Well, for those of you who have been anxiously awaiting the latest news on the state of the economy, I thought I had better get busy and get the word out. The news is not great unless you have followed my advice and rearranged your holdings, including stocks and your 401K,, IRA, etc. Most in the know are advising to get into precious metals and I can't disagree there. However, I suggest to stay away from the paper assets and go straight for the real bullion, bars and coins. The safest way to do that is to look up your local coin shops and take cash to purchase 1 oz gold or silver coins or 10 oz bars. Some do not accept checks. Call ahead. But be careful, some of the silver 100 oz bars have been drilled and part of the silver removed.
Shop around if you are in an area with more than one dealer. Prices vary and the premium on some coins is high. These may be one of the few things that will hold their value or, more likely, increase, in the near future when things get even worse, as almost surely will be the case. Don't worry about not gaining interest on your investment. Those days are over. And you will realize much more on the increase in value than you could ever get in interest anyway. I have to say that this is not financial advise, but just what I would do it I were you. For financial advise, seek the services of a financial professional. But beware of the old "buy and hold stock" theorists of old. These are not valid options in the new economy for anyone hoping to get through what looks to be the summer of hell, which is upon us.
So keep coming back to Survival Stew for more information as it comes available but I wanted to get this urgent posting up as soon as possible for those of you who do not have access to alternative sources of information other than the misinformation being spread by the main stream media outlets. So please, take into consideration other sources such as this and visit the SURVIVAL STORE at the top of this page to get invaluable information for this, the world with totally new rules, which calls for a totally new game plan.
Shop around if you are in an area with more than one dealer. Prices vary and the premium on some coins is high. These may be one of the few things that will hold their value or, more likely, increase, in the near future when things get even worse, as almost surely will be the case. Don't worry about not gaining interest on your investment. Those days are over. And you will realize much more on the increase in value than you could ever get in interest anyway. I have to say that this is not financial advise, but just what I would do it I were you. For financial advise, seek the services of a financial professional. But beware of the old "buy and hold stock" theorists of old. These are not valid options in the new economy for anyone hoping to get through what looks to be the summer of hell, which is upon us.
So keep coming back to Survival Stew for more information as it comes available but I wanted to get this urgent posting up as soon as possible for those of you who do not have access to alternative sources of information other than the misinformation being spread by the main stream media outlets. So please, take into consideration other sources such as this and visit the SURVIVAL STORE at the top of this page to get invaluable information for this, the world with totally new rules, which calls for a totally new game plan.
This is a great article! I read in a financial book a few years ago that doing this is good for people that have a hard time saving... My problem is actually saving enough to go buy some. But just wondering, how would you go about re-selling the gold when you need the money?
ReplyDeleteYou just take it back to any coin shop and they will buy it back from you. You can call ahead to get prices. Follow the prices on Kitco.com to get current prices.
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