Precious Metals Investing

[dchamberss]

What about short selling mining stocks (or any company) as an inverse function of the percentage held by top managment?

[carminecar]

Precious means able to give life in my opinion. Therefore I want something that can feed animals and plants, and that does not corrode and can build impressive infrastructure/aerospace products... Molybdenum, check out my vids.

[berriganjer]

I love this guys enthusiasm

[09SRILANKA]

Having researched silver over the past three years it's quite clearly an excellent longterm investment & is essential for future wealth. Buy some now, it's still as cheap as chips!

[jaiarr]

love the video, very informative. However! You are a little misinformed or underinformed about Numismatic coins! Bullion is awesome but if you want to know something more on Numismatics I would love to tell you!

[WHIREAS]

Why? Why motherfucker? WHY?!?!?

[WHIREAS]

why

[isncoinsmlm]

For the best system to earn free silver visit

"earn free silver eagles" dot com

[09SRILANKA]

Buy silver, cheaper to buy and it's performing better than gold on a % basis.

[madiovich]

hi is apmex a good place to buy silver and gold bars

[TruthOverFacts]

Great vid.

[ShillBasher]

Quality info'. Good on you.

P.S. You sound more Canadian than Californian??!! : )

Physical wins in the long run, etf's only win for the short term

(ie; money in money out trades)

[Alexiscom1]

Would you recommend ETF in 2010? About the Perth mint do you trust the Australian government to buy the certificates ? Very informative video

[MrSilverovergold]

Great advice man, I read lots of books this year and you are spot on! I could have just watched you and skipped the books. I'm investing in silver, all physical, go to SilverOverGold com if you have any interest in acquiring silver under spot price!

[d7gh2u99wd]

yes dont buy numismatic coins just for the metal, u can invest in rare coins but that has got nothing to do with the metal its made of, and in MOST cases investing in stamps and coins is a longterm investment and buy only the precious ones, the ones that will hold the price, coz stamp and coincollectors generations dies out and we get fewer and fewer but the sellers say the opposite

, so all the regular stuff loses value and i have seen it for the last 20 years. good video

[macwalen]

Ok, this video is better.

[namitsu1]

I know gold keeps its value because of the use as wealth and status display, but I'm uncertain about the future of that use. I can't think of many other uses for gold right now and I'm wondering what would be a metal to invest in that's actually going to have and likely keep a use.

[kjakobsen]

Any experiences with bullionvault or goldmoney?

[dak9779]

agree...etfs are very strange. If you purchase the etf at the price, then do they automatically buy more bullion? Because the price is reflective of the spot price, not their own supply.

[40ny]

Good information. Thanks. I would also recommend listening to Robby Noel on Republic Broadcasting Network. He's very informative on many of these topics.

[Feedfront]

what's a bullen bar? (i may spelled that wrong

[creedgaming]

its physical bar of a metal with a grade of quality.

[donnybaker]

@Feedfront

I think you mean 'bullion bar'. It's like a bar of gold or silver.

[billp4]

You can buy numismatic coins on eBay. Buy coins graded by NGC or PCGS from those with high positive feedback. Check the price guides at the PCGS website (pay much less than what they say) and only buy coins that are being auctioned. I figure the guy I beat out was willing to buy the coin for a few bucks less than what I paid for it so the price should be good.

[buzzz1213]

Looks like that guy in the whoopi Goldberg, demi Moore movie "Ghost"

[jimjohngirard]

Get your head out of your butt.

[Alucardthedeadone]

$50,000aud?

[Chrisnoscrub047]

Do you pay lower commission on gold bullion bars or for certificates at the perth mint?

[Jyoyo1]

Precious metals futures contracts?

NO NO NO.

You will lose in that shark pool.

Accept NO paper substitutes nor intermediaries between you and your metal.

Physical gold/silver are good and ethical.

Unredeemable paper money is NOT.

[hackerhater]

what if i got into a time machine and went back to 1934 when they still had gold and silver certificates?

[khalilbr]

good stuff, keep it up

[garydonpowell]

About the only way you can really attain real freedom is to go an start your own country and constitution.

[rlzzxx]

There was an attempt at this in the 90's. The plan was a floating island/country in the carribean. Powers that be shot it down. We are slaves...realize it.

[TheBadass1000]

You are high. Realize it.

[Mongodelight]

THE worst way to hold gold is holding it in the US, canada or mexico.

[ryanertime]

Why

[dontswin]

Currently..March 16,09 there is a shortage of Gold coins available. Prices for just bullion are above the current $923 per OZ. unless of course your gonna buy 100 oz. lots. High quality 'rare' gold coins command much higher premiums and for these days you either get what you want or you hold on! Quality should not overshadow a persons desparation with these type issues. People are hoarding GOLD I hate to mention it..

[dontswin]

You make these huge assumptions that mining companies are way too risky and 'you'll get stuck holding the bag'?

Tell that to the THOUSANDS perhaps MILLIONS of mining company shareholders as well as the MILLIONS upon MILLIONS of shares traded daily of same in the exchanges.

If your thinking set it and forget it then miners are no place for you..dude you don't really know much about metals mining and traders/shareholders.Low risk=low profits;High risk=high or higher profits..etc.etc.

[dontswin]

Alot of junior and sub junior miners are somewhat risky but to say they are going under any day is just ludacrious. I invest in numismatic coins in just a few types: Morgan silver dollars and some Gold coins..you wouldn't want to SELL them to a dealer in desparation of course, you'll be better off selling them on your own. No you don't need to be an 'expert' as he says but you do need some grading knowledge..but it s easy to get ripped off when selling if your not careful. Buy RARE high qualty

[ancientsong]

do you trust or use the perth mint certificate program? it's goverment backed but do you still trust it?

[teewillis1981]

Excellent advise my friend! Thank you! Invest in physical bullion, it's not possible for Gold and Silver ETFs to possess what their numbers say they do. I sold all of my ETFs when I figured that one out.

[thaitanium12]

Try the airport in Dubai you can buy bullion 24 ct gold either Credt Swisse or EK from 5 grammes to 1 kilo a bit expensive at the moment and in my view will get even more so over the coming months.

[Verdenfell]

Thanks for all of that comprehensive informaton.

You're a godsend!

[vinny1010]

Euro Pacific Capital - You only need min $10K for Gold thru Perth Mint

[vinny1010]

NICE!! Because PETER SCHIFF is one of those brokers who deal with Perth Mint ... heard great things :)

[Ganbareg]

THE GOVERMENTS = PIRACY

[christamcclellan]

how would one best convert their money in their IRA( various mutual funds), to precious metals?

[eurohim]

I'm wondering, but do you think it is kosher to haggle the percentage of the markup of the spot price of a precious metal?

[lorax2013]

Absolutely! If you are making a big purchase you shouldn't have to pay the same markup as one or two bullion coins. Like anything else you get better at haggling the transaction the more times you try it.

[Thoeswerethedays]

@lorax2013 Don't forget about 90% pre 64 junk silver coins.

[8582971]

@eurohim what kind of schooling have you takein?

[moniequa]

$300 billion, anyone?

[siggyboss]

Brokers do perform a service by making searching easier and faster - Google is basically a broker. As for investing, precious metals will only preserve purchasing power - they won't make you rich. If gold goes to $10/oz, I promise you food & energy will also make similar rises. As for which precious metals, I suggest the reliables gold & silver.  Bullion Direct is a good broker too.

[blai745]

HI I want to ask when u do buy silver or gold as an investment.. how do u cash them out for money later?

[moniequa]

You just resell it to the seller.

[siggyboss]

In regards to the mining stocks, I disagree and especially if they produce precious metals. These companies are far riskier, but in an inflationary environment they will do more than just preserve your value, but represent wealth which is production. Of course, in extreme circumstances nothing beats taking actual delivery and using some means of defending yourself.

[Ooloosoon]

Love your Videos..BUT..the Perth Mint house of card now seems to be falling down all around us.

I have been reading (from Several sources) that they are just another group of people selling more tickets to the big Silver show than they have seats for.

Same old story, eveybody has a ticket they want to sell the public.

IMHO you much better off to just buy PHYSICAL SILVER and if need be dig a hole in the back yard....at least you KNOW You have it.

Its a planet of Pirates out there

[eurohim]

I can just imagine having a room full of gold bars. hah

[Teller3448]

Seems doubtful that gold will ever be as valuable in buying power as it was in 1980.

Gold does not always retain its buying power over 20 year periods.

There has been a massive trend in selling off gold by central banks over the last twenty years.

[moniequa]

So are you saying we should hold on to our paper money?

[davincij15]

You do not understand money. Money is a store of value and should not go down in value. Dollars go down in value, currently at 12% annually.

Google "Money as Debt"

[DividedLove]

Hey please check out "money masters", "money as debt" let me know what you think, this is very important!!!!!!!

[MentalReserve]

lorax2013 where is the website to buy gold at so i wont buy 2nd hand stuff

[lorax2013]

For bullion coins you can buy at any large coin dealer in the yellow pages. For bullion bars the dealer I mentioned was A-Mark precious metals in Los Angeles. I think they have a web page, but just look up the large bullion distributor in your area who sells to jewelry mfrs.

[flapjack9999]

I think buying Precious Metals Mutual Funds is a good idea. Those investments are usually spread out between various mining companies and types of metals. If it was really risky, where the companies go bankrupt, firms like Vanguard wouldn't be offering it as a fund.

[siszam]

I buy silver rounds and bars from APMEX. They've doubled in value in a relatively short time. Sorry, but I disagree that that is a bad way to buy them. All one has to do is look for the spot price to know what to pay or sell them for.

[evanrmrz1]

are u rich?

[SilverWealth23]

PLEASE HELP! Please give us your advise on this...our daughter is 2 and we have over 5k saved in a mutual fund (FAIRX). Now do you think it would be wise to take that out and buy silver or platinum? Or both? This is for her college fund so I don't want the money at too much of a risk, yet I want it to grow!

We have been buying some silver coins as it has continuted to increase but unsure on what we should do with our daughters money. Please LORAX2013 help with any advise.

Thanks!

[fuzzywzhe]

Don't think of silver and gold as investments, consider them insurance against an event that would make the dollar worthless.

[jackiebaron]

Take the 5 grand and buy an acre of land outside a Chinese city. Buy the time she's 18 she'll be able to buy the university you want her to go to. Use your head!!

[Brandonly23]

PLEASE. land over there is just as much, if not more expensive than it is in the U.S.

[shanghainews]

can't own land in china, that was a studip comment. Sorry.

[moniequa]

China will sell land to you and take it back and you'll lose 5 grand.

[FatBastardPi]

Do you still think that silver is a wise investment given the recent run up in value now at $14.oo Oz

[blacksole7]

Silver is now $20.31 3-3-08

I hope you got in!!!

[FatBastardPi]

YES I DID VERY NICE INVESTMENT

[NSV102A]

If you would had invested in AlCOA you would have made 60% on your money. 08 will be another 40%. How precious it is. Ha Ha

[m0fin0]

Great advice, thanks!

[oilout]

If you recommend buying bullion bars direct and not secondhand; wouldn't you have real problems selling them on? Coins have got to better in this regard.

[lorax2013]

You can resell to the original broker often without an assay fee. Also you can sell to end users who will be melting down the bars before they pay you.

[RichieSmooth]

you look stoned in all your videos

[lorax2013]

I know - I usually make these when I'm already tired. Otherwise I'd be out doing something. It may not be pretty to watch, but hopefully you can learn more from me than an attractive newscaster.

[neilzep]

lol,crooks!

[fuzzywzhe]

I disagree with your opinion that buying coins is a bad idea. Buying, say, kuggerands, is an excellent way to buy gold. Kuggerands came from S. Africa in the apartheid era so are shunned by collectors, they are exactly 1 ounce of gold, and they cost basically the same amount as 1 ounce of gold does.

[lorax2013]

Right, these are bullion coins and are a good idea. Numismatic coins are the rare collector coins with a big markup.

[underaserpentsun]

It's spelled Krugerrand.

[fuzzywzhe]

> It's spelled Krugerrand.

Whatever, and who cares?

I prefer owning St. Gauden's myself but they are hard to get. I buy the S. African junk and trade them up to St. Gaudens.

[underaserpentsun]

I corrected you so that any interested persons new to the bullion market would have the correct spelling. That is all.

[JohnnyOhio]

You are a great teacher on many subjects. Thank you for your work...J.O...peace...

[shirinchaudhry]

fiat money is a smooth form of slavery.

fiat money (paper promises)keeps on loosing value

[princemohsin]

This statement is very true!! I agee :D and I love this statement specially when my family and friends talk abt money

[socialist78]

So then, when they say that the face value of the American Eagle Gold Proof Coin is $50, but worth $600; does that mean you can buy it at $50 and resell it at $600?

[laryon]

Great work

for a validation of this truth.

mind-trek

[HelplessMammal]

What do you think of alternate currencies such as the Liberty dollar?

[AlphaMan614]

I would also recommend "junk silver" to get the best "bang for your buck". that is, pre-1965 90%-silver coins.

[lorax2013]

Good point - that one slipped my mind since it has been 15 yrs since I did it, but yes, for low volume silver that's probably the best way to go.

[mrchekky]

Are you aware of iran selling petrol in euro and not US dollars ? and how thats going to hammer the US dollar, hence the reason to buy gold and silver.

[lorax2013]

Yes, it's an interesting topic and it'll be sad and fascinating to see how this finally develops.

[mrchekky]

How high do you think Gold and silver will go.

[lorax2013]

Since all currency eventually devalues to the cost of paper, a good guess would be 20 tons of dollars to an ounce of gold.

[Raphael618]

lorax you are totally awesome. I love your rationale.

[getbullion]

We are going to link to your video from our getbullion web-site under our resource page. You are very informed. Thank you!