Friday, November 30, 2012

Ten Commandments for Buying Gold and Silver

Ten Commandments for Buying Gold and Silver

  1. Always take delivery.
  2. Never buy premium if you can avoid it.
  3. Buy bullion for business, numismatics for fun.
  4. Buy silver first, then gold.
  5. Buy small gold first, then large.
  6. Never buy exotic coins or modern rarities or anything you don't understand.
  7. Know your dealer.
  8. What governments can't find, they can't steal.
  9. Never swap bullion coins for U.S. $20 gold pieces.
  10. Never break the law.

Four Bullion Portfolios

Please note that our recommendations vary depending on your concerns and the market. If you want to invest in gold and silver to protect your assets and have something easily divisible and spend-able to hedge currency depreciation or collapse, then:
  • If you have $5,000 or less to spend
    At least half in silver (either US 90% silver coin or 1oz. Silver Rounds) and half in British Sovereigns, French 20 Francs, Mexican Pesos (10, 5, 2.5 or 2) or some other inexpensive, fractional gold coin.
  • For $10,000 buy
    Two-thirds US 90% silver coin or 1oz. Silver Rounds, with the balance divided between a fractional coin like British Sovereigns, French 20 Francs, Mexican Pesos (10, 5, 2.5, or 2) AND Krugerrands, Austrian 100 Coronaes or Mexican 50 Pesos.
  • For $25,000 buy
    Two-thirds US 90% silver coin or 1oz. Silver Rounds; half of the remaining third in Sovereigns, French 20 Francs, or 1/4 oz. American Eagles; and the balance in one oz. Krugerrands, Austrian 100 Coronas, Mexican 50 Pesos, or American Eagles.
  • For $75,000 buy
    Two-thirds US 90% silver coin or 1oz. Silver Rounds; $5,000 worth of Sovereigns, 20 Francs, or 1/4 Eagles; the balance in Krugerrands, American Eagles, Mexican 50 Pesos or Austrian 100 Coronas. (For over $75,000 simply do multiples of this portfolio.)
  • Read More >>>

James Turk: There is No Gold at Fort Knox

GoldMoney's Andy Duncan speaks to James Turk, Chairman of GoldMoney and co-author of The Collapse of the Dollar (2004), about his claim that central banks are holding less in their physical gold reserves than many assume. James Turk explains the problem that central banks report gold and gold receivables as one line item on their balance sheets. This allows them to lease out physical gold in return for paper claims -- posing the question of just how much physical gold is left. They also discuss the Gold Money Index and the gold-based Fear Index. Both show that gold remains undervalued compared with historical norms. They talk about how close we are to a "Golden Cliff", where the western central banks stop lending out their gold, and what the systemic repercussions of this are likely to be. Finally, they assess the chances of Western governments undertaking gold confiscation and capital control measures; the likely amount of physical gold held at Fort Knox; and the reasons behind their prediction of an upcoming failure of fiat paper currency. This podcast was recorded on 30 November 2012.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Wednesday, November 28, 2012

How to Buy Silver Bullion from a Local Coin Shop

How to Buy Silver Bullion

Today. a few friends and I went to my local Silver Coin Bullion Shop in Southern California and traded in our paper dollar bills into real money which is Silver. We asked a Few questions to Tracey from Covina Coin and Jeweler, who have been in business for over 20 years. She was very knowledgeable about Silver, the Economy, and even what's going on with the Manipulation of Silver Prices Remember that if you want to go out and invest in Silver, make sure to do your research about the person or business that you are buying from. As a matter of fact, shop around your local area to find the best rates for both buying silver and selling silver. Don't just go down to a random pawn shop, because they more than likely will rip you off, especially if they sense that you don't know too much about what's going on with silver. Many of them sell you silver for much higher than what the spot silver price is currently costing in the market place. At the same time, when you go and sell your silver at those spots, you can get a lesser dollar value than what the market will actually give you for your silver ounces. I trust Covina Coin and Jeweler because they always give me the best silver rates compared to other places around my area. As Always, Keep Stacking that Silver! Invest Wisely! -Luis Angel Echeverria Your Money and Silver Expert AE Mind Money

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