[AZjonz]

How are you feeling about Gold and Silver?

To me, with fiat paper money about to take a big dump, it might be wise to buy some more. (I know we are looking at deflation, but that’s a short term symptom and runaway inflation seems to be the longer term impact with the current monetary crisis.) Factor in that the Fed Gov may restrict Gold and Silver to save the paper money, it might be a good investment (pure speculation on my part) as supply will become even more limited.

I've been digging some of your posts on the economy lately so I wanted to hear your take. I'm curious as to what others are thinking on gold and silver. It just seems like it is the only bull left - maybe agriculture but I need to look at that some more.

Disclaimer: Not investment advice, but just a discussion.

[Realist]

I've been looking to buy some bullion coins from the mint lately. I fear it may be too late though. The mint has released their schedule and there is an absence of the gold and silver eagles. It's likely they will still be released, but it makes you wonder.

I think it's generally a good idea to get some physical gold and silver in your possession for the reasons you cite, if nothing else than peace of mind. I have very little, so I was looking just to diversify some.

You can purchase old eagles at various places but you will be paying a good premium over what you can get at the mint.

[AZjonz]

I've been looking to buy some bullion coins from the mint lately. I fear it may be too late though. The mint has released their schedule and there is an absence of the gold and silver eagles. It's likely they will still be released, but it makes you wonder.

I think it's generally a good idea to get some physical gold and silver in your possession for the reasons you cite, if nothing else than peace of mind. I have very little, so I was looking just to diversify some.

You can purchase old eagles at various places but you will be paying a good premium over what you can get at the mint.

Interesting about the schedule. How do you buy from the mint? Should I Google and get the answer or is there a "place" I can go and investigate it?

[SumItUp]

I'm not a gold expert, but I've read and researched enough to be dangerous. Because of this, I'll limit what I say. Hopefully some others can add to the discussion. I know some people that have invested heavily in gold. I have watched their value double over the last four or five years. Personally, I don't like to buy when things are rising in price. Gold could be an exception. Many of the gold "experts" (again, I'm not one) are still bullish even at the current prices. As Realist mentioned, it is good to diversify. If someone is looking for long-term security and value, it would be a good fit for diversification purposes. If you are betting on beating the market and want to double down, be careful. That would be my response for gold or any other bullish opportunity.

In my personal observation, those that have had the most success with investing are diversified with solid long term selections and don't worry about the values daily, weekly or monthly.

[PAmedic]

In my personal observation, those that have had the most success with investing are diversified with solid long term selections and don't worry about the values daily, weekly or monthly.

BINGO

my guy at Morgan Stanley likes to say- "you're in it for 30 years, remember that"

my aggressive stuff is taking a beating. I don't even look at it anymore.

but my balance funds and low risk investments are just ducky right now.

[AZjonz]

I'm not a gold expert, but I've read and researched enough to be dangerous. Because of this, I'll limit what I say. Hopefully some others can add to the discussion. I know some people that have invested heavily in gold. I have watched their value double over the last four or five years. Personally, I don't like to buy when things are rising in price. Gold could be an exception. Many of the gold "experts" (again, I'm not one) are still bullish even at the current prices. As Realist mentioned, it is good to diversify. If someone is looking for long-term security and value, it would be a good fit for diversification purposes. If you are betting on beating the market and want to double down, be careful. That would be my response for gold or any other bullish opportunity.

In my personal observation, those that have had the most success with investing are diversified with solid long term selections and don't worry about the values daily, weekly or monthly.

I’m in the same boat with you on investing for the long-term and not worrying about its value in the short – I wonder if Matthew 6:34 is part of your philosophy here as it is with mine.

My thing with gold and silver goes back to the monetary policy. If the premise is true that we are heading toward hyper-inflation, then gold and silver can carry you through as it will retain its value over fiat paper money. If in an anarchistic world of Mad Max, a gold coin will always buy you food . That’s probably the real reason why I want more Gold and Silver as to protect some wealth from the disaster that is our Federal Reserve/ Federal Government. It also gives stability to investments.

[AZjonz]

I've been looking to buy some bullion coins from the mint lately. I fear it may be too late though. The mint has released their schedule and there is an absence of the gold and silver eagles. It's likely they will still be released, but it makes you wonder.

I think it's generally a good idea to get some physical gold and silver in your possession for the reasons you cite, if nothing else than peace of mind. I have very little, so I was looking just to diversify some.

You can purchase old eagles at various places but you will be paying a good premium over what you can get at the mint.

Looks like I found it. It's the on-line catalog.

[Realist]

I've been looking to buy some bullion coins from the mint lately. I fear it may be too late though. The mint has released their schedule and there is an absence of the gold and silver eagles. It's likely they will still be released, but it makes you wonder.

I think it's generally a good idea to get some physical gold and silver in your possession for the reasons you cite, if nothing else than peace of mind. I have very little, so I was looking just to diversify some.

You can purchase old eagles at various places but you will be paying a good premium over what you can get at the mint.

Looks like I found it. It's the on-line catalog.

Yep, sorry, just logged back on. You'll notice (unless its happened in the last few hours) that there are no gold and silver eagles available. Check the schedule, last time I looked they hadn't posted any as well.

There are other options out there like the South African gold coin and the canadian maple leaf. You can buy in increments of an ounce with those I think. The gold eagles come in 1/10, 1/4, 1/2, and an ounce.

Also gold bars, but I don't know enough about it.


Also a good blog to follow from looking around and tipped me off about the schedule.

http://mintnewsblog.blogspot.com/


I've only got a few weeks knowledge ahead of you as I just started looking as well, so take everything I say as a novice.


I think your premise is correct in looking---there are a lot of other factors that could offset hyperinflation, but it's not a bad thing to diversify and have a little gold and silver in case it does happen.

Edited to include that I think SumitUp has a great point too---prices for gold are historically high right now. Doesn't necessarily mean that still won't go up with what you've talked about, but I'm not going to pour a ton into it. Just enough to put in the safe in case I need it.

[RubberMallet]

i moved a good chunk of my portfolio over to Ishares gold trust and Streettracks gold trust. It's worked for me. I am now slowly moving it out of them month by month as i am buy buy buying right now....

[AZjonz]

I've been looking to buy some bullion coins from the mint lately. I fear it may be too late though. The mint has released their schedule and there is an absence of the gold and silver eagles. It's likely they will still be released, but it makes you wonder.

I think it's generally a good idea to get some physical gold and silver in your possession for the reasons you cite, if nothing else than peace of mind. I have very little, so I was looking just to diversify some.

You can purchase old eagles at various places but you will be paying a good premium over what you can get at the mint.

Looks like I found it. It's the on-line catalog.

Yep, sorry, just logged back on. You'll notice (unless its happened in the last few hours) that there are no gold and silver eagles available. Check the schedule, last time I looked they hadn't posted any as well.

There are other options out there like the South African gold coin and the canadian maple leaf. You can buy in increments of an ounce with those I think. The gold eagles come in 1/10, 1/4, 1/2, and an ounce.

Also gold bars, but I don't know enough about it.


Also a good blog to follow from looking around and tipped me off about the schedule.

http://mintnewsblog.blogspot.com/


I've only got a few weeks knowledge ahead of you as I just started looking as well, so take everything I say as a novice.


I think your premise is correct in looking---there are a lot of other factors that could offset hyperinflation, but it's not a bad thing to diversify and have a little gold and silver in case it does happen.

Edited to include that I think SumitUp has a great point too---prices for gold are historically high right now. Doesn't necessarily mean that still won't go up with what you've talked about, but I'm not going to pour a ton into it. Just enough to put in the safe in case I need it.

Thanks for the link. I’m not sure what I think of the high prices of gold. It seems silver is trading around $12 from a high of $20-$21 9 months ago. There might be something there with that.

[AZjonz]

i moved a good chunk of my portfolio over to Ishares gold trust and Streettracks gold trust. It's worked for me. I am now slowly moving it out of them month by month as i am buy buy buying right now....

Buying stocks? I’ve thought about it, but I keep scaring myself by reading some of economists who think we may hit a 6600 on the Dow by this summer. I’ve taken a position already building a new house so I am gun shy on other “buys” hoping I’m at the bottom. A year from now, I’ll either look really smart or really dumb. I need a crystal ball.

The Gold and Silver is an inflation hedge and a big “F-U” to the crappy monetary system.

[RubberMallet]

i moved a good chunk of my portfolio over to Ishares gold trust and Streettracks gold trust. It's worked for me. I am now slowly moving it out of them month by month as i am buy buy buying right now....

Buying stocks? I’ve thought about it, but I keep scaring myself by reading some of economists who think we may hit a 6600 on the Dow by this summer. I’ve taken a position already building a new house so I am gun shy on other “buys” hoping I’m at the bottom. A year from now, I’ll either look really smart or really dumb. I need a crystal ball.

The Gold and Silver is an inflation hedge and a big “F-U” to the crappy monetary system.

any time right now is a fine time to buy....even if they drop lower (which they may) you are still getting a huge bargain. everything is in the bargain bin.

its like when a store goes out of business....sure that awesome laptop bag marked off 70% could get marked down to 90% but i'd rather take it now before it gets bought or the store closes (prices go back up)

there are still tons of people waiting for the perfect time to buy and when they all start buying at that low prices will hike....and i dont' want to be in the midst of it.

[AZjonz]

I hear ya’. What you have induced seems pretty sound. For me, it’s all about the gut-check. Like I said I’m long on real estate with two houses that I’m in the money.

Cheers to sustainable wealth and filling our coffers.