Post by tombldr on Dec 28, 2005 15:40:46 GMT -5
Some of you may have noticed the precious metals percolating in the MSM given their recent breakouts to multi-decade highs. And you may be interested in buying some metals, given what many of us agree is coming. Further, I believe in the months and years ahead, today's PM prices will be considered cheap. For gold to go to $3000/oz, it must first exceed $500, then $550, then $600... you get the idea. The big move in the PMs has begun in earnest.
I've been into PMs for awhile, as a store of value when TSHTF, dollar collapses, housing bubble pops, or whatever happens when TPTB are successful in destroying the economies of the West to clear the way for their big NWO plans.
Everyone should have some hands-on physical silver and/or gold. Silver will prolly rise in value farther & faster than gold, and you can buy/spend it in smaller denominations. But it's bulky relative to its value, not as conducive to hiding or locking up at home or in a bank box. That's gold's value, as is the case with Pd and Pt.
Dealers I'm aware of with the best prices (the premium they charge above the PM's current spot price for shipping and profit), and excellent reputations, are Tulving and Apmex.
The lowest margin dealers generally have higher minimum orders, IE in the low-mid 4-figures. If you have a few tens or hundreds to put into metals, you may need to go to a local coin shop (see your yellow pages), and also Ebay has a robust trade in bullion coins.
There's a PM-bug cabal who swears, "if you don't HAVE IT, you don't OWN IT" (a slam on "paper gold", "pool accounts" etc and the probability of fraud therein after TSHTF).
I definately believe in having some hands-on physical.
But every means of PM "ownership" has risk, including physical, namely that of gunpoint robbery, or even by the government in the form of "confiscation" ala under FDR in 1933.
Some of the "paper gold" avenues are:
Stocks which directly track the price of gold, 1:10 ratio:
IAU, GLD.
A gold-denominated savings account:
GoldMoney
A gold/silver "pool account":
Kitco, Perth Mint.
If you want to play the PMs and bring serious leverage to bear (IE, 1:20 ratio, IE a 5% move in the metal equals a 100% profit); you'd want to look at playing the futures markets. Playing with fire there though, obviously. Futures contracts are "paper", but they're paper contracts which entitle you to take delivery of the physical metal during the contract-specified delivery month. ~98% of those who speculate in the futures markets never take, or intend to take, delivery. They're just gambling, seeking to grab a piece of the short and long term spot price moves of the underlying commodity. I'm not going to take delivery of 1000 barrels of crude oil, for instance. But you do have that option of taking physical delivery, as a futures contract owner.
Good sites for PM, energy, general economy news:
www.financialsense.com
www.safehaven.com
www.goldseek.com
www.kitco.com
Good PM BBS, great place to ask questions, get answers, and muse about events:
www.goldismoney.info
I've been into PMs for awhile, as a store of value when TSHTF, dollar collapses, housing bubble pops, or whatever happens when TPTB are successful in destroying the economies of the West to clear the way for their big NWO plans.
Everyone should have some hands-on physical silver and/or gold. Silver will prolly rise in value farther & faster than gold, and you can buy/spend it in smaller denominations. But it's bulky relative to its value, not as conducive to hiding or locking up at home or in a bank box. That's gold's value, as is the case with Pd and Pt.
Dealers I'm aware of with the best prices (the premium they charge above the PM's current spot price for shipping and profit), and excellent reputations, are Tulving and Apmex.
The lowest margin dealers generally have higher minimum orders, IE in the low-mid 4-figures. If you have a few tens or hundreds to put into metals, you may need to go to a local coin shop (see your yellow pages), and also Ebay has a robust trade in bullion coins.
There's a PM-bug cabal who swears, "if you don't HAVE IT, you don't OWN IT" (a slam on "paper gold", "pool accounts" etc and the probability of fraud therein after TSHTF).
I definately believe in having some hands-on physical.
But every means of PM "ownership" has risk, including physical, namely that of gunpoint robbery, or even by the government in the form of "confiscation" ala under FDR in 1933.
Some of the "paper gold" avenues are:
Stocks which directly track the price of gold, 1:10 ratio:
IAU, GLD.
A gold-denominated savings account:
GoldMoney
A gold/silver "pool account":
Kitco, Perth Mint.
If you want to play the PMs and bring serious leverage to bear (IE, 1:20 ratio, IE a 5% move in the metal equals a 100% profit); you'd want to look at playing the futures markets. Playing with fire there though, obviously. Futures contracts are "paper", but they're paper contracts which entitle you to take delivery of the physical metal during the contract-specified delivery month. ~98% of those who speculate in the futures markets never take, or intend to take, delivery. They're just gambling, seeking to grab a piece of the short and long term spot price moves of the underlying commodity. I'm not going to take delivery of 1000 barrels of crude oil, for instance. But you do have that option of taking physical delivery, as a futures contract owner.
Good sites for PM, energy, general economy news:
www.financialsense.com
www.safehaven.com
www.goldseek.com
www.kitco.com
Good PM BBS, great place to ask questions, get answers, and muse about events:
www.goldismoney.info