Investing in Gold & Silver from U.S. Mint?

Stepping in although I'm not the one you asked:

I don't much like the slabbing/grading game, but there are LOTS AND LOTS of counterfeit gold coins floating around, especially in the smaller denominations where there's still a numismatic premium over melt. They've been heavily counterfeited since the 1960s at least. The raw "coin" you buy may be actual gold, but not an actual legit coin.

Even if you buy slabbed, there are counterfeit slabs, too -- but so far, those are relatively easy to spot.

The best bet is to buy from a trusted dealer (which means you'll pay a bit more than the bare minimum).

Now, I haven't followed that advice myself, because I was raised to be a cheapskate, and I love bargain-hunting. So far, I've been lucky, as far as I know. Of all the gold I've bought, I've turned around and sold maybe half of it, mostly to experienced dealers, and so far it's all been good. In retrospect, though, I took some big chances, and -- yeah, lucky. If I'd just been accumulating all along, at this point I would be very nervous about some of the stuff I bought early on.

 

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Precious Metals - Gold and Silver, mostly.

Like others have said, if you are spending bigger bucks on any PM (whether coin or bullion), buy it from a local trusted coin dealer. And one with at Sigma tester that can prove to everyone the metal content without damage.

 

Two points about that last comment:

1) Those older counterfeit gold coins were actually struck from real gold. A composition test won't necessarily reveal them. Even in those days, there would have been a good profit from melting three common $10 gold pieces and striking ten $3 golds or thirty $1 golds from the metal.

2) I'm deeply skeptical of the Sigma testers. They'll distinguish common base-metal fakes, but I think it'll be possible to produce fakes that will fool them. And as above, if the fake is made from real gold or silver, the Sigma won't tell you anything.

 

YES, they USE TO BE the Go to for education on Finance. I too read them like a Bible up until 2016, really slowed down in 2008.

One can IGNORE or pretend that this Bubble created by the FED with help of ALL (both sides) of Politicians is NOT there. Yet, here we are again with Massive (NOT QE4) The FED pumping Billions into the banks, thus propping the market with buybacks of massive proportion. This in tow props 401ks until the fall.
The FED with Mnuchin can keep the Ponzi going quite a while, maybe even follow Japan Model and The FED starts purchasing stocks direct. All of this has an Inflationary problem, one that is never talked about on TV, CNBC, Bloomberg, nore the major news networks. They all still use the FEDS rigged numbers of 1.5% FOREVER.

One must use the Chapwood Index for real cost of Living and inflation Truth ! http://www.chapwoodindex.org/
Unfortunately for the FED, Government, and E.F. HUTTON the truth is still available in this country.

Where was I, oh yea, WSJ and Barrons are now extensions of Wall Street Insiders, as is their friends and family in Hollywood, and major news networks. EDITED Then you have the Carl Icahns, Singer and others that will stop at nothing to squeeze every penny out of every company driving wages and benefits down to add another billion to their pocket.

I can only hope this change, deregulation that has led to the buybacks and other NEAR criminal exposure of finance will happen fast enough for our familys to survive the crisis. It is NEVER a crisis until you are deep into it. All the way down you will hear stock traders tell you (I think it goes back up any day now). The same thing traders said in 2001, and again in 2009. "Any day now, we are sure"

Once the bottom hits it is too late, in fact, once the market falls 20% think about what you would do ? Would you say, I am still up 80% so I can let it ride and hope it comes back ? At down 60% would you say " Well, it is already down 60%, I am still up 20% and no reason to change now" This is what the human mind does to oneself.
Be glad if you have stayed this long and can take profits, roll it over to metal stocks. SPY just loaded a bunch of GOLD stocks. Think about that for a while, why ?

 

Investor's Business Daily used to be the "goto newspaper" with the WSJ. But the internet and access to data destroyed their business model. I had IBD from the 1980s through the 90s.

 

[QUOTE="Brian Calvert, post: 3960663, member: 75282" Edited.[/QUOTE]

Thanks for making it clear exactly which Them you blame for the world's woes.

 

EDITED In which case, let's leave it to a far more patient member to help show him why what he wrote was anti Semitic

 

I'm not a mod but this has gone awry and everyone should know better. I can see a warning or two coming.

 

Yes indeed. Members that have been here a long enough time to have read the rules about NO religion, politics, or World events have no excuse. Repeat and Gone. Jim

 

Brian, the stock market goes up 2/3rds of the time and goes down about 1/3rd of the time. Simple math shows that over time it goes up alot more than down. Mathematically, gains are unlimited while losses are capped at 100% (if the market goes to Zero).

People have been predicting Gloom & Doom forever. Fear is a stronger emotion than hope.

Guys like Icahn and Singer can be your best friend if you have an underperforming stock or company.

Stock buybacks have nothing to do with "deregulation" and I'm not sure what "crimes" you are referring to.

This demagoguery of business and finance and even billionaires won't end well. We're ALL in the same boat. Hoping the guys in the penthouse suite go down with the ship won't help the rest of us in the gallies.

 

but "Gloom and Doom" is the basis of Conspiracy Theorist. They like to thrive and dwell on it. If we get rid of that how are we supposed to deal with reality, I mean without skewing it ?

 

I'll listen to ANY position, even one different than mine, as long as it is based on reason, common sense, and facts.

I WANT opposing views on items, because if everybody agrees with me and is long what I own, who's left to buy ?

Honest debate, even among folks with diametrically opposing views and positions, can be beneficial to BOTH sides.

 

Of course, this is what ALWAYS happens when reality, honesty, is brought into a conversation. Things are so corrupt it reaches to every piece of media there is. Amazing that you have to use Youtube to get real news.

Same as it was in 2007 and 2008 before what is now labeled the great recession. But until you are knee deep into it, every trader in the world, FED, Politicians, BIG Business etc. will tell you (this is just a hiccup). Funny how the human mind works in ignoring what is right in front of them and will believe the snake oil salesman.

 

Did you say that in 2008 ? 2002 ? Or just take the hit to your portfolio and absorb the lost while lying to others about your totals ?
I too seriously doubt there are end of the earth type of situations. Facts that the FED has destroyed the dollars ability to survive, like every other currency in the world is true. You cant print your way out of a mess. They made a huge mistake in 2008 and we are all paying for it. Maybe not you and that view is isolated. The Truth is out there and no one will bring it to you.
In fact, they bring you everything but the truth. MSM is all about the tangent and doing what the Central Bankers want them too.
We know for a fact GOLD and SILVER have been highly manipulated. Yet, it has nothing to do with Numismatics so we should ignore it ?
It is not 2005 or anytime before that when small lies, a little manipulation via FED and Politicians were happening. It is full blown manipulation now.

 

If they still told the truth I would still read them... They are in with the Bankers and big buy back corps. The Market manipulators that have 0 regulations. It is beyond absurd.

 

What is right in front of us ?

 

Those turned out to be FANTASTIC buying opportunities for financial assets. They were NOT the "end of the world."

Really ? In the 1970's, the daily trading of dollars and gold were about the same at $1 billion daily volume. Today, the gold market trades about $40 billion a day in daily volume, and the currency markets trade about $6 trillion in daily volume.

The dollar is the global reserve currency. I don't think the Fed has destroyed it.

Actually, you CAN print your way out of a "mess" if that mess is a a liquidity trap and the velocity of money is falling requiring an increase in the money supply which is what the Fed finally did in 1936-37 and in 2008-10.

WHICH Central Bankers ?

Investors and the populace have more information about the actions of Central Banks than in any other time in history. The MSM is irrelevant to transmission of monetary policy.

Go back to the 1960's or even the 1980's under Paul Volcker to see what it used to be like.

Manipulation up or down ?

When positions don't work out, folks scream "conspiracy."

If you know of illegal trading or anti-market actions, report it to the SEC.

 

Really ? So a financial newspaper is working with a "big buy back corporation?" How does that work ?

Does that newspaper also work with said corporation if they spend their money on M&A, or only if they buy back their (cheap) stock ? What about if they pay a dividend ?

Can I ask how old you are and what you do for a living ?

 

So, just to make sure I'm following along:

"Every piece of media" is corrupt.

CoinTalk is a "piece of media".

YouTube is not a "piece of media".

And, for good measure, "reality, honesty", is anything that you believe and someone else doesn't believe.

 

Thread is locked. Take this type of discussion to www.partisanlines.com if you wish to continue on this. Jim