gastrackerrock

How Precious Metals Can Preserve Your Wealth

I will answer some of your questions...

1. Do research!!!
Read, read read...
Pick up "Rich Dad's Guide to Investing in Gold and Silver", by Mahoney, as well as read anything by David Morgan to learn the basics...

2. You don't wanna hear it, but "Buy from a reputable dealer, for example, APMEX, Westminster Mint, Northwest Mint, Lydian Mint, Tulving, etc...They all sell pure product, no gimmicks or fakes. Most Mints will be registered with many organizations, among them, the BBB. Careful with local dealers, and Ebay. Get references from other people who buy, for example, like I just did, as they have been through this all before.

3. Shop around for the best price:
Many places will tell you they have the best price, but dependent on whether you want bullion rounds, coins minted by countries governments (American Silver Eagles, Canadian maple Leafs, Austrian Philharmonics, etc), bars of varying sizes, etc., most all sites will have different prices on them, depending upon volume bought, so determine how much you want to spend first...and then, buy what you like most...

4. ALWAYS take physical possession, IMHO...I don't trust others, plus you have to pay storage fees, and avoid bank vaults and safety boxes. All Gold was confiscated by the U.S. Government back in the 30's for "fair market value". Folks had no choice. That confiscation act is still in place, so it COULD be used again...

There are many websites to look at for more answers and insight. One suggestion, find a decent precious metals forum, Kitco for example, and read read read...
www.coinchatradio.com/
www.kitco.com/
goldismoney.info/forums/
realcent.forumco.com/
www.silverbearcafe.com...

Hope this helps...OH, and stay Gold, and ESP SILVER. Don't worry about platinum and palladium just starting out...

GTR


On Jul 07 02:24 PM OldNavySailor wrote:

> Okay, I have to ask some practical questions about purchasing and
> exchanging PM (precious metals) before the economy collapses. I've
> never bought and owned the commodity and ask you experienced people
> out there for some guidance.
>
> 1. How do I buy PM and how do I know if what I'm buying is real and
> not fake? Is there a "gold/silver/platinum" test kit? Don't tell
> me that I should seek "certified" or "reputable" dealers. I want
> proof that what I'm buying is real and not some alloy of PM and non-PM
> metals. How do I know?
>
> 2. Is it better to take physical possession or keep it stored at
> a private company site? What are the costs (monthly, annually) and
> can the government grab the PM?
>
> 3. What will be the mechanism be for retail stores to value and accept
> PM when I go to purchase food, gasoline, clothing, etc. and other
> staples of life?
>
> 4. Is there a website that can answer these basic questions?
>
> I appreciate any help you can offer.

Book Review: 'Get the Skinny on Silver Investing'

Excellent Book! With the exception of Michael Mahoney's "Rich Dad" series book, "Guide to Investing in Gold and Silver", which I feel is the be all end all in precious metals investing books, Morgan gives us a good look into the arena that is Silver, with a lot of good information. David has been involved for decades now, and he knows his stuff. One of the best books available on the subject. It doesn't quite top Mahoney's book though...

Rising Silver: Four Ways to Play

Physical physical PHYSICAL!!!! Don't trust the others, they are pretenders...buy the physical stuff...

Silver will take off like a ROCKET soon, don't get left behind, and buy in when it's too late like folks did in 1980...

How to Hold Gold

Physical holdings of any PM's you may have, either for a "hedge" or for investment (hopefully both) are by far the most safe and secure way. NEVER trust the paper (paper is worthless for the most part) or some random third party to "watch" it for you...

Don't forget Silver as well. In many ways, better than Gold, esp for potential to increase in value, as well as more affordable to get started in for the average joe...

Bullish on Silver, Less So on Gold

I'm more inclined to listen to what David Morgan says, as I like Butler, but he can be a bit "out there" at times, whereas Morgan is a silver fan, but doesn't put so much emotional thought into it as Butler does. Jason Hommel is a young up and comer who's gaining steam as well...

Silver Set to Sparkle

Physical Silver and Gold...Hold it! Forget the ETF's, etc., and the companies that "store" it for you. Trust what you can see and feel...

How to Fix the Economy

They actually "published" this??? Sad state you must be in guys, scraping the bottom of the barrel for another link...