Tag: Silver

How and Where to Buy gold?

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Mistakes You Want To Avoid When Buying Gold for Investment!

1-Avoid buying proof coins if you are buying gold as an investment. Proof coinage means special early samples of a coin issue, historically made for checking the dies and for archival purposes, but nowadays often struck in greater numbers especially for coin collectors (numismatists). Nearly all countries have issued proof coinage.

2-Avoid European Coins

They are not worth the high price, dealers promoting European coins because they provide bigger profits and clients have no chance of making any future profit.

3-Avoid Investing in Exploration Mining Stocks

it’s so difficult to find a mine. Only one in about 500 deposits that they drill actually become a mine.

Gold Approached $1,570 an Ounce!

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Gold approached $1,570 an ounce, extending a rally to a record, on bets that the dollar will extend a slump, enhancing the allure of the metal as a store of value. Silver posted for the biggest monthly gain in 28 years.
“Silver’s run is related to the rise in gold,” said Michael Cuggino, who helps manage about $12 billion at Permanent Portfolio Funds in San Francisco. “There’s a lot of speculation in silver. Anytime you’ve had a run like silver, you’re going to get a correction.”

Gold has climbed 33 percent in the past year, and silver has more than doubled.

US Dollar Drops to 15 Month Low

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Whenever there has been a world crisis, it has been typical for foreigners to seek the safety of the US dollar. A common means to accomplish that has been to buy US Treasury debt. The typical example over the past couple of years is that the demand for US Treasury debt has increased at the various peaks of crises among the European Union nations such as Greece, Ireland, Spain, Portugal, and the like.

As a result of these surges in demand, the US Dollar Index, which reflects the value of the dollar against other currencies, tends to increase.

Hedging Silver

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Silver – like gold – has enjoyed a high-octane surge. But what now? How do you keep chasing the profits that inflation is sure to bring without risking the loss of those profits should silver prices reverse? Well, options expert Larry D. Spears last week showed investors how to hedge against a possible decline in the price of gold – and this week he’s back to do the same ….

Global Investing Strategies

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Right now, China is where America was back at the dawn of the Industrial Revolution, and into the 1800s. Development is highly concentrated in the coastal regions, the financial system is maturing and the country’s economy is characterized by rapid growth across the board. And everything – from intellectual property to real estate values – is under tremendous pressure … to grow. So there are some real parallels. China is not going to stop growing anytime soon nor is it going to fail. But it is likely to have some hiccups…again, just as we did with two world wars, the Great Depression, 20 or so recessions and all manner of boom-and-bust cycles. Some of those hiccups will be quite wrenching in nature.

The key will be to “follow the money” into the best profit opportunities. And no matter what happens, there will always be opportunities – if you know what to look for.

I am convinced that China will affect every asset class on the planet – even if only indirectly – for the rest of our lives. I am also convinced that it represents the single-greatest-wealth-creation opportunity of our time, which is why I have spent a good portion of my life and career in the Pacific Rim – studying, participating and actively investing in related markets.