[LegendHasIt]

Any input would be appreciated. Thanks

[allmost]

Steer clear of monex.

[Republican Extremist]

PM coming your way.

[ChetNavVet]

I can only advise that you ensure that you have direct and easy access to any bullion you buy, If you can’t say hello to your bullion every morning - that means it can be confiscated prior to your knowledge. Ther’es lots of reasons not to keep it in your house, but I’d question and distrust any peice of paper, claiming ownership of a peice of commodity, that can be nullified with a single loony left action. That is how distrustfull I am of the comming administration.

[Gorzaloon]

I'll probably be flamed by the gold bugs, but as a person who has to buy precious and base metals for my business (Whether I want to or not), buying during a period of high prices realy does not seem that attractive.

And buying paper that says you own gold is....Paper.

By the time we have seen the gold "investment" ads on the majors networks, it is far too late for outsiders. They are just looking for the last tier of the pyramid to buy high.

There are a lot of real industrial demands for precious metals in applications where there are no reasonable substitutes. But other then the demand for "Safe Havens", when a recession worsens, people buy fewer cars-And that means less demand for platinum and palladium. They buy fewer electronics and jewelry-And that means less demand for gold and silver.

If the metals are being bought for a Doomsday scenario with thoughts of bartering for food, one's money would go further buying and stocking rad-sterilized food in the first place. And ammunition.

Suppose you bought an ounce of gold at today's price of $737.10. Will it be worth $1,000 when you liquidate it? There is at least as good a chance it will be back to 400. Look at the last year's changes in base metals for an example of volatility.

[Aglooka]

I am also interested in transferring some of my saving into metals (gold and silver).

This would be a hedge against severe or hyperinflation (Dollar keeps dropping). My assumption is also that citizens will be “asked” to turn over their coins and bullion as in the 1930s.

My idea is to by gold and silver medallions that are “minted” as collector's items or keepsakes. There are companies that make coin-like items. The Alaska Mint is one. They have a medallion for McCain-Palin.

[hinckley buzzard]

You definitely want to buy the physical metal, not paper surrogates. There is a retail shortage that has hamstrung conventional sales by the treasury etc. This is not a total shortage but a market distortion caused by speculators. Try coin shows where it's cash on the barrelhead, and make gradual purchases to increase your stash. Forget about ETF's they do not have the metal to back up their shares, in violation of SEC regulations (except CEF, I believe, the Canadian metals fund). And do not expect to make a windfall overnight. Precious metals do not follow obvious free market expectations because the actual total market cap is small and can be effectively manipulated by a few large commercial speculators. But, if you go the private purchase route and buy real metal to have and hold, at least you will be invisible to the gubbermint. And that makes it the safest move available.

[jmj3jude]

You should do some research on deflation, which we are in now. And then hyperinflation which we will soon be in. Some investors think Gold and precious medals would do well and some do not. I for one, feel storing real commodities, food, water, supplies needed for the production of food may one day be necessary. The owning of Real food products protect you against hyperinflation. Maybe not an easy task or even realistic, especially trying to store. But these do maintain real value in a depression. Lets face it, Gold does not feed someone in a real depression. Most of us would be without jobs to provide for our families. I for one do not think we are going through a normal business cycle. Especially, if Obama really follows through on his tax plans against business. Small business makes up about 85% of our employment. His tax plan will stop the financial engine, maybe for a long time. You can’t tax and spend your way out of a bad economy! Not to mention pay off your debt that way. Our bonds that we sell to other countries to keep us afloat are soon going to be worth negative growth, who wants to purchase that. They can print all the money they want, but its just paper and it won’t make it more valuable. And it will not get us out of the DEBT!!!

[EBH]

Any of you gold folks aware of this?

Venezuela offers Russians big gold projects

http://www.chinapost.com.tw/business/americas/2008/11/08/182231/Venezuela-offers.htm

[sandmanbr]

www.tulving.com