Don’t Get Ripped Off By Silver and Gold Con Men!

Silver and gold are wise additions to your portfolio. Old timers tell us not to put “all our eggs into one basket.” They advise us to diversify and not to “count our chickens before they hatch.” There is generally no disagreement that precious metals should be a part of your portfolio, however, there is a wide range of opinion on how much your portfolio should consist of and of what form. One analyst/adviser may recommend 10% while another may urge 80% or even higher. In fact there are those who say that your portfolio should consist entirely of gold and/or silver. “How much precious metals should be included in your portfolio?” is an important question but is beyond the scope of this article. Today I am writing to warn prospective precious metals buyers...

Silver American Eagles Hit Record High Sales In January 2013

January of 2013 saw a small growth in the value of silver, around 3.7%. During the same period gold actually dropped by 0.8% but analysts seem to agree that gold will see a steady rise overall. Today silver is at $31.78. You can buy one dollar face value of circulated 90% silver US coins for around $30 including postage. How much you might spend will depend upon where and how you make your purchase as well as your level of knowledge on the subject. But, at the time of this writing I can easily find junk silver coins for that price range even when buying very small quantities at a time. Those who know little about coins and precious metals but who are interested in the idea of collecting are likely to fall victim to the highly over priced “collectable” coins seen in some markets....

American Gold Eagle

The first American Gold Eagle was struck by the U.S. Mint in 1986. The Gold Eagle is minted in 1/10th, 1/4, 1/2 and 1 ounce denominations. The face value of the coins are $5, $25, $50 and $100 respectively. Although the American Gold Eagle is a legal tender coin of the United States it is not circulated nor is it available at face value. At the time of this writing the prices for new coins are around; 1/10th $110, 1/4 $225, 1/2 $450 and 1 ounce $900, but as the gold price rises so do these coins. Just like it is with other coins the American Gold Eagle also appreciates in value because of its collectability. Older dated Gold Eagles often sell at much higher rates. American Gold Eagle When you are considering an investment one of the most important considerations is its liquidity. Liquidity...