Silver Gold And Platinum Bullion

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Does the absence of official US Mint Packaging (box/certificate) reduce the value of bullion coins?

Posted by admin as Platinum Bullion

I’m new to collecting US Bullion coins (other than buying directly from the US Mint which isn’t possible) and have noticed that a lot of companies sell the bullion (Silver/Gold/Platinum eagles) and Gold Buffalo coins without the box and Certificate of authenticity that the US Mint provides when you buy through them. Is a bullion coin without the US Mint box/Certificate worth lesser than ones that do have them? I see a lot of venders who are selling the coin itself without any of the original US Mint packaging. Does this decrease a bullion coin’s value. Also, does anyone have recommendations for good online retailers for bullion coins? Here in Utah there really are no dealers who sell US Mint Bullion. One in Salt Lake City is an official US Mint re-seller but mainly specializes in selling rare Mormon coins and don’t have much US Mint merchandise in stock.

It won’t reduce the value, but if someone asks you for the certificate to prove authenticity and you don’t have one, you may have a hard time making the sale. Other buyers aren’t as picky. The best way to pick up good deals on your bullion is to hit up the auctions at http://www.buybullionnow.com/ — they’re all run through eBay stores so you can easily get prices below market value for investment and resale. It’s hard to find brick-and-mortar bullion stores anymore, anyway.

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

Posted by admin as Platinum Bullion

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!!!

Would you rather have $100 or a 1 ounce platinum bullion coin?

Posted by admin as Platinum Bullion

Platinum trades on the NYSE

Platnum coin… because I’ll always have 100$.

Whats the point in buying gold and silver?

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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

Best place to buy purest Gold, Silver, Platinum?

Posted by admin as Platinum Bullion

I want to buy Biscuits, Bullion, Coins of the above commodities against inflation?

Where is the best place to buy Gold, Silver, Platinum Biscuits, Bullion, Coins at a good price?

Please do not recommend buying jewelery because its not the purest form!

Thank You!
My first preference is

"Gold Bullion"

If you are in Canada, got to the royal Canadian mint and get maple leaf coins. With a fineness of 9999 (4 nines) this is one of the purest types of bullion available

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

Posted by admin as Platinum Bullion

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.

Should I buy some more gold, silver and platinum?

Posted by admin as Platinum Bullion

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.

what type of investment would you suggest?

Posted by admin as Platinum Bullion

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 Bullion

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..!!!