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OT bullion investment question
If you decided to put some of your retirement money in metals what would
you do, and why? Your total hedge amount to "invest" is say $25,000.00 In the last 10 Years Gold has gone from a low of $255.38 to $1217.50 today as I post. http://www.kitco.com/charts/popup/au3650nyb.html Silver has gone from $4.02 to $19.08 in the same period. http://www.kitco.com/charts/popup/ag3650nyb.html What would you put your money in. Gold 1 oz bullion such as the Eagle program Fractional Gold bullion Gold bars Gold coins Other gold such as??? Silver Bullion such as the Eagle program Silver bars Junk 90% coins Collectible silver coins such as Morgan dollars? Other silver such as??? -- Government is a voracious monster that must have your labor to control YOU! Your money is your liberty. The taxes you pay gently enslave you, and eventually destroy any human liberty you have. Fear government, pray for the country. |
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#2
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OT bullion investment question
George D wrote:
If you decided to put some of your retirement money in metals what would you do, and why? Your total hedge amount to "invest" is say $25,000.00 If I wanted a hedge against inflation, I'd buy gold bullion in one form or other. I'm talking about metallic gold, not gold on paper. Even if the price of gold goes down, or even way down, gold is still gold. James the Miser |
#3
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OT bullion investment question
George D wrote:
If you decided to put some of your retirement money in metals what would you do, and why? Your total hedge amount to "invest" is say $25,000.00 Not a lot to retire on... In the last 10 Years Gold has gone from a low of $255.38 to $1217.50 today as I post. http://www.kitco.com/charts/popup/au3650nyb.html Silver has gone from $4.02 to $19.08 in the same period. http://www.kitco.com/charts/popup/ag3650nyb.html People were laughing if you wanted to buy when gold was $400/oz. ... They still laughed if you wanted to buy when gold topped $700/oz. ... Same story at $1,000/oz. ... What would you put your money in. Gold 1 oz bullion such as the Eagle program Fractional Gold bullion Gold bars Gold coins Other gold such as??? Silver Bullion such as the Eagle program Silver bars Junk 90% coins Collectible silver coins such as Morgan dollars? Other silver such as??? Gold, unlike stocks, can never lose 100% of its value ... which is perhaps one reason among many others to be bullish (i.e. take more risks) when buying the metal. It's a hard call to make when dealing with coins, though, because of the bank's (or dealer's) mark-up, or spread. Some of the rarer gold coins have not appreciated as much as the more common, lower-grade bullion coins in past years because changes in the intrinsic numismatic value of a coin usually do not fluctuate as much as the changes in bullion value. $25,000 is an awful lot of silver ... if you have the room to store it securely, i.e. protected from theft but also environmental damage, it's as good as any other metal. Gold is relatively immune from the environment, takes up much less storage space ($25,000 is a little less than 1 kg or 2.2 pounds right now), but needs more security WRT theft. I like the fact that I can buy and sell gold in coin form as I need it. With larger amounts in gold bars, the spread might be smaller, but you might not want to sell a large bar all at once at a certain point in time (or be able to buy one right then). Coins gives you somewhat more flexibility, but the spread is larger. You have to wait longer until you can see a profit on it. Sell it too quickly, and you lose money relative to the larger units. (just IMHO only...) |
#4
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OT bullion investment question
"George D" wrote in message ... If you decided to put some of your retirement money in metals what would you do, and why? Your total hedge amount to "invest" is say $25,000.00 In the last 10 Years Gold has gone from a low of $255.38 to $1217.50 today as I post. http://www.kitco.com/charts/popup/au3650nyb.html Of course, long before gold hit a low of $255.38, it hit a high of $850.00 in January of 1980 http://www.usagold.com/reference/prices/1980.html If you had invested your money then, you'd have a 43% gain on your money or roughly 1.5% a year. The time to have invested your money was when gold was $255.38. Silver has gone from $4.02 to $19.08 in the same period. http://www.kitco.com/charts/popup/ag3650nyb.html What would you put your money in. My mattress. It's probably safer than in a bank and pays almost as much. Gold 1 oz bullion such as the Eagle program Fractional Gold bullion Gold bars Gold coins Other gold such as??? Silver Bullion such as the Eagle program Silver bars Junk 90% coins Collectible silver coins such as Morgan dollars? Other silver such as??? -- Government is a voracious monster that must have your labor to control YOU! Your money is your liberty. The taxes you pay gently enslave you, and eventually destroy any human liberty you have. Fear government, pray for the country. |
#5
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OT bullion investment question
Robert Hairgrove wrote:
George D wrote: If you decided to put some of your retirement money in metals what would you do, and why? Your total hedge amount to "invest" is say $25,000.00 Not a lot to retire on... No it is not and I would not put all of my money in any one vehicle. The amount I gave is only for discussion anyway and is not what I currently have or will have in the future.... It could be more or less than that. I just thought that it would be an interesting discussion. In the last 10 Years Gold has gone from a low of $255.38 to $1217.50 today as I post. http://www.kitco.com/charts/popup/au3650nyb.html Silver has gone from $4.02 to $19.08 in the same period. http://www.kitco.com/charts/popup/ag3650nyb.html People were laughing if you wanted to buy when gold was $400/oz. ... They still laughed if you wanted to buy when gold topped $700/oz. ... Same story at $1,000/oz. ... What would you put your money in. Gold 1 oz bullion such as the Eagle program Fractional Gold bullion Gold bars Gold coins Other gold such as??? Silver Bullion such as the Eagle program Silver bars Junk 90% coins Collectible silver coins such as Morgan dollars? Other silver such as??? Gold, unlike stocks, can never lose 100% of its value ... which is perhaps one reason among many others to be bullish (i.e. take more risks) when buying the metal. It's a hard call to make when dealing with coins, though, because of the bank's (or dealer's) mark-up, or spread. Some of the rarer gold coins have not appreciated as much as the more common, lower-grade bullion coins in past years because changes in the intrinsic numismatic value of a coin usually do not fluctuate as much as the changes in bullion value. $25,000 is an awful lot of silver ... if you have the room to store it securely, i.e. protected from theft but also environmental damage, it's as good as any other metal. Gold is relatively immune from the environment, takes up much less storage space ($25,000 is a little less than 1 kg or 2.2 pounds right now), but needs more security WRT theft. Yes 2 bags of 90% US silver coins is heavy and takes up a lot of space http://www.mjpm.com/silver.cfm Whereas 10 or 11oz gold Eagles would fit in your pocket or purse. http://www.mjpm.com/gold.cfm I like the fact that I can buy and sell gold in coin form as I need it. With larger amounts in gold bars, the spread might be smaller, but you might not want to sell a large bar all at once at a certain point in time (or be able to buy one right then). Coins gives you somewhat more flexibility, but the spread is larger. You have to wait longer until you can see a profit on it. Sell it too quickly, and you lose money relative to the larger units. (just IMHO only...) -- Government is a voracious monster that must have your labor to control YOU! Your money is your liberty. The taxes you pay gently enslave you, and eventually destroy any human liberty you have. Fear government, pray for the country. |
#6
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OT bullion investment question
"George D" wrote in message ... If you decided to put some of your retirement money in metals what would you do, and why? Your total hedge amount to "invest" is say $25,000.00 Well, a lot depends on how long you expect to hold on to the metals in question. If you think the economy is going to turn around and people will start buying cars again, palladium and platinum are essential metals for the catalytic converters required, so they should go up. Platinum is way off its high of over $2000. On the other hand, if you think the economy is circling the bowl and will only get worse and will be coupled with high inflation, gold is the classic hedge. My take: $500 face in junk US silver (currently selling 12-13X face, you may do better, you may do worse - shop around); 10 ounces of palladium (I believe Canada makes palladium bullion coins), 2 ounces of platinum US Eagles, the rest in gold US Eagles (I prefer 1/4oz and 1/10oz Eagles but YMMV). |
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