Dec
7
How Investing in Precious Metals Will Help Baby Boomers Retire Comfortably Without Fear
Filed Under Investing | Leave a Comment
David Morgan
Baby boomers, with every year that you get older, do you become more and more afraid of retiring?
I don’t blame you at all.
The worldwide economic slowdown epidemic that is forcing homeowners into foreclosure, halting consumer spending, driving up credit card bills and crashing stock exchanges on a global basis are seriously hurting many baby boomers’ plans for retirement.
Many boomers have become very fearful of their future because they were relying on their 401Ks and IRAs for a comfortable retirement. Now, they’re watching their profits freefalling downward. Many boomer investors are now seeing lots of red in their portfolios – so how can they retire?
In other words, if baby boomers aren’t adding to their wealth and if their asset values are falling, their chances of a comfortable retirement are quickly diminishing.
So, what can you do?
Simply change the way you fund your retirement. Start diversifying wisely!
Two Alarming Reports That Should Convince All Baby Boomers to Change the Way They Invest in Their Retirement Plans
- A recent S&P report, which calls Americans “dangerously unprepared for retirement,” notes that the poor performance of asset markets in recent years is hitting the piggy banks of even those most primed for retirement. The S&P 500 Index, for example, is on track to have its worst decade performance since the Great Depression!
- In an AARP survey, fifty percent of the respondents said the value of their 401(k) accounts and other investments had dropped over the past 12 months. One-quarter of retirees said their golden-years income had fallen in tandem with interest rates.
How You Should Invest in Your IRAs and 401Ks If You Want to Avoid Retiring Poor
You should fund your Individual Retirement Accounts (IRAs) and 401Ks with physical gold and silver. Yet very few investors are aware of this fact.
Here’s why you should diversify your retirement portfolio with precious metals:
- Precious metals are exempt from all capital gains taxes, so if your investments perform well over a long period of time, it can result in huge savings.
- Precious metals normally rise during periods of unsettling events such as wars, terrorism, inflation, deflation, downturns in the stock market and the US dollar.
- Precious metals usually yield large profits in no matter the circumstances.
What Makes Investing in Gold and Silver Unique
When you invest in gold and silver you can take physical possession of the actual gold or silver when you make your withdrawals. That’s correct! You can cash out in real honest-to-goodness gold and silver instead of fiat dollars. This is the most important feature of all. Down the road, in this generational bull market in gold and silver, the odds are in your favor that you will want and need the physicals when it’s time to access your investment.
How to Get Started in Investing in Gold and Silver in Your IRAs and 401Ks
Once you decide that you want to include precious metals in your retirement planning, you need to determine how much you want to invest.
How much you invest depends on:
- Your annual contribution
- Your personal goals
- Your individual investment philosophy
Three other factors to consider are:
- Your age
- Total assets
- Risk tolerance
Very few institutions are set up to handle the precious metals component of retirement plans. One of the leaders in the field that I personally recommend using is GoldStar Trust Company. They serve as custodian for approximately 20,000 self-directed IRAs with assets in excess of $700 million. One thing to note is that GoldStar is not a coin dealer, but it will work with dealers who buy and sell precious metal coins and bullion for your IRA on your instructions.
Setting up a self-directed IRA with a company like GoldStar is easy. And, there are only three steps to follow:
1. Submit the paperwork.
2. Fund the account.
3. Direct your broker which precious metals to buy.
So, start investing in gold. Start investing in silver. And start investing in other precious metals unless you want to continue having to drink a bottle of Maalox every night because you’re so afraid of the future. Follow my advice in this article, in my book “Get the Skinny on Silver Investing” and on my website, http://www.silver-investor.com and you will retire comfortably without fear.
Baby boomers, with every year that you get older, do you become more and more afraid of retiring?
I don’t blame you at all.
The worldwide economic slowdown epidemic that is forcing homeowners into foreclosure, halting consumer spending, driving up credit card bills and crashing stock exchanges on a global basis are seriously hurting many baby boomers’ plans for retirement.
Many boomers have become very fearful of their future because they were relying on their 401Ks and IRAs for a comfortable retirement. Now, they’re watching their profits freefalling downward. Many boomer investors are now seeing lots of red in their portfolios – so how can they retire?
In other words, if baby boomers aren’t adding to their wealth and if their asset values are falling, their chances of a comfortable retirement are quickly diminishing.
So, what can you do?
Simply change the way you fund your retirement. Start diversifying wisely!
Two Alarming Reports That Should Convince All Baby Boomers to Change the Way They Invest in Their Retirement Plans
- A recent S&P report, which calls Americans “dangerously unprepared for retirement,” notes that the poor performance of asset markets in recent years is hitting the piggy banks of even those most primed for retirement. The S&P 500 Index, for example, is on track to have its worst decade performance since the Great Depression!
- In an AARP survey, fifty percent of the respondents said the value of their 401(k) accounts and other investments had dropped over the past 12 months. One-quarter of retirees said their golden-years income had fallen in tandem with interest rates.
How You Should Invest in Your IRAs and 401Ks If You Want to Avoid Retiring Poor
You should fund your Individual Retirement Accounts (IRAs) and 401Ks with physical gold and silver. Yet very few investors are aware of this fact.
Here’s why you should diversify your retirement portfolio with precious metals:
- Precious metals are exempt from all capital gains taxes, so if your investments perform well over a long period of time, it can result in huge savings.
- Precious metals normally rise during periods of unsettling events such as wars, terrorism, inflation, deflation, downturns in the stock market and the US dollar.
- Precious metals usually yield large profits in no matter the circumstances.
What Makes Investing in Gold and Silver Unique
When you invest in gold and silver you can take physical possession of the actual gold or silver when you make your withdrawals. That’s correct! You can cash out in real honest-to-goodness gold and silver instead of fiat dollars. This is the most important feature of all. Down the road, in this generational bull market in gold and silver, the odds are in your favor that you will want and need the physicals when it’s time to access your investment.
How to Get Started in Investing in Gold and Silver in Your IRAs and 401Ks
Once you decide that you want to include precious metals in your retirement planning, you need to determine how much you want to invest.
How much you invest depends on:
- Your annual contribution
- Your personal goals
- Your individual investment philosophy
Three other factors to consider are:
- Your age
- Total assets
- Risk tolerance
Very few institutions are set up to handle the precious metals component of retirement plans. One of the leaders in the field that I personally recommend using is GoldStar Trust Company. They serve as custodian for approximately 20,000 self-directed IRAs with assets in excess of $700 million. One thing to note is that GoldStar is not a coin dealer, but it will work with dealers who buy and sell precious metal coins and bullion for your IRA on your instructions.
Setting up a self-directed IRA with a company like GoldStar is easy. And, there are only three steps to follow:
1. Submit the paperwork.
2. Fund the account.
3. Direct your broker which precious metals to buy.
So, start investing in gold. Start investing in silver. And start investing in other precious metals unless you want to continue having to drink a bottle of Maalox every night because you’re so afraid of the future. Follow my advice in this article, in my book “Get the Skinny on Silver Investing” and on my website, http://www.silver-investor.com and you will retire comfortably without fear.
Dec
7
Numismatic Rare Coins – One of the Best Investment Opportunities
Filed Under Sports And Fitness | Leave a Comment
Gareth Bray
People are desperately looking for investment opportunities as it is foreseen nowadays to be a lucrative means to earn some decent extra income. Like anyone else, we are very keen yet cautious in determining which investment opportunity to consider. It is hard-earned money hence we don’t want it to go to vain.
But don’t waste your time anymore. Collecting numismatic rare coins is now valued as one of the best means to investment. It is forecasted that the worth of these numismatic rare coins will exponentially double in the next coming years.
In fact, it presents a greater chance to be richer in a shorter length of time. This is specifically applicable to people who are collecting numismatic rare coins. These valuable coins are more likely to double or triple its market price in the next few years. They already discovered the feasible way to do it. The great deal about starting off this investment is its availability. At the moment, there are few people who are into this kind of collection. Also, the prices, which have been almost the same for the past five years, for these rare collections of coins are still reasonable.
As this kind of investment is not yet saturated, there is very high availability of these rare collections. There is easy access and availability for whoever wishes to buy it.
But what exact is numismatic rare coins? These are actually old coins where are generally made of gold or silver. It is not becoming prominent among the experienced investors as they consider it as a balancing stock portfolio. It implies that investing to such rare collections; the investors are actually reducing the risk in the investment market while expecting substantial return of investment in the next few years.
In fact many financial analysts recommend depositing their discretionary funds to these rare coins and other related precious metals. The advisable percentage of the discretionary funds is at least 10 to 20 percent. Apart from that, the current market price for some rare coins which are made of silver and gold in 1970’s at a minimal production cost of 1,000 only has now escalated to 58,000. This illustration which was depicted by the Coin Universe in the recent market analysis is a persuading fact on how numismatic rare coins are really considered as valuable assets to financial investors.
It is a wide option to prefer an investment in these rare collections of coins as its value escalates whereas the value of the investments made to treasury bills, stock markets and bonds are easy to lose or depreciate. These type of investments are unstable which has probability of losing it in just seconds and days.
Most of the rare coins are made of gold, silver and platinum; hence, you can assure that indeed its market value is escalating. You have also a slim chance of fluctuating value as this coin investment is not directly affected with external factors such as inflation. It is indeed more stable than stock markets and treasury bills.
People are desperately looking for investment opportunities as it is foreseen nowadays to be a lucrative means to earn some decent extra income. Like anyone else, we are very keen yet cautious in determining which investment opportunity to consider. It is hard-earned money hence we don’t want it to go to vain.
But don’t waste your time anymore. Collecting numismatic rare coins is now valued as one of the best means to investment. It is forecasted that the worth of these numismatic rare coins will exponentially double in the next coming years.
In fact, it presents a greater chance to be richer in a shorter length of time. This is specifically applicable to people who are collecting numismatic rare coins. These valuable coins are more likely to double or triple its market price in the next few years. They already discovered the feasible way to do it. The great deal about starting off this investment is its availability. At the moment, there are few people who are into this kind of collection. Also, the prices, which have been almost the same for the past five years, for these rare collections of coins are still reasonable.
As this kind of investment is not yet saturated, there is very high availability of these rare collections. There is easy access and availability for whoever wishes to buy it.
But what exact is numismatic rare coins? These are actually old coins where are generally made of gold or silver. It is not becoming prominent among the experienced investors as they consider it as a balancing stock portfolio. It implies that investing to such rare collections; the investors are actually reducing the risk in the investment market while expecting substantial return of investment in the next few years.
In fact many financial analysts recommend depositing their discretionary funds to these rare coins and other related precious metals. The advisable percentage of the discretionary funds is at least 10 to 20 percent. Apart from that, the current market price for some rare coins which are made of silver and gold in 1970’s at a minimal production cost of 1,000 only has now escalated to 58,000. This illustration which was depicted by the Coin Universe in the recent market analysis is a persuading fact on how numismatic rare coins are really considered as valuable assets to financial investors.
It is a wide option to prefer an investment in these rare collections of coins as its value escalates whereas the value of the investments made to treasury bills, stock markets and bonds are easy to lose or depreciate. These type of investments are unstable which has probability of losing it in just seconds and days.
Most of the rare coins are made of gold, silver and platinum; hence, you can assure that indeed its market value is escalating. You have also a slim chance of fluctuating value as this coin investment is not directly affected with external factors such as inflation. It is indeed more stable than stock markets and treasury bills.
Dec
7
Investing in Gold During Troubled Times
Filed Under Business | Leave a Comment
Ray Subs
Many people in the United States are worried about the state of the economy which seems to be growing weaker by the minute. The price of the dollar has dropped 40 percent and oil continues to rise. The housing market has pretty much collapsed all over the United States and foreclosures are at an all time high. The stock market is barely holding on and many investors are skittish, to say the least.
When troubled economic times abound, you should invest in certain commodities that hold their value no matter what the situation. The reason that these commodities remain valuable is that they are not dependent upon the state of the United States economy – they are of value worldwide.
Some of the most valuable assets or commodities to invest in during a bad economy include the following:
Gold
This is the best investment that you can make as gold is valued worldwide. It is a solid investment and one that most economists are predicting will continue to rise in years to come. This is some feat because gold prices have already risen nearly 200 percent in the last couple of years alone! The price of gold is expected to reach nearly $5,000 an ounce in years ahead, so the time to invest in this precious metal which has always been a constant in troubled economic times, is right now.
Precious Metals
Precious metals include silver, copper and other precious metals that keep their value. Years ago, tin foil was valued as currency because it contained tin. Precious metals are always a good way to diversify your investment portfolio and will come in handy when times are tough as their value increases in troubled economic times, like gold.
Many people in other countries invest in silver, which is the benchmark for the British pound. Silver has always been second to gold when it came to precious metal investments and there has never been a better time than right now to invest in this precious metal.
Coins
Most people realize that coin collections are valuable but few realize how valuable they can be in troubled economic times. Because coins are made out of precious metals, their value increases when times are bad. If you have a coin collection, it is worth more today than it was 2 years ago. It will most likely continue to gain in value. Coins are a good solid investment when the economy looks bleak, as it does right now.
So how do you make an investment in gold, precious metals or coins? How do you diversify your portfolio, including your 401K, so that you can include these valuable investments in them? Very simple – you go to a broker who deals with gold, coins and precious metals. They can help you invest in the vehicle that is right for you.
Look for a discount broker as the commissions charged by some commodities brokers are up to about 45 percent when it comes to buying precious metals. You can get the same service for very little commission from a good discount gold and coins broker.
Many people in the United States are worried about the state of the economy which seems to be growing weaker by the minute. The price of the dollar has dropped 40 percent and oil continues to rise. The housing market has pretty much collapsed all over the United States and foreclosures are at an all time high. The stock market is barely holding on and many investors are skittish, to say the least.
When troubled economic times abound, you should invest in certain commodities that hold their value no matter what the situation. The reason that these commodities remain valuable is that they are not dependent upon the state of the United States economy – they are of value worldwide.
Some of the most valuable assets or commodities to invest in during a bad economy include the following:
Gold
This is the best investment that you can make as gold is valued worldwide. It is a solid investment and one that most economists are predicting will continue to rise in years to come. This is some feat because gold prices have already risen nearly 200 percent in the last couple of years alone! The price of gold is expected to reach nearly $5,000 an ounce in years ahead, so the time to invest in this precious metal which has always been a constant in troubled economic times, is right now.
Precious Metals
Precious metals include silver, copper and other precious metals that keep their value. Years ago, tin foil was valued as currency because it contained tin. Precious metals are always a good way to diversify your investment portfolio and will come in handy when times are tough as their value increases in troubled economic times, like gold.
Many people in other countries invest in silver, which is the benchmark for the British pound. Silver has always been second to gold when it came to precious metal investments and there has never been a better time than right now to invest in this precious metal.
Coins
Most people realize that coin collections are valuable but few realize how valuable they can be in troubled economic times. Because coins are made out of precious metals, their value increases when times are bad. If you have a coin collection, it is worth more today than it was 2 years ago. It will most likely continue to gain in value. Coins are a good solid investment when the economy looks bleak, as it does right now.
So how do you make an investment in gold, precious metals or coins? How do you diversify your portfolio, including your 401K, so that you can include these valuable investments in them? Very simple – you go to a broker who deals with gold, coins and precious metals. They can help you invest in the vehicle that is right for you.
Look for a discount broker as the commissions charged by some commodities brokers are up to about 45 percent when it comes to buying precious metals. You can get the same service for very little commission from a good discount gold and coins broker.
Dec
5
Why You Must Invest In Gold Today
Filed Under Finance | Leave a Comment
Scott Michaels
Gold. Rare, beautiful, and unique. Treasured as a store of value for thousands of years, it is an important and secure asset. It has maintained its long term value, is not directly affected by the economic policies of individual countries and doesn’t depend on a ‘promise to pay’.
Completely free of credit risk, although it bears a market risk gold has always been a secure refuge in unsettled times. Its ‘safe haven’ attributes attract wise investors. Gold has proved itself to be an effective way to manage wealth.
For at least 200 years the price of gold has kept pace with inflation. Another important reason to invest in gold is its consistent delivery within a portfolio of assets. Its performance tends to move independently of other investments and of key economic indicators. Even a small weighting of gold in an investment portfolio can help reduce overall risk.
Most investment portfolios are invested primarily in traditional financial assets such as stocks and bonds. The reason for holding diverse investments is to protect the portfolio against fluctuations in the value of any single asset class.
Portfolios that contain gold are generally more robust and better able to cope with market ncertainties than those that don’t. Adding gold to a portfolio introduces an entirely different class of asset.
Gold is unusual because it is both a commodity and a monetary asset. It is an ‘effective diversifier’ because its performance tends to move independently of other investments and key economic indicators.
Studies have shown that traditional diversifiers (such as bonds and alternative assets) often fail during times of market stress or instability. Even a small allocation of gold has been proven to significantly improve the consistency of portfolio performance during both stable and unstable financial periods.
Gold improves the stability and predictability of returns. It is not correlated with other assets because the gold price is not driven by the same factors that drive the performance of other assets. Gold is also significantly less volatile than practically all equity indices.
The value of gold, in terms of real goods and services that it can buy,has remained remarkably stable. In contrast, the purchasing power of many currencies has generally declined.
Traditionally, access to the gold market has been through: investment in physical gold, usually as gold coins or small bars,or, for larger quantities, by way of the over the counter market; gold futures and options; gold mining equities, often packaged in gold-oriented mutual funds.
Gold. Rare, beautiful, and unique. Treasured as a store of value for thousands of years, it is an important and secure asset. It has maintained its long term value, is not directly affected by the economic policies of individual countries and doesn’t depend on a ‘promise to pay’.
Completely free of credit risk, although it bears a market risk gold has always been a secure refuge in unsettled times. Its ‘safe haven’ attributes attract wise investors. Gold has proved itself to be an effective way to manage wealth.
For at least 200 years the price of gold has kept pace with inflation. Another important reason to invest in gold is its consistent delivery within a portfolio of assets. Its performance tends to move independently of other investments and of key economic indicators. Even a small weighting of gold in an investment portfolio can help reduce overall risk.
Most investment portfolios are invested primarily in traditional financial assets such as stocks and bonds. The reason for holding diverse investments is to protect the portfolio against fluctuations in the value of any single asset class.
Portfolios that contain gold are generally more robust and better able to cope with market ncertainties than those that don’t. Adding gold to a portfolio introduces an entirely different class of asset.
Gold is unusual because it is both a commodity and a monetary asset. It is an ‘effective diversifier’ because its performance tends to move independently of other investments and key economic indicators.
Studies have shown that traditional diversifiers (such as bonds and alternative assets) often fail during times of market stress or instability. Even a small allocation of gold has been proven to significantly improve the consistency of portfolio performance during both stable and unstable financial periods.
Gold improves the stability and predictability of returns. It is not correlated with other assets because the gold price is not driven by the same factors that drive the performance of other assets. Gold is also significantly less volatile than practically all equity indices.
The value of gold, in terms of real goods and services that it can buy,has remained remarkably stable. In contrast, the purchasing power of many currencies has generally declined.
Traditionally, access to the gold market has been through: investment in physical gold, usually as gold coins or small bars,or, for larger quantities, by way of the over the counter market; gold futures and options; gold mining equities, often packaged in gold-oriented mutual funds.
Dec
2
Gold a Good Deal Yet?
Filed Under Investing | Leave a Comment
Carl Lucci
All the hype about the new or next bull market in gold was a calling to the novice “sheepish” investors to the shearing shed. It is so unfortunate that these traders or investors “listen” to the hype but NEVER, EVER hear a word being spoken…
It is never been about what is being spoken at the time something is being “sold to us” but rather what is not being said that causes such great harm to the novice investor. At the time when gold was at it’s all time high $US 1008.00 per oz., everyone and his brother, not to mention their sister, brother-in-law, etc., was out there hooping it up about “gold” rising to the stars and beyond.
All the “gold guru’s” were hyping the airwaves with their sales pitches saying, how “you need to buy gold”, it’s going higher, that when it is adjusted for inflation, the metal’s real value should be over $US 2000.00 per oz., etc. Everywhere you listened and you heard the same ‘ol, same ‘ol story about the metal was being told, by pundit and promoter’s alike. Just one big, big problem!
Gold was topping out and the signs were very evident to the experienced trader/investor. First, the contrarian alerts were sounding a warning signal “loud and clear” to abandon the tired bull and head, with your cash for the side lines or as we did, sold out all positions in the hard asset, numismatic coins included and moved to a cash and began taking positions in “put” options on the and in the following XAU, GLD, ABX, NEM, gold stocks and indices. The result was a nice score, a handsome reward for moving at the right time, and this right time is not as elusive as the “pros”, the “experts” and or “guru’s” would have you believe.
A TELTALE SIGN
As an experienced trader, I watch many indicators and one of my first indications to the coming down turn in gold was that of a contrarian view; too many bulls parading around touting golds new advance to another all time record… bah, humbug!
Next, the coin market was not confirming the move up in gold, i.e., the demand for gold coins was now moving up with the price of the metal. They were like sticks in the mud, churning and churning around the same level $US 1100 – 1200 for a $20 St. Gauden MS 64! Gold was now at an all time high of $US 1008.00 per .oz – Not bad you say? Except this one thing which denoted something was seriously wrong, these coins hadn’t really moved up in value since gold had been at $US 700.00 per oz!
They (the value) was churning away. Heavy holders of the metal were unloading their positions in the metals, while “selling” the hype about the metal to the unsuspecting, investor in the metal.
NEXT SIGN…
The housing market, credit and financial markets were unraveling and losing ground fast, they were in a correction, but the ascertation wasn’t correct, wasn’t being read right because gold (the flight to quality) wasn’t confirming the “chicken little” theory that was being talked (sold) to the novice investor community. Yet the more these investors moved into gold positions, the more it’s “flight to quality” was being sold, the less traction the metal was making…. hmm! Another thing was very curious to us as we started heading for the doors, and that was the difficulty we had in getting a fair price for the numismatic coins (hard assets) we were trying to sell, a great deal of price haggling. Something we had never experienced in all our trading experience – Never!
GOING KNOW WHERE….?
So, where is the metal heading now? Into a long consolidation, it needs to digest it’s losses and traders will need time to re-evaluate the metal for it’s next bullish or bearish move. How I’m playing the metal now? I will be playing the gold markets with options (calls and puts) and options spreads (a safer play) on XAU and the under lying gold and gold mining stocks.
It has always been my experience, as a student of the markets, that after a long and precipitous fall has occurred the market and or security that has experienced the debacle takes three to six months to work off the excesses and or oversold conditions – but don’t look for any announcements that the bulls and or hedgers are playing this market in that way. You’ll only get the information after the fact and the reversal is underway, i.e., you’re missing the next prosperous run!
All the hype about the new or next bull market in gold was a calling to the novice “sheepish” investors to the shearing shed. It is so unfortunate that these traders or investors “listen” to the hype but NEVER, EVER hear a word being spoken…
It is never been about what is being spoken at the time something is being “sold to us” but rather what is not being said that causes such great harm to the novice investor. At the time when gold was at it’s all time high $US 1008.00 per oz., everyone and his brother, not to mention their sister, brother-in-law, etc., was out there hooping it up about “gold” rising to the stars and beyond.
All the “gold guru’s” were hyping the airwaves with their sales pitches saying, how “you need to buy gold”, it’s going higher, that when it is adjusted for inflation, the metal’s real value should be over $US 2000.00 per oz., etc. Everywhere you listened and you heard the same ‘ol, same ‘ol story about the metal was being told, by pundit and promoter’s alike. Just one big, big problem!
Gold was topping out and the signs were very evident to the experienced trader/investor. First, the contrarian alerts were sounding a warning signal “loud and clear” to abandon the tired bull and head, with your cash for the side lines or as we did, sold out all positions in the hard asset, numismatic coins included and moved to a cash and began taking positions in “put” options on the and in the following XAU, GLD, ABX, NEM, gold stocks and indices. The result was a nice score, a handsome reward for moving at the right time, and this right time is not as elusive as the “pros”, the “experts” and or “guru’s” would have you believe.
A TELTALE SIGN
As an experienced trader, I watch many indicators and one of my first indications to the coming down turn in gold was that of a contrarian view; too many bulls parading around touting golds new advance to another all time record… bah, humbug!
Next, the coin market was not confirming the move up in gold, i.e., the demand for gold coins was now moving up with the price of the metal. They were like sticks in the mud, churning and churning around the same level $US 1100 – 1200 for a $20 St. Gauden MS 64! Gold was now at an all time high of $US 1008.00 per .oz – Not bad you say? Except this one thing which denoted something was seriously wrong, these coins hadn’t really moved up in value since gold had been at $US 700.00 per oz!
They (the value) was churning away. Heavy holders of the metal were unloading their positions in the metals, while “selling” the hype about the metal to the unsuspecting, investor in the metal.
NEXT SIGN…
The housing market, credit and financial markets were unraveling and losing ground fast, they were in a correction, but the ascertation wasn’t correct, wasn’t being read right because gold (the flight to quality) wasn’t confirming the “chicken little” theory that was being talked (sold) to the novice investor community. Yet the more these investors moved into gold positions, the more it’s “flight to quality” was being sold, the less traction the metal was making…. hmm! Another thing was very curious to us as we started heading for the doors, and that was the difficulty we had in getting a fair price for the numismatic coins (hard assets) we were trying to sell, a great deal of price haggling. Something we had never experienced in all our trading experience – Never!
GOING KNOW WHERE….?
So, where is the metal heading now? Into a long consolidation, it needs to digest it’s losses and traders will need time to re-evaluate the metal for it’s next bullish or bearish move. How I’m playing the metal now? I will be playing the gold markets with options (calls and puts) and options spreads (a safer play) on XAU and the under lying gold and gold mining stocks.
It has always been my experience, as a student of the markets, that after a long and precipitous fall has occurred the market and or security that has experienced the debacle takes three to six months to work off the excesses and or oversold conditions – but don’t look for any announcements that the bulls and or hedgers are playing this market in that way. You’ll only get the information after the fact and the reversal is underway, i.e., you’re missing the next prosperous run!
Dec
2
Carol King
Coin Price Guides are useful among collectors. In brief, coins are tiny disk shaped metal pieces of currency. Coins come in various categories that are valued as per their face value, currency coins come with an amount printed on them and the printed amount is the price of the coin.
Rare and Historical coins are those that were made centuries before us, these rare coins are very significant in finding out historical information about our ancestors. Historical coins can fetch a very high price in the market; the pricing of the coin is also based on the significance, quality, condition, uniqueness and beauty of the coin.
Gold coins or Silver Coins are mostly bought as an investment; the price of these coins usually depends on the market price. Due to fluctuations in the economy there are no set price guides therefore the price of Gold and silver coins also fluctuates.
Coin Pricing is based on certain criteria’s- * The coin must be made of a valuable metal; and the pricing of this coin will be close to the market price of the metal.
* Coin should be of standardized weight and purity.
* The marking on the coin has to be genuine and marked only by an authorized authority.
* Pricing of the coin also depends on the date printed on the coin, as well as its historical significance.
From time to time coin collectors come across coins that are very difficult to analyze a price, for instance a coin collector may own a very unique coin that cannot be priced due to its unclear marking or worsened condition, on such occasions the pricing of the coin is based on the demand of the coin or how many coin collectors are interested in the piece.
Sometimes a very unique coin will not be as well priced, as a coin that is relatively plentiful in nature and this is simply because the more common coin is in higher demand by the coin collectors. For example there are only 30,000 dimes of the 17th century, where as there are nearly 4,000,000 20th century dimes, yet the 20th century dimes are sold at a higher price than the 17th century dimes, and this is only because the 20th century dimes are more popular among coin collectors.
Generally coin prices keep varying, the general rule in the coin price guide is the rarer the coin the higher the coin value, still there are some exceptions as in this case; a 1913 marked Liberty head Nickel was sold for $1,000,000 as there are only 5 pieces of such coins, where as 1000 year old Chinese coins were sold for not more than $100-$200 as there were a number of these coins available.
Coin grade also influences the coin price guide, coin grade depends on the condition, the better the condition the higher the grade will be and the higher price the coin will fetch. However you should bear in mind that the monetary valuation of a coin is not everything, even if one coin does not have a high market value it does not loose its significance as it can still be very much a part of your collection.
If you are interested in pricing, you can get Coin Price Guides that come in print (soft cover and hardcover) and they are also available online in digital format.
Coin Price Guides are useful among collectors. In brief, coins are tiny disk shaped metal pieces of currency. Coins come in various categories that are valued as per their face value, currency coins come with an amount printed on them and the printed amount is the price of the coin.
Rare and Historical coins are those that were made centuries before us, these rare coins are very significant in finding out historical information about our ancestors. Historical coins can fetch a very high price in the market; the pricing of the coin is also based on the significance, quality, condition, uniqueness and beauty of the coin.
Gold coins or Silver Coins are mostly bought as an investment; the price of these coins usually depends on the market price. Due to fluctuations in the economy there are no set price guides therefore the price of Gold and silver coins also fluctuates.
Coin Pricing is based on certain criteria’s- * The coin must be made of a valuable metal; and the pricing of this coin will be close to the market price of the metal.
* Coin should be of standardized weight and purity.
* The marking on the coin has to be genuine and marked only by an authorized authority.
* Pricing of the coin also depends on the date printed on the coin, as well as its historical significance.
From time to time coin collectors come across coins that are very difficult to analyze a price, for instance a coin collector may own a very unique coin that cannot be priced due to its unclear marking or worsened condition, on such occasions the pricing of the coin is based on the demand of the coin or how many coin collectors are interested in the piece.
Sometimes a very unique coin will not be as well priced, as a coin that is relatively plentiful in nature and this is simply because the more common coin is in higher demand by the coin collectors. For example there are only 30,000 dimes of the 17th century, where as there are nearly 4,000,000 20th century dimes, yet the 20th century dimes are sold at a higher price than the 17th century dimes, and this is only because the 20th century dimes are more popular among coin collectors.
Generally coin prices keep varying, the general rule in the coin price guide is the rarer the coin the higher the coin value, still there are some exceptions as in this case; a 1913 marked Liberty head Nickel was sold for $1,000,000 as there are only 5 pieces of such coins, where as 1000 year old Chinese coins were sold for not more than $100-$200 as there were a number of these coins available.
Coin grade also influences the coin price guide, coin grade depends on the condition, the better the condition the higher the grade will be and the higher price the coin will fetch. However you should bear in mind that the monetary valuation of a coin is not everything, even if one coin does not have a high market value it does not loose its significance as it can still be very much a part of your collection.
If you are interested in pricing, you can get Coin Price Guides that come in print (soft cover and hardcover) and they are also available online in digital format.