What about gold/silver and platinum bullion-is it going to fall soon and how wise is the buy?

Posted by admin as Platinum Bullions

I’d like to put about 20% of my savings into this venture. 50% of the rest is in a 5.65% CD and the balance is in cash. No debts.

i disagree with the previous respondents.

you may possibly make money in mutual funds, but you’re basically yielding control of your money to someone whom you have to trust knows better how to invest than you do. and with most stock valuations still sky high relative to income, you’d be better off going for the 5-6% sure thing in the non-CD FDIC-insured deposit accounts some internet and brick-and-mortar banks are offering. (i don’t think even a 3-mo CD is worth the time if the spread between that and a current deposit account is currently so small…) i certainly wouldn’t risk buying a stock for a dividend way less than 5% when i can get 5% "for free", so to speak…

as for gold/silver/etc. not paying a dividend, this is entirely true, but so what? people buy many other things that produce neither income nor profit until it’s sold; "growth" stocks and real estate come to mind. the problem we face at this particular point in history is that the us government is "printing" money faster and faster than you can earn or spend it; to pay for things like the war in iraq, increasing social entitlements and interest payments to foreign creditors. when you increase the money supply so drastically, everything gets more and more expensive and your dollar’s value whittles away to its intrinsic value, which is nothing. the us dollar used to be "as good as gold", when it was under the gold standard before 1971.

gold has always been regarded as the ultimate store of value in almost every culture and time. an ounce of gold bought around 300 loaves of bread 2000 years ago, and pretty much still does today. the dollar price of gold may and will indeed fluctuate, and wildly at times, but when you are looking at the intermediate to long term, gold is a good bet, and is still way undervalued at $725+/oz. today. don’t try to time the dips; it’s worth buying any way it goes. if it does happen to "crash" to $400, let’s say, just buy more. the argument that gold has a long way to go lie in china and india ascendant in the 21st century. as they get richer and their currencies strengthen, luxury items including gold will actually become cheaper for them, and they will correspondingly buy more.

as for silver, it comes a close second as a store of value, but it also has other things going for it. silver also has industrial uses and will, if it hasn’t already, be in a supply deficit. it’s used in electronics, and there may be increased use as a bactericide and water purifier as the world’s clean water supply is increasingly stressed (you might also want to invest in clean water suppliers!). and it’s still incredibly cheap at $13/oz. i believe that even Warren Buffett still has a huge silver stockpile!

in any case, i would put at least 10% of your money into gold/silver; if you’re comfortable with 20%, go for it, and then not even think about it. think of that 10-20% as your "wealth insurance".

if you are considering "paper" investments, then look into foreign issues. maybe open accounts in various foreign currencies. a good mining company stock will take off if/when gold/silver go through the roof.

right now, the "gold people" are still not mainstream, but i think it’s important to study what they have to say about the world economy. first on my list is Jim Rogers, who is not so much into gold as he is into commodites, but they are both still tangible things. he says: "buy stuff". second is Peter Schiff "Dr. Doom". he has his own investment company, see below. he says: "invest outside america". also worthwhile: the Sovereign Society, The Daily Reckoning, and The Rude Awakening.

good luck!!!

Whats the point in buying gold and silver?

Posted by admin as Platinum Bullions

Recently, our economy went down and people started getting into the fear that paper money would be useless. Then on the internet people started posting videos on youtube which people were talking about buying silver, gold, and Platinum Bullion on may different sites. I think this is really freaking stupid as some people just used the recession as a tool to trick people into buying their gold or silver.

Believe what you want to believe. The government is spending trillions of dollars a year that it does not have. It is basically printing more money, faster and faster, and this is a recipe for inflation.

Gold and silver will get you through times of inflation much better than paper dollars.

Grandpa

Should I buy some more gold, silver and platinum?

Posted by admin as Platinum Bullions

Last year I bought some bullion from the US mint, gold, silver and platinum. I bought a little more a few months ago and it seems time to get some more.

I know people may recommend the ETFs but I like having the coins with me, which I like to collect and consider works of art.
It is just a hedge investment. Plus, I like to collect coins.

If you think inflation will continue, yes buy metals.
Do you think the dollar is shrinking in value, while the metals are rising?
Silver is said to be a better value than gold just now.

The coins are beautiful, I agree.

For Platinum Eagles/Platinum Bullion’s are there sizes less than 1 oz?

Posted by admin as Platinum Bullions

Like for gold eagles there are 1/10oz and so on however is this the same for platinum?

Try the U.S. Mint website. They sell smaller sizes there too.

what type of investment would you suggest?

Posted by admin as Platinum Bullions

what type of investment would you suggest?
Some say invest in property. Some in shares. I myself am very interested in commodities like gold, silver, etc.
what would you suggest? Which is the safest and hassle free/ One which doesn’t need looking after that much.
plus on the bullion market, is the minimum trading requirements for clients 1000 ounce for gold and 50,000 for silver. This is too high for me… Can’t I trade in lower amounts. What about when I buy through SWISS banks. Then can I invest a lower amount?
Which is best. gold, silver, platinum or palladium?
What do these rich people invest in?
With homes, there are up keeps and taxes
plus it might be long before you can let it out cause there are too many properties for rent on the market.
Considering ALL the above, what would you do and why?

Thanks )))

So many questions in one question itself. You have jumbled the situation.

Let me answer one by one

1) You say that 1000 ounce of gold or 50000 for silver is big for you. That means you are a small investor.
2) You have not made it clear, the tenure for which you want to invest. So I presume it to be long term
3) You have said that you want to have hassle free investments. That means, your risk appetite is low and so share market or commodity market is definitely not for you. The equation in these markets are very simple "High risk:High profit"
4) Whatever your investment size is, never invest in single avenue. "Don’t put all your eggs in same basket". Divide them, some of them in risky, some of them in moderate and some of them in safe investment bets. This product mix will yield you better returns.
5) Answering your question directly, I would suggest,
-Invest some part in mutual funds (Medium Risk investment)
-Buy some actual gold (Safe & Liquid investment)
-Buy some shares of good company (Highly risky investment)

The combination of this will have to be done by you depending upon your risk profile and tenure of investments.

All the best..!!
Happy Investing..!!!

what type of investment would you suggest?

Posted by admin as Platinum Bullions

what type of investment would you suggest?
Some say invest in property. Some in shares. I myself am very interested in commodities like gold, silver, etc.
what would you suggest? Which is the safest and hassle free/ One which doesn’t need looking after that much.
plus on the bullion market, is the minimum trading requirements for clients 1000 ounce for gold and 50,000 for silver. This is too high for me… Can’t I trade in lower amounts. What about when I buy through SWISS banks. Then can I invest a lower amount?
Which is best. gold, silver, platinum or palladium?
What do these rich people invest in?
With homes, there are up keeps and taxes
plus it might be long before you can let it out cause there are too many properties for rent on the market.
Considering ALL the above, what would you do and why?

Thanks )))

So many questions in one question itself. You have jumbled the situation.

Let me answer one by one

1) You say that 1000 ounce of gold or 50000 for silver is big for you. That means you are a small investor.
2) You have not made it clear, the tenure for which you want to invest. So I presume it to be long term
3) You have said that you want to have hassle free investments. That means, your risk appetite is low and so share market or commodity market is definitely not for you. The equation in these markets are very simple "High risk:High profit"
4) Whatever your investment size is, never invest in single avenue. "Don’t put all your eggs in same basket". Divide them, some of them in risky, some of them in moderate and some of them in safe investment bets. This product mix will yield you better returns.
5) Answering your question directly, I would suggest,
-Invest some part in mutual funds (Medium Risk investment)
-Buy some actual gold (Safe & Liquid investment)
-Buy some shares of good company (Highly risky investment)

The combination of this will have to be done by you depending upon your risk profile and tenure of investments.

All the best..!!
Happy Investing..!!!

Patti Black BullionBuyer

Posted by admin as Platinum Bullions

Introduction to investing in Bullion/Precious Metals. Patti Black will reveal her secrets to investing in this HOT market.

Duration : 0:1:48

[ Click here to read more ]

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Precious Metals?

Posted by admin as Platinum Bullions

Do you think its a good time to buy gold, silver, platinum, and/or palladium ? Given the subprime mortgage crisis results, globabl tensions, and a weakening dollar etc… I think Russia will be running into deficit on palladium in a few years so maybe its a good time to buy some? Silver seems to volatile to be worth investing in (and too high right now)… Platinum is just too expensive for me to invest in right now also… Gold seems like its good (more scarce, jewelry, besides its the main one people will invest into).. Any ideas, also im looking into long term investment (greater than 5 years) and to buy PHYSICAL bullion NOT STOCKS…

Thanks

I love gold. The run is not over, it’s just too bad you didn’t buy your bullion earlier this year or last. I don’t have the money to buy bullion, but I’ve got GLD. I’m very happy, and confident it will reach $800 this year. And at the rate it’s been moving, I’d love to see Gold at $850 by the end of this year.

We have to move past the psychological price barriers, which tends to take time and creates corrections. Precious metals are volatile, there’s no doubt. Especially these days as many people bought in at significantly lower prices a while back. What we’ve seen over the last month has been constant corrections due to profit taking. The people who got in under $600, and even as low as $300, are very happy.

I had a professor who said that bad news is followed by more bad news. The credit crisis is far from over, and it is fueling the drive to hard assets. Bail outs and pumping liquidity cannot go on forever, and neither can interest rate cuts. Anyone who says otherwise is probably a real estate agent or has a mother who was a real estate agent, and they either just don’t see the big picture or they’re just unwilling to budge from a position they’ve held for many years.

To answer your question more directly, I think precious metals are expensive at this point, but still good to buy. I mean, just because we may not double our money in 6 months doesn’t mean it’s a bad investment. In the long term, we are looking for increased inflation, a falling dollar, and more financial sector problems in general. I’ve heard and read about gold speculated at $1000/oz next year and $2000/oz next year, and guess what? We don’t know what will happen. I own GLD, and I’m not budging. If I could afford to buy more I would. I see it as a speculative hedge, if that makes any sense.

By the way, I believe that inflation in the US is closer to 14%, as opposed to any "official" publication. Take a look at prices in general. Everything is more expensive – inflation causes the dollar decline. It’s not fear of inflation, it’s the realization that inflation exists and it’s worse than the public is told. Luxury car manufacturers are advertising even more heavily now because they see that US consumption is falling due to a low dollar. They’re trying to get whatever they can before things get really bad. The same is true for real estate agents, god bless them. And if I could afford to buy lots of houses I would.

Physical bullion, eh? I wish I could because it would just be cool. If you’re buying a lot, I hope you have a place that is very safe.

Just remember that gold is volatile, and it does not follow a perfectly negative correlation to inflation, but it’s pretty close. Though I see inflation rising and the dollar falling, there are many other factors that come into play. Good luck.

Can anyone explain the miracle of the rising dollar?

Posted by admin as Platinum Bullions

Every couple of weeks Ben Bernanke hits the button that creates another $1 Trillion electronically. This money arises out of thin air. It is essentially without any basis in GNP, or any Basis in Gold Bullion, or any basis in Silver bullion. The electronic money simply shows up in the accounts of the Federal Banks.

The miracle is that dollars gettting more and more valuable around the world. Everybody wants to have them. They are the supremely valuable thing, even compared to oil, gold, rhodium, platinum — nah people don’t want that silly stuff they want paper dollars that Ben Bernanke just created with his thumb pushing the "Deposit an Extra $1 Trillion" button which he has there at The Fed.

Well now this is the miracle thumb. It’s far better than the goose that laid the golden egg. At this rate, a trillion dollars of free money every two weeks — and dollars getting more and more valuable against all other currencies and all commodities — there will be universal prosperity for all mankind, possibly within a few more months.

Value created out of thin air, by fiat, Ben’s thumb, now that is a miracle. We don’t even need to print money anymore, just hit the button with Ben’s thumb. Ten years from now I expect to see a "Thumb Building" on Wall Street, just a huge thumb with offices inside, perhaps holding the many sovereign wealth funds and multinational corporations and diplomats whose whole world was transformed from poverty to wealth by Ben’s Thumb. The building would be erected by all mankind as a tribute to the Miracle Thumb of Ben Bernanke — better than the Golden Egg laying Goose — by a longshot.

Every other time in the hostory of the world that fiat money was created at such a rate and with so little basis in production or tangible assets, the money ended up being burned for its BTU content to keep folks warm in the winter. See also Germany in the 1930’s and Argentina in the 1970’s.

The Chinese hold enough bales of US paper money to fill a municipal landfill. But they want more. See, to them those dollars are a great investment because they are rising in value, every day, every hour.

It’s a miracle. I wonder if beatification is in order at this point. Nothing that ever happened at Lourdes is more miraculous than what’s now happening at the Fed Building in Washington DC. If this really does amount to the salvation of all mankind — wheee !!!! free lunches for all — forever!!! why couldn’t there be a new religion, let’s call it Freeelunchism, sign me up, I want to be the first worshiper, and I’m going to wear a little charm modelled on Ben Bernanke’s thumb on a little gold chain around my neck so people can see what I believe in — miracles — prosperity — for free — better living through electricity — finally those electrons show themselves to be worthy of study and reverance.

Someone out there can tell me what’s going on. I am going to be so grateful when they do.

It is always a good Idea to look at the numbers before one panics, see
http://www.federalreserve.gov/releases/h6/Current/
What the table tells use is that M1 has increase by 15% and M2 by 9% over the last year. Much of the increase in M1 is do to the fact that the Banks are keeping more reserves because the FED started paying interest on them, Since the beginning of the financial crisis people have been holding more money than usual so the FED is just keeping the amount of money circulation constant which is why there is little or no inflation despite the increases in M1 and M2.

What history actually tells is that people hold more money during recessions and if Central banks takes no counter action the result is deflation which makes holding money instead of investing more attractive which further slows the economy.

1. I need friends in banking and financial fields.?

Posted by admin as Platinum Bullions

Well, look at it this way…. 35 years ago, just 35 years ago, Pres. Nixon (the first U.S. President who visited China) visit China. China then, was a third world country. I remember my parents saying: finish your food, lots of people are starving in China. China, then is poor and no surplus. The gift the Chinese gave Pres. Nixon then is a bicycle. Because, then when you mention Baijing, there are thousands of bicycle there. No BMW; or Mercedes Bentz; like now.
What happen then, where did the Chinese get their money (become surplus) to do dynamic investments and productions? Well, I think, it started when the mainland China, took over Hong Kong. They were able to take over Nanyang Commercial Bank. (owned by Tiger Balm) and the wealth therein. The platinum and gold bullions certificates. It is un-authorized, of course. but they
were able to convert. This is the "SURPLUS" of China; and with this surplus; they are able to manufacture, invest, and exports. I would say,

they don’t allow their money to float against other world currencies. Sooo it’s always cheaper in China but the people starve and the money is weak