[havasu1]

Ok, not that I'm a baller or anything, but I have been looking into buying gold due to the impending inflation that's probably going to hit. And man.........we are all in the wrong business. The few companies I have looked at charge some pretty hefty premiums. From my limited research, these buys want 10% premium for gold and gold coins up to 25% for non-recallable collector gold coins. Pre-1935 coins or something to that effect. My question is, can't you go direct to the US mint? Or something like that. How do you know this stuff is what they say it is. Any input or recommendations?

 

[The Doctor]

There's a thousand ways to skin a cat but I prefer to stock up with food, firearms and ammunition. They'll be way more valuable in the very near future than bling.

 

[phebus]

I prefer to investment in entertainment. May not die rich, but oh the memories............hand

 

[sintax]

I buy the gold and have it molded into teeth, that way my gold is always with me.

On a serious note, i do have some gold coins. I bought them days back, and mostly just cause i thought they were cool. They are the American Eagle coins. I mostly focus my efforts onto guns and ammo these days...

 

[Buoy]

Watch this.

http://biggeekdaddy.com/humorpages/Humor/CashforGold.html

 

[CoolCruzinCobra]

There's a thousand ways to skin a cat but I prefer to stock up with food, firearms and ammunition. They'll be way more valuable in the very near future than bling.

The doc's got it right ,food arms and ammo

 

[ukxpat]

There's a thousand ways to skin a cat but I prefer to stock up with food, firearms and ammunition. They'll be way more valuable in the very near future than bling.

and another vote the for the Doc!

 

[Cdog]

There's a thousand ways to skin a cat but I prefer to stock up with food, firearms and ammunition. They'll be way more valuable in the very near future than bling.

)THumbsUp

Can't eat gold.

 

[hotkona]

BUY NOW!!!! The prices are about the highest its been in years!!
You worry too much dude. Go out in your boat and relax.

 

[Uncle Dave]

Ok, not that I'm a baller or anything, but I have been looking into buying gold due to the impending inflation that's probably going to hit. And man.........we are all in the wrong business. The few companies I have looked at charge some pretty hefty premiums. From my limited research, these buys want 10% premium for gold and gold coins up to 25% for non-recallable collector gold coins. Pre-1935 coins or something to that effect. My question is, can't you go direct to the US mint? Or something like that. How do you know this stuff is what they say it is. Any input or recommendations?

Yes,

Im am diversified in a range of precious metals. and have invested in them for some time.

Monex.com is a very reputable metals house that is excellent and has a variety of staple gold and silver product and publishes it prices it will buy and sell at every day.

The current gold coins are the best way to invest in gold- simple straightforward easy.

Bullion is for dudes that dont care about liquidity as much, but need denser "money packaging". Problem with some bullion can be that some insist on a numismatist to certify. so if you go that route you go with a big name like Johnsen Matthey or a known big entity.

Silvers a good affordable hedge that hold your wealth well and with smaller amounts instant liquidity isnt as important.

platinum is interesting as well


Good luck

Uncle Dave



Uncle Dave

 

[Uncle Dave]

Oh yeah-

I bought my coins right after 9/11 before the whole "war on terror"

check out how my investment fared.

http://monex.com/prods/gold_vienna_chart.html

The simple coins outperformed the majority of my stock.

Guns, ammo, food - shame on anyone that doesnt have a lot of these around anyway.


UD

 

[ukxpat]

I think that primers are more expensive than gold at the current time :|err

 

[MikeVG]

I prefer to investment in entertainment. May not die rich, but oh the memories............hand

Phebus, you are my new idol!!!

 

[havasu1]

Got the guns, ammo and well stocked on beer. Hmmmmmmmm maybe I should buy some food and keep it stocked as well. I pulled my money out of the stock market (401k and savings) and stuck it into old fashion low interes money markets a few years back. Thank god. I have invested some with a friend that does his own first loans to people. He was a Mortgage Broker for 35 years. Won't go higher than 25% loan to vallue. 5 year interest only loans that get between 10 to 12% backed by the property with heafty late fees. Works pretty well. You would not believe how many people that own their homes cannot get loans. I was just looking at an inflation headge. Yeah, gold is at record highs. Inflation is realitively low for now but what is coming down the road ?????. I just think with all thiis money priinting Obama is doing, coupled with the run away deficit, the dollor has got no where ot go but down. Just like the 70's and Jimmy Carter all over again. Anyway, once (if) I buy the gold, I will not need to tap into it for 20 years or so. I was just wonding if there is a way to cut out the middle man.

 

[Mandelon]

Cut out the middle man, and go straight to the source!

 

[Uncle Dave]

Got the guns, ammo and well stocked on beer. Hmmmmmmmm maybe I should buy some food and keep it stocked as well. I pulled my money out of the stock market (401k and savings) and stuck it into old fashion low interes money markets a few years back. Thank god. I have invested some with a friend that does his own first loans to people. He was a Mortgage Broker for 35 years. Won't go higher than 25% loan to vallue. 5 year interest only loans that get between 10 to 12% backed by the property with heafty late fees. Works pretty well. You would not believe how many people that own their homes cannot get loans. I was just looking at an inflation headge. Yeah, gold is at record highs. Inflation is realitively low for now but what is coming down the road ?????. I just think with all thiis money priinting Obama is doing, coupled with the run away deficit, the dollor has got no where ot go but down. Just like the 70's and Jimmy Carter all over again. Anyway, once (if) I buy the gold, I will not need to tap into it for 20 years or so. I was just wonding if there is a way to cut out the middle man.

Monex is about as close as you can get to cutting out the middle man.
There are a couple of place like it, but I have good experience with them and feel comfortable recommending.

Yeah I pulled 3/4 of my stocks 2 years ago and converted to low interest accounts and moved my whole 401K into money market 1.5 years ago. I felt it coming........

- I'm lucky my strategies payed off and it sounds like yours did as well.

Other than panning for it yourself like the pict above you've got limited options.

UD