gold buying advice: if i am spending $100 or less..

jd603 said:
also, DGP will give you double the return of gold. (or double the loss if it goes down)

KGC, AUY, AU , some good gold mining stocks, doing very well. KGC is up 32% since last week.

Now, with its recent run-up, don't cry if you buy some of these and lose money to start, nothing goes straight up but given what the fed is planning, its a good bet they are going up.


..and yes, you don't want all paper. I've moved to 50% physical gold/silver, 50% market investments.

If you don't have thousands to invest, SILVER is probably your best bet, or a mix of gold/silver if you have enough $.

I personally avoid junk silver now, I buy silver eagles or silver maples, both in short supply at the moment though.


I've been buying physical stuff from Ken Murphy at bostonbullion.com , haven't had an issue yet. If you call him , tell him James sent you.
Click to expand...

I'm a total newb at this. What is junk silver? If I'm buying bars or rounds of .999 pure silver, that's not junk - is it?
 
Does anyone know any good IRAs that have gold/silver options? I have a bunch of money in a 401k, which I transferred into money market/bonds last year. So far, I haven't really made or lost any money. I want to roll it over into something gold based though, as my 401k doesn't offer that option.
 
socialize_me said:
idiom...I have physical silver and it's very illiquid. You have to literally go on eBay and wait before you can exchange for liquid cash. ETF's are great because, albeit in a fractional-reserve sense, they are easily transferable and extremely liquid. You can sell out of your ETF to pick up a position in a stock or bond, or quite possibly switch out and buy some Commodity Futures. Really the only time you would want physical gold/silver is when the Dollar collapses, and that won't be for a while yet. Just wait until the auto industry gets their stimulus checks---all of these things will shoot up ETF valuations...play the market a bit if you're in it by investing into these ETF's. Don't buy Treasuries or even invest in other currencies; buy the commodities or at the very least the ETF's of those commodities (SLV, GLD, USO, or DBA). Take advantage of the 10% one-day climbs.
Click to expand...

All I have to do to convert bullion to frns is to go down to the local coin shop and buys a couple of cents below spot. If you told hold it you don't own it. Right now is no time for somebody with $100 to even think about playing in the paper markets.
 
ShowMeLiberty said:
I'm a total newb at this. What is junk silver? If I'm buying bars or rounds of .999 pure silver, that's not junk - is it?
Click to expand...

Junk Silver is the term given to 1964 and earlier US coins that are 90% silver but have no significant collectors value. They are generally your best value for the low end investor and are easy to sell in a hurry. I'd gladly give $1 for any pre-1964 dime you might have and so would many other people.

You can see the current melt values at coinflation.com and if you scout ebay for lots of old dimes and quarters sometimes you can score a deal below melt value.

eb
 
Razmear said:
Junk Silver is the term given to 1964 and earlier US coins that are 90% silver but have no significant collectors value. They are generally your best value for the low end investor and are easy to sell in a hurry. I'd gladly give $1 for any pre-1964 dime you might have and so would many other people.

You can see the current melt values at coinflation.com and if you scout ebay for lots of old dimes and quarters sometimes you can score a deal below melt value.

eb
Click to expand...

Cool - thank you!!
 
Burt Blumert's Camino Coin. they have the best price on junk (junk coin means non-collector coin)

http://caminocompany.com/aboutus.htm

When Burt Blumert founded Camino Coin Company he continued to be a major force in our market, by creating the TeleType network, one of the first technologically driven market guides.

During the 90’s, Burt worked extensively with Ron Paul, including the famous “Ron Paul Survival Kits”. Burt’s belief, still that of Camino Company, of the free market and honest hard money, are some of the many reasons that Camino is able to provide safe, secure, and private transactions to our customers.
 
You can get 1/10 oz Gold Eagle bullion coins for about $120 - same for a Gold Maple Coin. They also have 1/20 oz Maple coins for around $70.

It's probably safer to go to a local coin and bullion shop than to buy these things on ebay - at least I would. Just check the rates first on the internet to make sure prices are accurate.
 
billjarrett said:
Does anyone know any good IRAs that have gold/silver options? I have a bunch of money in a 401k, which I transferred into money market/bonds last year. So far, I haven't really made or lost any money. I want to roll it over into something gold based though, as my 401k doesn't offer that option.
Click to expand...

You can buy anything through an IRA, doesn't matter where you open the account at. IRA is just an account.
 
socialize_me said:
idiom...I have physical silver and it's very illiquid. You have to literally go on eBay and wait before you can exchange for liquid cash. ETF's are great because, albeit in a fractional-reserve sense, they are easily transferable and extremely liquid. You can sell out of your ETF to pick up a position in a stock or bond, or quite possibly switch out and buy some Commodity Futures. Really the only time you would want physical gold/silver is when the Dollar collapses, and that won't be for a while yet. Just wait until the auto industry gets their stimulus checks---all of these things will shoot up ETF valuations...play the market a bit if you're in it by investing into these ETF's. Don't buy Treasuries or even invest in other currencies; buy the commodities or at the very least the ETF's of those commodities (SLV, GLD, USO, or DBA). Take advantage of the 10% one-day climbs.
Click to expand...

Yes, there are benefits to trading in paper. But hopefully you'll never see the day when you wish your money was solid/frozen/illiquid.
 
socialize_me said:
Yep, if you are in the market right now, I suggest putting some into SLV or USO (Commodity ETF's for silver and oil respectively).
Click to expand...


Not a big deal, but just realize that USO is NOT an ETF. It's an exchange traded partnership (ETP). Because of this, you will receive as your tax document a K2 form and NOT a 1099.
 
ultimaonliner said:
Not a big deal, but just realize that USO is NOT an ETF. It's an exchange traded partnership (ETP). Because of this, you will receive as your tax document a K2 form and NOT a 1099.
Click to expand...

hence the benefit of owning untraceable metals ;)
 
Screw ebay take your money to a casino and play craps.

bet the Pass line, play all the hard ways and play the field when your on fire.

dont drink.
 
You must log in or register to reply here.

Similar threads

PAF
  • Featured
Another Reason to Ban Tik-Tok?
2
Replies
22
Views
937
jmdrake
jmdrake
PAF
China Hysteria: Manufactured Threat or Inevitable Rival?
2
Replies
27
Views
352
Swordsmyth
Swordsmyth
PAF
Tax Cuts without Spending Cuts Won’t Reduce the Taxpayers’ Burden
Replies
4
Views
1K
TheTexan
TheTexan
PAF
A Walk on the Supply Side
Replies
2
Views
1K
CaptUSA
CaptUSA
PAF
The US-EU Trade “Deal” is Nothing to Celebrate
Replies
2
Views
111
acptulsa
acptulsa
Back
Top