Investment help please.

You also have to realize premiums will change. I remember when silver last touched in the $ 12 - 13 level. I was a mad buyer, but could not find a silver eagles under $18. Most dealers would not sell any cause they would be losing money. Eagles on ebay were going in the low $20's. I just saved my dough instead.

No telling what may happen in the future.

 

Log in or Sign up to hide this ad.

Real Estate Vs Gold/Silver

Invest in Metals.A safety deposit box is a lot cheaper than paying taxes on a piece of real estate.You also don't have to cut the grass,evict tenants and do repairs.When your ready to sell there are no real estate fees,lawyer fees or bank fees.When you buy Gold or Silver it is yours and can be sold when ever you want.There is always a buyer for Gold and Silver,it is a world currency.When world currencies fail, Gold and Silver always hold up.Just my opinion.

 

Silver Eagles carry a premium. IN the past when I want to get close to bullion value, I buy a bag of "junk silver" These usually consist of Dimes, Quarters, .50 cent pieces that are were minted pre 1964, when these coins consisted of 90% silver.

They are often sold in increments of $100.00 face value, $1000.00 face value etc. I've attached a link so you can check it out. Last time I bought one, silver was around $12.00 though. Right now the guys at bullion direct are charging around $1345.00 for a $100.00 dollar face value bag. That's 71.5 oz so 71.5 x 18 = $1287
1287 x .9 = 1158.3 So they're still making about $200 bucks a bag. You might be able to fine better.
http://www.bulliondirect.com/catalo...VO2DN7JCQB48&gclid=CNS-6tWa8aECFYNd5Qod70l6mA

 

It really depends on why you are buying gold and silver.

If you are buying gold and silver as basic prepping for SHTF, then you should go for the lowest premium over spot on gold and silver. Someone can correct me if I am wrong but the cheapest silver I believe is 90% silver. The cheapest gold is probably the Krugerrand. At $1000/month, it will not buy a 1-oz gold coin but you can buy fractional gold coins (1/10 oz, 1/4 oz, and 1/2 oz sizes). However, if you buy fractional gold coins, then you will pay a higher premium for them. ASE's and silver Maples will usually have a higher premium on them than .999 generic silver rounds.

I like Silver Surfer's idea about collar cost averaging. Dollar cost averaging is a good idea because you cannot time the market.

If you buying gold and silver coins and bars for collecting purposes, then you should buy what makes you happy. You should do research on what gold and silver coins and bars that you have an interest of buying in order to avoid overpaying for it.

 

I don't think savings bonds double anymore.

 

I like ASE, CML, and Phils. Then look at bars. (first of all, be sure to have a decent emergency fund).

 

half of face EE bonds right now are paying a whopping 1.4%. Actually that is better than some CD rates right now. What are you holding the precious metal for. Quick buck, maybe 1 year from now or holding it for the long haul, retirement or for your kids. If you want to quickly move it you can get into a slv. If you want to get in for a long time try to find something that you will be able to move easiest with the least premium.

 

Safety Deposit Box info

People need to bear in mind that certain regulations have been put in place via the Patriot Act etc. that severely limit one's ability to remove cash, gold, silver, etc. from a Safety Deposit Box in the event of a national emergency -- they even may limit the amount of cash you can withdraw from your accounts. Apparently the only thing one can remove from these boxes is important documents or papers and such.

 

as scary and hopefully unlikely as that is Rush, that scenario is true.

 

Which section of the act contains this provision?

 

Regarding new issues, I think the rules on those U.S. E-Bonds changed several years ago. I had some, and was still buying after the change. It was not a double in 7 years kind of investment at that time. Check the fine print.

 

(Actually posted this yesterday, but it has not shown up so will post again now -- Sorry)

Investments range very widely if we are going to open up that discussion, but it sounds like you have already decided upon silver, so let's basically corral the response to your alluded interest area. If the dollar and other paper currencies eventually go the way of the euro, then silver and other precious metals should hopefully hold their own. My contention is that this process is more of a "preservation of value" rather than to supposedly make money, because according to the constitution, gold and silver ARE money -- you are simply swapping highly volatile, erratic, highly manipulated paper, fiat representative currency, for real money.

In a crisis, barter-type society, as one responder mentioned, 90 percent silver coins would come in handy. If you only want to hold pure silver, then any reputable, recognizable silver bar or round, including silver eagles, would be fine for long term hold. The dealers I have bought from over the years always charge me a premium for certain types of silver including prospectors and eagles, but when I have sold, they always pay the same to me regardless of what they are buying from me, as long as they are recognizable silver. Selling on eBay one can likely obtain a better premium because buyers realize the perceived premium when bidding, but one also must factor in the multitude of fees they and PayPal charge to sellers.

As to real estate, that is not even part of your question, but although it may be a good investment, does not have the portability of coins or bullion. As to bonds, that is fine if you think the fiat paper currency will be sound for the future which is highly questionable at present time. Our GDP to debt ratio is in many cases worse than the countries in trouble in the euro-zone so I personally would not recommend bonds of any kind or any investment that promises to pay one back with increasingly devaluing paper or equivalent units which may become worthless upon the next big bubble. Now that does not mean that metals values cannot also be manipulated as they certainly can and have been for at least the past 30 years, although sooner or later the "chickens will come home to roost" when people realize they must take possession rather than buy more paper representing a supposed storage somewhere. We saw this during the recent 2008 crisis where the premium for actual physical metals grew quite wide from paper values and delivery times spread out to 8 weeks plus in some instances.

Some claim that because silver has evolved to an industrial metal, that it no longer will hold its value. That to me is about as bogus a claim as I have heard in many years because it is an oxy-moron as it is used, and used up. New uses for silver are developed regularly and its properties may well hold the cures for nearly all disease as well as water purification, nano-tech applications, electronics, computers, solar, etc., etc., etc. The fact that it is a limited commodity in a world that demands limitless quantities spells only that it is probably way too cheap, even with all of the new finds that have occurred as of late. If the world consumes around a billion ounces per year and the production from mining barely keeps up with that amount, then it matters not if there is a deposit of 30 billion ounces under the Great Wall of China because they are going to mine that over many years and based on past experience, they will need it for their own use rather than share it with the rest of the world at an artificially cheap price.

Economic elasticity of silver is the most brilliant characteristic that exists. Products or uses of silver each use only a minuscule amount of silver but in the total aggregate they use a lot and the usage does not lend itself very well to recapturing or recycling used amounts, except perhaps in photographic liquid solutions. That means that each product will go up in price only very slightly whether silver is at $10 or $100 or $1000 per ounce. I don't feel that the silver I purchased at $5 per ounce is worth any more than the silver I purchased at $20 because it is still only an ounce. What changed is that the paper dollars became worth less rather than the number of ounces each increasing. When Warren Buffet purchased 140 million ounces at around $5 per ounce and took possession of it, he was combining all of my observations into one large transaction and will be rewarded accordingly. The average person can also purchase silver because it is within reach of nearly everyone. (See also my response comment regarding safety deposit boxes)

Good luck on your accumulation! rushcoin1 AKA AdamSmith37

 

This is "common knowledge," which means it might not happen. The other side of the argument is that there is so much debt in the system that it can't be serviced, and printing money [adding debt] only causes a further inability to service the debt. More public debt creation results in more private debt liquidation or default. More debt plus higher interest rates equals skyrocketing defaults. So we might have reached the equilibrium point where a deflationary spiral is just as likely as an inflationary one. I have been in the inflation camp for years, but recently I have had to consider the alternative. Right now I think the outcome [inflation or deflation] is a coin flip.

 

http://www.cointalk.org/images/icons/icon12.gif
This is very true and one certainly cannot completely rule out one or the other scenario. A more likely scenario is that the G-20 will formulate and mandate some kind of universal currency which will replace existing currencies while simultaneously liquidating all of the bailout debts. This has apparently been on the drawing boards for awhile and will probably result in mass devaluations of the participating currencies to the extent of outstanding debts, in order for each currency to receive exchangeable credits sufficient to replace their existing floats and to allow for orderly commerce. One would imagine that the bulk of such will be done electronically so that the average person will not realize much difference until the higher prices of things begin to reverberate throughout price structures. It is conceivable that a deflationary scare will occur first in order to justify such an extreme implementation but more likely we will see stagflation and sector by sector inflation or deflation juggling at the same time. Not even the experts can agree on what the future holds in store.

One way for silver investors to prepare and somewhat hedge for this is perhaps by acquiring the circulating 40 percent silver half dollars from 1965 through 1969. Since they are valid currency, during a deflation they will still be worth at least 50c each in face value and if silver rises from inflation they will share in such rise as well. Naturally the larger investors will seek to exchange as much as half of their holdings into precious and strategic metals like gold, platinum, palladium, rhodium, etc. in order to hedge against possible devaluations. Those fleeing the euro are doing so and some are also buying dollars which is propping up the dollar for the time being. The primary question each has to ask themselves is whether or not they want to risk losing half of their money on each possible scenario and maybe saving or preserving the other half on opposite thinking. To me each person has to try to assess their own particular situation and develop a plan that provides at least some protection against the ravages of all possible adverse happenings. Prepare for the worst but hope for the best. It is better to have certain things and not need them than to need them and not have them. That sort of stuff and if society breaks down for any reason, being able to bridge the gaps at least for short periods of time. http://www.cointalk.org/images/icons/icon12.gif

 

Safety Deposit Boxes

What you say is correct.I am in Canada so most parts of the U.S. Patriot act don't apply to me.We have our own Patriot Act called Bill C-7.This said, U.S. Homeland security can gather information on a Canadian Citizen and use it as they wish on U.S. soil,meaning if they found something on me they did not like they could nab me at the border.
Looks like in the case of a U.S. national disaster,no weapons,gold,silver are allowed to leave a safety deposit box.The IRS also has full access to anyones safety deposit box.Not sure about the law here,looking into it.
http://elliotlakenews.wordpress.com/2007/01/11/us-safety-deposit-boxes-not-safe/

 

This is a very old conspiracy theory that has circulated around the internet. :rolling:Since there isn't a single shred of solid evidence for it, I wouldn't call it "likely" since the folks who attend the G20 meetings do not even have the authority to execute such a plan on behalf of their own nations. There are too many competing constituencies to make it happen. It took decades to implement the Euro, and it barely works.:computer:

 

The information derives from reliable and respected sources who attend or have contacts attending these meetings for their own interests. The authority is granted to the central banks who are basically empowered and charged with doing what is necessary to provide for the needs of government and commerce. They expect that within three to five years the groundwork will have been laid to establish a one world currency. Some experts are saying we will undergo a period of deflation followed by high inflation.

The recent health care legislation opens up the door for people to be injected with a chip, "tagged" (bar-coded?) supposedly for health care history but will be all-encompassing to include financial, etc. -- this process is tied in with national ID systems which are already prominent in many countries, and will facilitate people control in all aspects of your life including rationing. One can call this conspiracy theory, people control, or whatever they choose, but simply opening your eyes and ears to what is going on certainly does not deny its existence.

 

It always comes down to th old "if only you knew what I know" syndrome, which never requires the provision of even a scrap of hard evidence by the source. The willingness of folks to believe this stuff because it empowers them with "knowledge" that nobody else possesses is the core propaganda tool of this sort of fiction passing as news on the internet.

 

Look, I'm not saying "take my word for it" but I am also not going to divulge sources without their specific permission. Do your own research. I follow between 150 and 200 newsletters and extract the info that I deem worthy and appropriate. Much of that information is extracted from specific identified sources which one can pull up and view for themselves if they so choose. If you want chapter and verse, then that is what you will have to do; otherwise my comments would be too voluminous for anyone to read or want to, and too time-consuming for me to draft and post.

FYI, the chip information previously referred to is on page 1008 or so in the voluminous health care legislation.

 

Imagine what you could accomplish if you put the time it takes to read that many conspiracy newsletters to productive use. But thanks for proving my point.:thumb:

Edit: I would just like to add that one of the biggest problems we have today is that most folks can't tell the difference between fact and opinion. It doesn't seem to be taught in schools anymore. And just because one newsletter writer quotes an "informed source" doesn't mean that it is fact. It is just one person quoting the opinion of another person with the same opinion as the writer.

Edit the edit: If you cancel all of those subscriptions and use the funds to purchase silver, you will probably be better off on several different levels. And just so there is no confusion, all of this is my OPINION.