Lepard opinion of financial crisis

[Lord Xar]

are there any VERY reputable places to actually get pure gold/silver so you can have it in hand? I don't think I 'trust' others supposedily holding my gold/silver. Does anybody have gold/silver in hand OR do you all use places that supposedly have your gold/silver = holding it for you once you purchase it from them?

please advise.

 

[haaaylee]

isn't the swiss franc backed by gold?

 

[llepard]

are there any VERY reputable places to actually get pure gold/silver so you can have it in hand? I don't think I 'trust' others supposedily holding my gold/silver. Does anybody have gold/silver in hand OR do you all use places that supposedly have your gold/silver = holding it for you once you purchase it from them?

please advise.

isn't the swiss franc backed by gold?

(1)The Swiss Franc is not gold backed, but it is well managed. I trust the Swiss not to ruin their currency and I own some.

(2) Possession is 9/10ths. There is a good australian gold trust. Google it. But for my money I like owning the physical. Buy well known coins, American Eagles, Kruggerands, etc. from a reputable dealer. An on line dealer I have used is www.tulving.com . He is in Newport Beach, CA. Trustworthy and fair in my experience. But there are a lot of dealers.

 

[Ozwest]

The Perth Mint offers consolation.

But llepard is correct.

The Swiss are perfectionists of discretion.

 

[Ozwest]

I went local llepard.

Have pity on amateurs.

 

[gilliganscorner]

I went local llepard.

Have pity on amateurs.

? What does local mean, Oz?

 

[Ozwest]

The Perth Mint is within spitting distance.

 

[gilliganscorner]

The Perth Mint is within spitting distance.

Lucky dog. See if you can get any of the Lunar Series Gold 1oz gold coins. Why?

1) I think you can get them for close to the same price as an Eagle/Maple Leaf.
2) They are a limited series and have a good chance of picking up numismatic premiums.

In a shit hits the fan scenario, the numismatic premium will disappear, but if you pick them up at bargain prices, no harm done.

 

[Ozwest]

Lucky dog. See if you can get any of the Lunar Series Gold 1oz gold coins. Why?

1) I think you can get them for close to the same price as an Eagle/Maple Leaf.
2) They are a limited series and have a good chance of picking up numismatic premiums.

In a shit hits the fan scenario, the numismatic premium will disappear, but if you pick them up at bargain prices, no harm done.

They do make beautiful currency, but I am concentrating on weight.

The art market will crash, as all collectibles.

 

[gilliganscorner]

They do make beautiful currency, but I am concentrating on weight.

The art market will crash, as all collectibles.

But the 1oz .9999 pure bullion content in the coin will not crash. If you can pick it up at the same price as an Eagle or a Maple Leaf, why not?

If the art market does not crash, you can always sell them for content + premium. There will never be premium on Maple Leafs/Eagles/Rands etc etc.

 

[LibertyEagle]

(1)The Swiss Franc is not gold backed, but it is well managed. I trust the Swiss not to ruin their currency and I own some.

What's the best way to buy this? Swiss T-Bills, or some other way?

 

[Ozwest]

But the 1oz .9999 pure bullion content in the coin will not crash. If you can pick it up at the same price as an Eagle or a Maple Leaf, why not?

If the art market does not crash, you can always sell them for content + premium. There will never be premium on Maple Leafs/Eagles/Rands etc etc.

I agree, but after listening to llepards comments, I realize that my investment is too public, although seemingly secure.

Time to buy a safe.

 

[llepard]

What's the best way to buy this? Swiss T-Bills, or some other way?

In a swiss bank or broker. I use www.swissquote.ch

There is also a Swiss Franc ETF, run by currency shares. FXF. However, in a total US financial collapse the sponsor of this ETF could go bankrupt. So I rate this behind owning the currency in Switzerland.

Also, if you put more than $10K in Switzerland be sure to file the form with the Feds. Not doing so is a felony and is punishable by up to 5 years in prison.

LWL

 

[Ozwest]

But the 1oz .9999 pure bullion content in the coin will not crash. If you can pick it up at the same price as an Eagle or a Maple Leaf, why not?

If the art market does not crash, you can always sell them for content + premium. There will never be premium on Maple Leafs/Eagles/Rands etc etc.

Bars, for me.

 

[LibertyEagle]

Thanks llepard. I thought Switzerland stopped accepting any new accounts from Americans?

 

[Anti Federalist]

Worthless fiat currency bump

 

[sirachman]

I only have 1-2 thousand dollars at the moment what should I buy if anything to help save what i have?... Gold? Silver? How much of each?
I also am completely clueless on what types of gold are good to buy or from where. I have heard 90% silver coins are a good deal but i really have no clue. Hopefully someone could either give me some good direction and advice on what to do or point me in the direction of a really good resource that i can find what i need with. THANKS

 

[pennycat]

I only have 1-2 thousand dollars at the moment what should I buy if anything to help save what i have?... Gold? Silver? How much of each?
I also am completely clueless on what types of gold are good to buy or from where. I have heard 90% silver coins are a good deal but i really have no clue. Hopefully someone could either give me some good direction and advice on what to do or point me in the direction of a really good resource that i can find what i need with. THANKS

I would suggest just stockpiling food/necessity type products. Reason? If inflation is coming and I think it is, things you need will become more expensive. As your horded items appreciate in value you won't be taxed on their appreciation.

I got turned onto this concept through an old book called Alpha Omega Strategy. Author claims you should only invest in gold and silver AFTER you have a good store of goods.

 

[lisajames96]

I would suggest just stockpiling food/necessity type products. Reason? If inflation is coming and I think it is, things you need will become more expensive. As your horded items appreciate in value you won't be taxed on their appreciation.

I got turned onto this concept through an old book called Alpha Omega Strategy. Author claims you should only invest in gold and silver AFTER you have a good store of goods.

would that be John Pugsley of investment rarities? I still have that book. I just so happen to have read it a couple of months prior to finding out about Ron Paul...went back and read it again afterwards...stockpiling didn't seem like a good idea to me 2 years ago, but I understand the connection now for my husband and my, "poor man's" inflation proof "investment".

Oh and right you were llepard, sadly.

 

[pennycat]

would that be John Pugsley of investment rarities? I still have that book. I just so happen to have read it a couple of months prior to finding out about Ron Paul...went back and read it again afterwards...stockpiling didn't seem like a good idea to me 2 years ago, but I understand the connection now for my husband and my, "poor man's" inflation proof "investment".

Oh and right you were llepard, sadly.

Bonus points for knowing the author! I still have my copy too. Time for a reprint?