Buying Gold

[4plexowner]

“worth investing in Euro Pacific Capital”

Euro Pacific is one of the few US dealers of the Perth Mint Certificate Program (PMCP) – I assume this is the gold that you would be buying from them

I like the PMCP – you get a certificate showing that you hold a certain number of ounces of metal at the Perth Mint – they offer allocated and unallocated storage programs – no storage fee for the unallocated program

Some analysts advise against unallocated programs because there is no specific metal set aside for you (as opposed to an allocated program which sets aside specific bullion coins and bars but you pay for storage) – I think the unallocated program at the Perth Mint is safer than at other depositories because they are a Mint – they are handling bullion everyday as part of their main line of business (Western Australia produces lots of precious metals) and the metal held in their unallocated programs is a minor percentage of their regular bullion trade – I may reconsider the allocated vs unallocated question again as the price of the metals continues to rise

You can get more info on the PMCP here – $10K min to start: http://www.perthmint.com.au/certificateprograms.aspx

[4plexowner]

“worth investing in Euro Pacific Capital”

Euro Pacific is one of the few US dealers of the Perth Mint Certificate Program (PMCP) – I assume this is the gold that you would be buying from them

I like the PMCP – you get a certificate showing that you hold a certain number of ounces of metal at the Perth Mint – they offer allocated and unallocated storage programs – no storage fee for the unallocated program

Some analysts advise against unallocated programs because there is no specific metal set aside for you (as opposed to an allocated program which sets aside specific bullion coins and bars but you pay for storage) – I think the unallocated program at the Perth Mint is safer than at other depositories because they are a Mint – they are handling bullion everyday as part of their main line of business (Western Australia produces lots of precious metals) and the metal held in their unallocated programs is a minor percentage of their regular bullion trade – I may reconsider the allocated vs unallocated question again as the price of the metals continues to rise

You can get more info on the PMCP here – $10K min to start: http://www.perthmint.com.au/certificateprograms.aspx

[4plexowner]

“worth investing in Euro Pacific Capital”

Euro Pacific is one of the few US dealers of the Perth Mint Certificate Program (PMCP) – I assume this is the gold that you would be buying from them

I like the PMCP – you get a certificate showing that you hold a certain number of ounces of metal at the Perth Mint – they offer allocated and unallocated storage programs – no storage fee for the unallocated program

Some analysts advise against unallocated programs because there is no specific metal set aside for you (as opposed to an allocated program which sets aside specific bullion coins and bars but you pay for storage) – I think the unallocated program at the Perth Mint is safer than at other depositories because they are a Mint – they are handling bullion everyday as part of their main line of business (Western Australia produces lots of precious metals) and the metal held in their unallocated programs is a minor percentage of their regular bullion trade – I may reconsider the allocated vs unallocated question again as the price of the metals continues to rise

You can get more info on the PMCP here – $10K min to start: http://www.perthmint.com.au/certificateprograms.aspx

[4plexowner]

“worth investing in Euro Pacific Capital”

Euro Pacific is one of the few US dealers of the Perth Mint Certificate Program (PMCP) – I assume this is the gold that you would be buying from them

I like the PMCP – you get a certificate showing that you hold a certain number of ounces of metal at the Perth Mint – they offer allocated and unallocated storage programs – no storage fee for the unallocated program

Some analysts advise against unallocated programs because there is no specific metal set aside for you (as opposed to an allocated program which sets aside specific bullion coins and bars but you pay for storage) – I think the unallocated program at the Perth Mint is safer than at other depositories because they are a Mint – they are handling bullion everyday as part of their main line of business (Western Australia produces lots of precious metals) and the metal held in their unallocated programs is a minor percentage of their regular bullion trade – I may reconsider the allocated vs unallocated question again as the price of the metals continues to rise

You can get more info on the PMCP here – $10K min to start: http://www.perthmint.com.au/certificateprograms.aspx

[4plexowner]

XAU is the Philadelphia Gold and Silver Sector Index
HUI is the AMEX Gold Bugs Index
GLD is a gold ETF that (supposedly) holds real bullion
SLV is a silver ETF that (supposedly) holds real bullion
CEF is the Central Fund of Canada which (most likely) holds about a 50/50 mix of gold and silver (http://www.centralfund.com/)

GLD and SLV are fine for gaining exposure to the precious metals sector – I trade in and out of them from time to time – I feel safer about CEF and consider it a long term holding – if you open a brokerage account denominated in the Canadian dollar and buy CEF in that account you gain exposure to the precious metals and the Canadian dollar while reducing your exposure to the US dollar

XAU and HUI are indexes so we can’t buy them directly – there are options available on both indexes – Adam Hamilton at Zeal (www.zealllc.com) prefers trading NEM stock (Newmont is one of the major gold producers) as a synthetic option on the HUI index

There is a fair amount of controversy over whether GLD and SLV actually hold the metals they claim – some of their paperwork is vague as to subsidiary entities being allowed to hold bullion futures positions vs actual bullion – “where there’s smoke there’s usually fire” seems like a good attitude to take in this case – use GLD and SLV as trading vehicles (I hold them in my IRA currently along with CEF) but also gain more secure exposure to the precious metals via the Perth Mint Certificate Program or your local coin shop

[4plexowner]

XAU is the Philadelphia Gold and Silver Sector Index
HUI is the AMEX Gold Bugs Index
GLD is a gold ETF that (supposedly) holds real bullion
SLV is a silver ETF that (supposedly) holds real bullion
CEF is the Central Fund of Canada which (most likely) holds about a 50/50 mix of gold and silver (http://www.centralfund.com/)

GLD and SLV are fine for gaining exposure to the precious metals sector – I trade in and out of them from time to time – I feel safer about CEF and consider it a long term holding – if you open a brokerage account denominated in the Canadian dollar and buy CEF in that account you gain exposure to the precious metals and the Canadian dollar while reducing your exposure to the US dollar

XAU and HUI are indexes so we can’t buy them directly – there are options available on both indexes – Adam Hamilton at Zeal (www.zealllc.com) prefers trading NEM stock (Newmont is one of the major gold producers) as a synthetic option on the HUI index

There is a fair amount of controversy over whether GLD and SLV actually hold the metals they claim – some of their paperwork is vague as to subsidiary entities being allowed to hold bullion futures positions vs actual bullion – “where there’s smoke there’s usually fire” seems like a good attitude to take in this case – use GLD and SLV as trading vehicles (I hold them in my IRA currently along with CEF) but also gain more secure exposure to the precious metals via the Perth Mint Certificate Program or your local coin shop

[4plexowner]

XAU is the Philadelphia Gold and Silver Sector Index
HUI is the AMEX Gold Bugs Index
GLD is a gold ETF that (supposedly) holds real bullion
SLV is a silver ETF that (supposedly) holds real bullion
CEF is the Central Fund of Canada which (most likely) holds about a 50/50 mix of gold and silver (http://www.centralfund.com/)

GLD and SLV are fine for gaining exposure to the precious metals sector – I trade in and out of them from time to time – I feel safer about CEF and consider it a long term holding – if you open a brokerage account denominated in the Canadian dollar and buy CEF in that account you gain exposure to the precious metals and the Canadian dollar while reducing your exposure to the US dollar

XAU and HUI are indexes so we can’t buy them directly – there are options available on both indexes – Adam Hamilton at Zeal (www.zealllc.com) prefers trading NEM stock (Newmont is one of the major gold producers) as a synthetic option on the HUI index

There is a fair amount of controversy over whether GLD and SLV actually hold the metals they claim – some of their paperwork is vague as to subsidiary entities being allowed to hold bullion futures positions vs actual bullion – “where there’s smoke there’s usually fire” seems like a good attitude to take in this case – use GLD and SLV as trading vehicles (I hold them in my IRA currently along with CEF) but also gain more secure exposure to the precious metals via the Perth Mint Certificate Program or your local coin shop

[4plexowner]

XAU is the Philadelphia Gold and Silver Sector Index
HUI is the AMEX Gold Bugs Index
GLD is a gold ETF that (supposedly) holds real bullion
SLV is a silver ETF that (supposedly) holds real bullion
CEF is the Central Fund of Canada which (most likely) holds about a 50/50 mix of gold and silver (http://www.centralfund.com/)

GLD and SLV are fine for gaining exposure to the precious metals sector – I trade in and out of them from time to time – I feel safer about CEF and consider it a long term holding – if you open a brokerage account denominated in the Canadian dollar and buy CEF in that account you gain exposure to the precious metals and the Canadian dollar while reducing your exposure to the US dollar

XAU and HUI are indexes so we can’t buy them directly – there are options available on both indexes – Adam Hamilton at Zeal (www.zealllc.com) prefers trading NEM stock (Newmont is one of the major gold producers) as a synthetic option on the HUI index

There is a fair amount of controversy over whether GLD and SLV actually hold the metals they claim – some of their paperwork is vague as to subsidiary entities being allowed to hold bullion futures positions vs actual bullion – “where there’s smoke there’s usually fire” seems like a good attitude to take in this case – use GLD and SLV as trading vehicles (I hold them in my IRA currently along with CEF) but also gain more secure exposure to the precious metals via the Perth Mint Certificate Program or your local coin shop

[mixxalot]

Gold from the US Mint?

Here is the site with American Gold Eagle bullion coins:

http://www.usmint.gov/mint_programs/index.cfm?flash=yes&action=american_eagles

Is this a good way to go to buy gold coins?

Also what is safe way to store gold at home? In a safe?

[mixxalot]

Gold from the US Mint?

Here is the site with American Gold Eagle bullion coins:

http://www.usmint.gov/mint_programs/index.cfm?flash=yes&action=american_eagles

Is this a good way to go to buy gold coins?

Also what is safe way to store gold at home? In a safe?

[mixxalot]

Gold from the US Mint?

Here is the site with American Gold Eagle bullion coins:

http://www.usmint.gov/mint_programs/index.cfm?flash=yes&action=american_eagles

Is this a good way to go to buy gold coins?

Also what is safe way to store gold at home? In a safe?

[mixxalot]

Gold from the US Mint?

Here is the site with American Gold Eagle bullion coins:

http://www.usmint.gov/mint_programs/index.cfm?flash=yes&action=american_eagles

Is this a good way to go to buy gold coins?

Also what is safe way to store gold at home? In a safe?

[4plexowner]

there is no ‘safe’ way to store valuables whether it is in your home or Fort Knox – there are just degrees of safety

I recently read this suggestion which makes sense: “never store more gold at home than you would willingly give up”

the depository programs are needed because it isn’t safe to store valuables in your home – even with the .45 and the 12 ga next to your bed

~

one of the reasons for buying precious metals at this particular juncture is to protect yourself from the continuing debasement of the US dollar (call it inflation if that helps you sleep at night) – with all the financial fraud going on right now (which always happens at the end of a fiat currency’s lifecycle – read your history books) you also need to protect your assets from loss via a failed investment bank, internet brokerage, etc

you have to decide for yourself how much protection you need or want – are you willing to take physical delivery of your stock shares to eliminate the risk of your brokerage going under? do you feel comfortable having your assets inside the US borders or do you want to gain some geographic diversity via gold in a Swiss safe deposit box or gold depository (for example)? lots of options to choose from

Jim Sinclair (www.jsmineset.com) is advising his readers to eliminate all financial intermediaries that stand between them and their assets – he acknowledges that options are limited for 401K plans unless you are willing to take the tax hit (early withdraw penalty plus taxed at current income rate) – Mr Sinclair recommends taking physical possession of Canadian or Swiss Treasury Bills for cash holdings right now

another option for 401K money would be to take a loan against the account and use the money to accomplish whatever financial protection you thought was appropriate – I think you can borrow up to 50% – this way you wouldn’t have the tax penalties and you could gain some protection for your retirement assets – I’m not recommending doing this but it might make sense for some people

[4plexowner]

there is no ‘safe’ way to store valuables whether it is in your home or Fort Knox – there are just degrees of safety

I recently read this suggestion which makes sense: “never store more gold at home than you would willingly give up”

the depository programs are needed because it isn’t safe to store valuables in your home – even with the .45 and the 12 ga next to your bed

~

one of the reasons for buying precious metals at this particular juncture is to protect yourself from the continuing debasement of the US dollar (call it inflation if that helps you sleep at night) – with all the financial fraud going on right now (which always happens at the end of a fiat currency’s lifecycle – read your history books) you also need to protect your assets from loss via a failed investment bank, internet brokerage, etc

you have to decide for yourself how much protection you need or want – are you willing to take physical delivery of your stock shares to eliminate the risk of your brokerage going under? do you feel comfortable having your assets inside the US borders or do you want to gain some geographic diversity via gold in a Swiss safe deposit box or gold depository (for example)? lots of options to choose from

Jim Sinclair (www.jsmineset.com) is advising his readers to eliminate all financial intermediaries that stand between them and their assets – he acknowledges that options are limited for 401K plans unless you are willing to take the tax hit (early withdraw penalty plus taxed at current income rate) – Mr Sinclair recommends taking physical possession of Canadian or Swiss Treasury Bills for cash holdings right now

another option for 401K money would be to take a loan against the account and use the money to accomplish whatever financial protection you thought was appropriate – I think you can borrow up to 50% – this way you wouldn’t have the tax penalties and you could gain some protection for your retirement assets – I’m not recommending doing this but it might make sense for some people

[4plexowner]

there is no ‘safe’ way to store valuables whether it is in your home or Fort Knox – there are just degrees of safety

I recently read this suggestion which makes sense: “never store more gold at home than you would willingly give up”

the depository programs are needed because it isn’t safe to store valuables in your home – even with the .45 and the 12 ga next to your bed

~

one of the reasons for buying precious metals at this particular juncture is to protect yourself from the continuing debasement of the US dollar (call it inflation if that helps you sleep at night) – with all the financial fraud going on right now (which always happens at the end of a fiat currency’s lifecycle – read your history books) you also need to protect your assets from loss via a failed investment bank, internet brokerage, etc

you have to decide for yourself how much protection you need or want – are you willing to take physical delivery of your stock shares to eliminate the risk of your brokerage going under? do you feel comfortable having your assets inside the US borders or do you want to gain some geographic diversity via gold in a Swiss safe deposit box or gold depository (for example)? lots of options to choose from

Jim Sinclair (www.jsmineset.com) is advising his readers to eliminate all financial intermediaries that stand between them and their assets – he acknowledges that options are limited for 401K plans unless you are willing to take the tax hit (early withdraw penalty plus taxed at current income rate) – Mr Sinclair recommends taking physical possession of Canadian or Swiss Treasury Bills for cash holdings right now

another option for 401K money would be to take a loan against the account and use the money to accomplish whatever financial protection you thought was appropriate – I think you can borrow up to 50% – this way you wouldn’t have the tax penalties and you could gain some protection for your retirement assets – I’m not recommending doing this but it might make sense for some people

[Author]

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