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What do you mean, "what do I do"? Just go to a coin shop or online coin/bullion retailer and buy some... there are also several tables at the Tanner shows, where you can buy silver rounds or ingots. There's a show in Loveland this weekend...perhaps try there?Originally Posted by asmo
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Sawin - Feedback thread.
Call some coin shops and get some quotes on American Silver Eagles and 90% dimes / quarters. ASEs are beautiful coins, they might be a good place to start and get the kids/wife involved too.
Research
http://www.apmex.com/newinvestors
Buy
http://www.apmex.com/category/528/silver-coins-90-40-35
As far as whether to do coins or rounds and or Bullion bars, Doesn't the bullion get recorded with the feds? I always heard that rounds or coins were better because they don't get Logged.
Just asking because I'm stupid.
Roger
It's my understanding that only purchases over X amount get reported. The thing about pre-1965 coins is that they can be classified under coin collecting so they can't be taken by the government. Bullion and non-collector coins could be mandated to be given back if the gov't ever needed silver/gold. At least that is my understanding of it.
Maybe this will help. http://goldsilver.com/article/irs-10...ilver-bullion/
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Sawin - Feedback thread.
Thank you all for your advice. I made an investment in some bars.. Lets see how well this thing works.
I don't really want them for their market value. I want them for their trade value if the world takes a shit. Hence I don't care how purty they look or if they have fancy logos and impressions on them. Just raw metal in transferable chunks.
What is my joy if all hands, even the unclean, can reach into it? What is my wisdom, if even the fools can dictate to me? What is my freedom, if all creatures, even the botched and impotent, are my masters? What is my life, if I am but to bow, to agree and to obey?
-- Ayn Rand, Anthem (Chapter 11)
And preferably the same metal all the way through.
Sent via my Mobile Work Avoidance Device
And this today from Egon von Greyerz, who is founder of Matterhorn Asset Management out of Switzerland:
In the meantime, the US stock market is making new all-time highs, also fueled by QE. Stock investors are totally oblivious to what’s happening the real world. This is a dangerous market which will end in tears during 2014. The percentage of bears is the lowest in 23 years, at 15%. And earnings estimates are now going down, while stocks are going continuing to go higher.
Of course the Fed knows, and Yellen knows, that there is no chance of stopping QE. Stock markets would collapse. Bond markets would collapse, and so would the whole economy. The Chicago Fed President Evans just confirmed that QE could be $1.5 trillion next year. In my view QE will be a lot higher thereafter. I believe that in January and February there will be no real solution to the US debt limit, and this will trigger dollar selling and bond markets falling.
In the meantime, the West is offering the East the most priceless gift that anyone can receive by manipulating the paper price of gold lower. This is allowing the East to acquire real physical gold at prices that will never be seen again. And the East is gratefully taking all that is being handed to them.
I agree with your excellent interview with William Kaye. The world is too short-term oriented. Real wealth is created and preserved by waiting patiently for assets to reach their intrinsic value. So the dollar will soon reach its intrinsic value of zero, and gold will reach stratospheric levels that are difficult to imagine today.
http://disciplejourney.com
“Make men large and strong and tyranny will bankrupt itself in making shackles for them.” – Rev. Henry Ward Beecher (1813-1887) US Abolitionist Preacher
CIPCIP
DOW hit 16,000 and the S&P500 hit 1800, NASDAQ isn't too far behind the round number of 4000, this is great all the paper people.
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