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<p>[QUOTE="starnote111, post: 190855, member: 7692"]Hello Drusus, I'm not familiar with apmex, but as with any business you, me and everyone else that was thinking about investing monies with any given business you will want to do a background check on them. Call the Bureau of Consumer Affairs and ask for information on any business and if they can't supply you with the information you require ask them for assistance in pointing you in the direction/people who can help. Your banker is a treasure chest of influence with financial instituations and can find out information that some stock brokers can't dig up. There are two more resources you can go to and thats your attorney (if you have one that you deal with regularly) and the other is your tax accountant. All of these people are proberly very good at what they do.........and most of them love doing it. I have an extensive port-folio and 5 years ago I deversified it and now I'm vested around 30% plus in gold and coins. Did you know that coins are tax defiered? And if one day say for example your family would have to put you in a nursing home, you wouldn't have to inventory your coins/gold in an summary of your net worth that some nursing facilities request. Keep your business private to yourself and spouce and don't get into conversations with family (children/in-laws) and start spilling your guts abount your ventures and profit margins and how your acquiring them. If you feel a need to talk to someone talk to your banker or tax accountant. I'm a very private person and I read and study and research 2/3's of my time. I'm 48 years old and disabiled with Rhumitoid Arthritis. I own 3 houses all 4/5 bedroom 2 to 3 bathrooms and the works. I also own a 50 acre farm with all the machinery thats required to make it functional and kept nice. I own self-storage buildings that are full constantly, I own several rental properties, I also manage a stump grinding/ trenching business from my home and check on the jobs as far a quality and professional service by driving to the job sites and inspecting the jobs being done and also require the people who work for me to be clean shaven well dressed with the proper attire and safety equipment and expect a positive attitude with the clients at all times. I have purchased large anuities from New York Life have have most of them locked down for 8 years minimun for the best rates. I also have Money Markets, High Interest checking accounts where each night 7 days a week 52 weeks a year the monies are pulled from the checking accounts and put into a form of Money Market and earns a higher interest rate and then put back into the checking accounts. I own large CD's and also some high dividend stocks with Dupont Corporation that pays me money every 90 days ( around $700.00 to $800.00 ) and get this now everything I own is paid for in full and I am in possession of all deeds and titles. Do you realize that every family no matter how big or small needs at least 6 sources of revenue coming in to be comfortable and don't ever get to comfortable and take things for granted or get the midas feeling because thats when your going to screw up. Why have I stated all of this? What is the purpose you say? No its not to blow my own horn so to say, its to make you see and understand the importance of educating yourself in every way possible before striking out on a business venture weither its buying gold bullion, numismatic rareities, stocks, land and so on and so forth. Would you lets say start a exercise business ( Curves for instance) without bring in a consultant firm to do a study of the geographical area as related to supply and demand so you could see either how sucessfull the business would be or how bad it would turn belly up and be a money pit of expense. Drusus you seem to be causious minded and thats great. Your asking some good questions, but don't just rely on others feedback and opinions, talk to the people you trust (banker, tax account, attorney) and a tell your banker you'd like to set up a meeting with one of their finanical advisors and they'll be more than happy to assist you. Well.....as you can see I seem to get carried away sometimes. I didn't mean to get off base if I did and I apologize for being so long winded...so to say. Make money....we've all got to have it, its just a fact. Make money by educating yourself. Make money by listening to people who's job it is to make you money by giving sound, solid, safe advise ( because their jobs depend on how well they invest and direct others) I don't guess I'd be this nuts about this area of gold investments and coins if I hadn't taken such a very large loss along with my friends so I took the measures to insure it wouldn't happen again and hopefully you and others will also. So now I'll shut up and stop being such a bore. Wishing you the very best and everyone else also...be carefull...and have fun! Laughing and smiling and having fun is what its all about...enjoying life to the fullest! Reguards, Michael/starnote from Virginia.[/QUOTE]</p><p><br /></p>
[QUOTE="starnote111, post: 190855, member: 7692"]Hello Drusus, I'm not familiar with apmex, but as with any business you, me and everyone else that was thinking about investing monies with any given business you will want to do a background check on them. Call the Bureau of Consumer Affairs and ask for information on any business and if they can't supply you with the information you require ask them for assistance in pointing you in the direction/people who can help. Your banker is a treasure chest of influence with financial instituations and can find out information that some stock brokers can't dig up. There are two more resources you can go to and thats your attorney (if you have one that you deal with regularly) and the other is your tax accountant. All of these people are proberly very good at what they do.........and most of them love doing it. I have an extensive port-folio and 5 years ago I deversified it and now I'm vested around 30% plus in gold and coins. Did you know that coins are tax defiered? And if one day say for example your family would have to put you in a nursing home, you wouldn't have to inventory your coins/gold in an summary of your net worth that some nursing facilities request. Keep your business private to yourself and spouce and don't get into conversations with family (children/in-laws) and start spilling your guts abount your ventures and profit margins and how your acquiring them. If you feel a need to talk to someone talk to your banker or tax accountant. I'm a very private person and I read and study and research 2/3's of my time. I'm 48 years old and disabiled with Rhumitoid Arthritis. I own 3 houses all 4/5 bedroom 2 to 3 bathrooms and the works. I also own a 50 acre farm with all the machinery thats required to make it functional and kept nice. I own self-storage buildings that are full constantly, I own several rental properties, I also manage a stump grinding/ trenching business from my home and check on the jobs as far a quality and professional service by driving to the job sites and inspecting the jobs being done and also require the people who work for me to be clean shaven well dressed with the proper attire and safety equipment and expect a positive attitude with the clients at all times. I have purchased large anuities from New York Life have have most of them locked down for 8 years minimun for the best rates. I also have Money Markets, High Interest checking accounts where each night 7 days a week 52 weeks a year the monies are pulled from the checking accounts and put into a form of Money Market and earns a higher interest rate and then put back into the checking accounts. I own large CD's and also some high dividend stocks with Dupont Corporation that pays me money every 90 days ( around $700.00 to $800.00 ) and get this now everything I own is paid for in full and I am in possession of all deeds and titles. Do you realize that every family no matter how big or small needs at least 6 sources of revenue coming in to be comfortable and don't ever get to comfortable and take things for granted or get the midas feeling because thats when your going to screw up. Why have I stated all of this? What is the purpose you say? No its not to blow my own horn so to say, its to make you see and understand the importance of educating yourself in every way possible before striking out on a business venture weither its buying gold bullion, numismatic rareities, stocks, land and so on and so forth. Would you lets say start a exercise business ( Curves for instance) without bring in a consultant firm to do a study of the geographical area as related to supply and demand so you could see either how sucessfull the business would be or how bad it would turn belly up and be a money pit of expense. Drusus you seem to be causious minded and thats great. Your asking some good questions, but don't just rely on others feedback and opinions, talk to the people you trust (banker, tax account, attorney) and a tell your banker you'd like to set up a meeting with one of their finanical advisors and they'll be more than happy to assist you. Well.....as you can see I seem to get carried away sometimes. I didn't mean to get off base if I did and I apologize for being so long winded...so to say. Make money....we've all got to have it, its just a fact. Make money by educating yourself. Make money by listening to people who's job it is to make you money by giving sound, solid, safe advise ( because their jobs depend on how well they invest and direct others) I don't guess I'd be this nuts about this area of gold investments and coins if I hadn't taken such a very large loss along with my friends so I took the measures to insure it wouldn't happen again and hopefully you and others will also. So now I'll shut up and stop being such a bore. Wishing you the very best and everyone else also...be carefull...and have fun! Laughing and smiling and having fun is what its all about...enjoying life to the fullest! Reguards, Michael/starnote from Virginia.[/QUOTE]
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