When a portfolio is put together it is important to create diversification. This will give your portfolio a good balance of what it needs to be successful. There will be some assets in your portfolio that will have losses and some that will have gains; this will allow your assets to balance each other out off setting any losses. A good way to diversify your portfolio is to make sure you have assets that are different in how they perform. Gold is generally added to portfolios for safety and stability purposes. The reason behind this is that when stocks fall people turn to gold out of … [Read more...]
Housing Market and Consumer Confidence
August 17, 2012 by
The Case –Shiller index shows that property values on homes are continuing to decrease. Since 2003 homes have hit the lowest value we have seen in 20 major cities and there are a lot of homes in the process of foreclosing which will hit the market soon. It may take years before we come out of this housing crisis. Along with the foreclosure problem, we are also facing an increase in unemployment. Currently unemployment is at 8.3%. It is a lot harder to take out a loan due to stricter guidelines creating a decrease in the amount of homes being purchased. These issues are causing … [Read more...]
Is Gold Truly the Choice for Store of Value?
August 17, 2012 by
Gold has been around for more than 5,000 years and has been cherished by many. Individuals, civilizations, and royalty have found a love for gold due to its inherent value and its pristine beauty. Throughout the years many countries have used gold for trading purposes as well as for legal tender. Gold is prominent in jewelry, industry and used often artistically. Gold has and probably always will be a store of value. Look at the US Liberty gold coins as an example, minted as late as 1907 at $20 for almost an ounce of gold and that coin today is worth more than $1,600 on the low … [Read more...]
How Do I Buy Gold Coins?
August 17, 2012 by
Every first big purchase is a scary one, buying your first home, your first car etc. The same emotions surface around buying gold for the first time. The initial thing you want to do when buying gold for the first time is get educated around it, just like you would do when buying a home or car. This makes the process a little easier and smoother. You will want to know what coins are available and how they will best fit your portfolio. Once you understand the coins and have an idea of your goals and objectives, buying gold becomes an easy process. Let me help familiarize you with … [Read more...]
American Gold Eagle
August 17, 2012 by
History behind the Gold American Eagle Coins have been minted in the United States for hundreds of years, and from 1795 to 1933 gold coins were struck and used as money on a daily basis. Gold coins were limited in their quantity; they came in several different series and designs, they vary from as low as $1 dollar all the way up to $20 (face value). President Roosevelt held a confiscation in 1933 and recalled all gold coins from public circulation. Once these coins were collected the Treasury Department melted them. Fort Knox Kentucky holds a huge amount of 400-ounce gold bricks … [Read more...]
Will The Federal Government Face the Same Cash Crisis as California?
August 16, 2012 by
A recent letter from State Controller John Chiang stated that lawmakers in California were stunned when they came to find out recently that tax collections were not moving at the same rate as existing budget amounts, which could possibly cause the state to go broke sometime in the near future. Chiang said, “state receipts were $2.6 billion lower than forecast through December 31st, while expenditures were the same amount or higher.” This is pushing many Californians to seek out the best place to buy silver coins, out of fear for their assets. It brings back memories of the 2009 … [Read more...]
The Majority of Americans Choose Gold
August 16, 2012 by
The latest CNBC All-American Economic Survey shows investors to believe that gold is the “best investment,” better than real estate or stocks. There is a lot of liking towards the shiny yellow metal. Seemingly there are no limits to this metal, from geographic regions, income levels and political parties. According to pollster Jay Campbell of Hart Research who ran the poll survey for CNBC “Gold has taken over perceptions across the public as being a good investment. If not first, gold comes in as a very close second among investors.” The poll indicates that gold is the “best … [Read more...]
The Economy is Prone to Accidents
August 16, 2012 by
An article from the International Monetary Fund recently said that Europe is facing a financial crisis that has started a “dangerous new stage” and has the possibility of paralyzing global economic growth even with the best of circumstances. Things are only looking worse for Europe with warnings of more instability in the near future causing a breakdown in lending, investment and production that would bring forth a brutal recession in Europe, in contrast of what the IMF is expecting which is a mild recession. According to the current World Economic Outlook released by the … [Read more...]
Why are Semi-Numismatic Coins and Silver Coins Favorable to Investors?
August 16, 2012 by
In order to give you a good understanding let me first give you the definition of numismatic. Wikipedia defines it as the study or collection of currency, including coins, tokens, paper money, and related objects. The government would say that numismatic is gold coins having a recognized special value to collectors. When obtaining gold coins for your portfolio the Governments definition is the one to keep in mind. It also directs you to know which coins are subject to confiscation and which ones are not. This brings us to the guiding question of this article. There are people in the coin … [Read more...]
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