I have done very well of late in Uranium. I have Cameco CCJ is the symbol I believe. With China revving up their need for energy, they are building nuclear power plants which feeds their need for uranium. I think this stock is very safe and they are doing great.
What's not to like about the direction this industry is heading in ?
What's not to like about the direction this industry is heading in ?
I've been pretty successful buying gold the last few years using the seasonal gold chart. There are 2 great buying times: just before September 1st and just before April 1st. I don't know why the price goes up in April but it goes up in September because wholesalers are buying it for the Christian holidays and the Indians use it for dowrys and that is the time of year a lot of Indians get married.
I buy DGP which is a double gold bull. If the price of gold goes up 1%, DGP goes up 2%. The opposite happens as well. If gold goes down 1% DGP goes down 2%. There are also fees taken out since it is a fund but I've made much more than the fees since it is a double fund.
I've probably posted this a dozen times on this board already but here it goes again:
I buy DGP which is a double gold bull. If the price of gold goes up 1%, DGP goes up 2%. The opposite happens as well. If gold goes down 1% DGP goes down 2%. There are also fees taken out since it is a fund but I've made much more than the fees since it is a double fund.
I've probably posted this a dozen times on this board already but here it goes again:
GLTR (Precious Metals Basket)---ETF that holds platinum, palladium, silver and gold. Great mix of metals exposure with this ETF. Platinum and palladium is where the real growth is if you believe in the global auto story, two metals in short supply, not heavily mined to keep up with demand.
what sucks is that 401K plan I have thru where I work they match 5% of what I put in I put in 10% I have like $54000 in there now...been at the company 13 yrs ... it took a hit when the stock market crashed or I think I would have had 75K in there ..
anyway I asked the portfolio guy why cant I buy gold with some of it he got all nasty ...I think they know there stupid stocks are worthless shit
anyway I asked the portfolio guy why cant I buy gold with some of it he got all nasty ...I think they know there stupid stocks are worthless shit
@)
There's a reason why people get nasty like that. I'm guessing part of it had to do with some of his customers pulling their money out and other customers complaining about the performance of their portfolio. Gold has out-performed stocks so this guy is sore that people are investing in gold rather than his choices.
A guy I used to know said that he knew that he was doing the best thing for himself when his banker got mad at him for paying more on his mortgage than necessary.
For your consideration.
Just make sure that they are MS70.
http://www.govmint.com/LP-2009presalesilver-0110.asp
Just make sure that they are MS70.
http://www.govmint.com/LP-2009presalesilver-0110.asp
ask your HR if you are able to do an in-service rollover to an outside IRA...if they allow for that, then roll the money out to an IRA somewhere else. You may have to wait until age 59.5, but some plans allow for it any any time.
Also, there are limits to what you can invest in inside your 401k plan...those investment options are picked by your business owner with the help of the 401k plan advisor. It cost money to add other options to a plan, which emlpoyers hate. Also, some employees would put 100% into gold which could end up buring them at some point, so employers have a responsibility to put prudent investment options in the 401ks they offer.
Probably want to pay the fees and get out of your 401k. Government will likely seize it in the near future.
For my American amigo's I urge you to get out of US dollars asap and transfer into gold/silver or other hard assets. Both gold and silver are going a lot higher and likely will be used to back new currencies.
Utter mad abuse of the US dollar will end in tears...and blood.
90% silver ("junk silver") has the lowest markups.
imo best bet is to buy the lesser known brands in pure .999 (either 1oz coins or 10 oz bars). Markups aren't bad and as long as its .999 you'll get virtually the same price as a well known bar (ie Engelhard/Johnson Matthey) when trying to sell.
A very wise man right here.
I would add look into commodity ETF's. Oil, agriculture, and even base metals.
I purchased 8 Krugerands in 2007 at a cost of around $800 each. The spread and the mark up didn't bother me then and it sure as shit doesn't bother me now.
From what I have read people in the know feel that silver would be the better buy because it is more undervalued and ready for a correction, but I also agree that when the shit does hit the fan the new monetary system will be backed by gold. Just be aware that," Under current federal law, gold bullion can be confiscated by the federal government in times of national crisis." I would classify the collapse of the dollar a national crisis.
It has happened before,http://www.the-privateer.com/1933-gold-confiscation.html
Just my two cents(which in todays dollars is closer to .0001 cents).
Be very careful in buying MS-70 bullion eagles. You'll be paying so much over melt value that you aren't really buying silver anymore, might as well be buying actual collector coinage.
Also there are dozens of companies doing these certifications and grading. All but two are garbage....
PCGS
NGC
sort of like sportsbooks !
bullion doesn't need to be graded/ certified.
Coin silver will always be very readily accepted. The stuff can always be melted and refined to .999 fine very easily in the 21st century if needed that way, it will trade nicely in coin form if we revert to a barter system when the dollar collapses. Storage space is not much different either.
I agree. I should have prefaced this recommendation by saying that this is the other side of the coin, pun intended. Buying bullion is an investment/safe haven while buying numismatic coins is a hobby that you hope will become a good investment in the future. I practice both.
Coin dealers are notoriously shady and not to be trusted in general.
As an example; If you call up a precious metal dealer and inquire about buying bullion they will immediately try to get you to buy numismatic coins instead. They will use the hard sell and tell you whatever they can (some of it true,most of it not) to change your mind. They do this for one reason. They make a lot more money selling you numismatic coins than selling you bullion. Don't fall for this and buy bullion.
Yes, there are a lot of unethical coin dealers.... and Mechanics, contractors, doctors, etc.
If you want to buy silver/ gold bullion, etc. It is not to hard to verify it is legitimate silver, etc. When you start getting into MS-70 modern coins or any real numismatic stuff like say MS-65 Morgan dollars....don't do it blindly, know what you are doing ! I wouldn't mess around with sports cards personally, I don't know that area.
There is somebody looking to rob you at every corner. I'd suggest the 1 ounce American Silver Eagles for those wanting to hold physical silver ( in the US) or 90% silver coins from before 1965, I like the 90% silver coins better, but both will trade easily. Virtually no chance of getting fake 90% silver coins, they exist but are usually of older designs and meant to pass as money like 100 years ago...when a half dollar coin was like a $20 bill today. I never heard of a fake ASE, yet.
If you want to buy silver/ gold bullion, etc. It is not to hard to verify it is legitimate silver, etc. When you start getting into MS-70 modern coins or any real numismatic stuff like say MS-65 Morgan dollars....don't do it blindly, know what you are doing ! I wouldn't mess around with sports cards personally, I don't know that area.
There is somebody looking to rob you at every corner. I'd suggest the 1 ounce American Silver Eagles for those wanting to hold physical silver ( in the US) or 90% silver coins from before 1965, I like the 90% silver coins better, but both will trade easily. Virtually no chance of getting fake 90% silver coins, they exist but are usually of older designs and meant to pass as money like 100 years ago...when a half dollar coin was like a $20 bill today. I never heard of a fake ASE, yet.
