silver, platinum and palladium, you can buy gold bullions and trade them anywhere in the world. There are many people who can help you invest in precious metals, none better than a company I’ve checked out and vouch for 100%: Regal Assets. If you are interested in investing in precious metals, you’ve come to a great resource to learn how to get started.
There are different ways of buying precious metals, one that I outline on another page is doing a 401k rollover. Another way you can do this is to purchase stocks and mutual funds holding shares in different mining companies. However, it’s important to know the risks of investing in any stock market.
Another way to invest in precious metals is through exchange traded funds known as ETF. The Exchange Traded Funds hold bullions for all of the four metals mentioned above. You can either opt for Gold ETF known as gold SPDR, palladium ETF known as PALL, platinum ETF known as PPLT and silver ETF known as SLV.
Additionally, you can also buy antique coins when it comes to investing in precious metals. Gold coins are accepted across the world and are a great way to invest in gold because they are found in their purest form. Some of the most popular gold coins include American Eagle, Canadian Maple Leaf, British Sovereign, South African Krugerrand, Mexican Gold 50 Harmonic and Vienna Philharmonic.
On the other hand, if you want to buy palladium antique coins, you should opt for palladium Canadian Maple Leaf and if your choice of precious metal is platinum, go for American Eagle, Canadian Maple Leaf or Australian Koala. There are also silver coins available and the top silver coins that are traded globally include Canadian Silver Maple Leaf, Austrian Vienna Philharmonic and Silver American Eagle. It is always advisable to buy precious metal coins from trusted sources particularly if you are buying them online to make sure you are not fooled.
Precious metal coins make the best investment if purchased in their purest form. I can recommend a first class company that can help you with all of this. Lastly, another way of investing in precious metals is to buy bullion bars.
Bullion bars are manufactured by few government mints but there are different private companies that also produce such bars. Precious metals are a great way to invest as they allow you to save your wealth and help in protecting you in times such as the ones we are living in currently, where inflation is high and money is losing its value. Investing in precious metals can be highly rewarding and is a strategy used by extremely wealthy individuals like Alan Thicke, Denis Miller, Laura Ingraham, Jerry Doyle, and many more.
Call Regal Assets today to get a complimentary gold investment kit. I started my own investing in precious metals after getting this exact kit.
I cant really gove you an answer,but what I can give you is a way to a solution, that is you have to find the anglde that you relate to or peaks your interest. A good paper is one that people get drawn into because it reaches them ln some way.As for me WW11 to me, I think of the holocaust and the effect it had on the survivors, their families and those who stood by and did nothing until it was too late.
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