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THE ART OF BUYING OR SELLING GOLD

BUYING GOLD/SILVER, GOLD AND MONEY, GOLD OR SILVER BUBBLE, SELLING GOLD/SILVER   No comments yet

Precious metal is a well kept secret. Folks who own physical gold, or silver, seldom advertise their wise discretion. Few blab across social networking and less openly discuss the nuts and bolts of buying PM (precious metal). In most cases this leaves you, the novice, searching for the right metal offered at a fair price. It’s hard for me to put an exact percentage on how many newbies pay far beyond necessary but I will estimate more than half do, or receive less, than the metal recommended here at TPS (The Prospector Site).

FACT #1: Not all Gold is good

It is a misnomer that gold is always a good investment (paper gold can be the worst choice for wealth storage in many cases). Anything other than physical PM carries far too much risk considering our age of fiat correction and financial insecurity. For this reason alone paper PM is not worthy of today’s discussion or space.

Retail gold, like jewelry, is a blend of artistic effort and precious metal. An established value is always subjective but, nevertheless, still a store of value better than most of today’s “typical” investments. In times of economic despair jewelry returns to a value measured in melt worth. This is why I recommend new bullion, rounds or bars over jewelry.

All physical PM buyers pay a fee over and above the intrinsic value of a gold bar, round, nugget, bullion, etc. This “premium” is what makes those selling PM wealthy but offers no real value to you as the buyer. The older (or rarer) the gold hunk the higher the premium, very simple. In return…….. new bullion, rounds, and bars offer the lowest premium.

Most folks buying gold in 2013 are not collectors or speculators. They, gold owners that is, view the echos of economic recovery as back-ground noise and realize we very well could be facing the end of a great fiat currency experiment. For this reason alone all should own physical silver or gold.

I recommend due diligence before buying your first gram of gold. Old coins are cool but best saved for the experienced PM buyer. Proof coins are flashy but also best saved for those solidly vested in raw precious metal beforehand. Think low-premium PM offerings that are easy to store, insure, and someday sell or trade.

FACT #2: Not all PM advice is good

This site doesn’t sell silver or gold but I would love to know how many precious-metal peddlers hear, “I understand gold is a good investment. What do you recommend?” At such time the art of buying or selling PM is in the hands of a stranger who could be more profit inclined than making sure you receive the best bang for your buck.

I hear so many nightmare stories of good gold intentions going bad. These tales always include trust, deceit, disillusion, distaste, and eventually embarrassment. At the end of the day far too many pay far more than necessary, for PM, because they fail to arm themselves with education.

There is no reason to fall prey to the PM distrustful, not in the internet age. Your education should not come by way of solicitation. Hard asset sellers are always well rehearsed with trigger words and phrases. These trigger phrases stir emotion and prompt protection but have no place for those implementing a controlled PM plan.

The best source for education and advice always comes from the unbiased.

FACT #3: You will someday sell

I have a close friend that has owned physical silver for years. He has no plans to ever sell regardless the value, regardless the offering. What he doesn’t realize is that someday he or someone sharing his last name will sell, or trade, his buckets of silver. It could be for profit, it could be for freedom, or it could be to feed the family, who knows…… but it will trade hands someday.

I personally will not buy silver or gold that I can’t easily track real-time value. Sure owning a coin that spent hundreds of years lost at sea is cool but how does the average Joe know its true value. After all, the only guarantee we have is a fluctuating melt value, right? For this reason I recommend asking two questions before committing to buy; how much are you asking and how much you will pay me to buy it back.

The difference between the two prices is very important. As of August 25th, 2013, a one-ounce gold bullion will run a buyer around $1475. The same bullion, less the premium, will sell around $1390-$1400ish. A second-hand market will bring a few more dollars. By the way, some PM buybacks require a dealer or broker to notify the IRS, some won’t. Do you know the difference?

But our faith in PM has less to do with dollars with each passing deficit day. Gold’s true value is its exchange value. For instance, I pay less attention to what gold trades in dollars compared to how many ounces of gold it takes to buy an average home in my neck of the woods or a sandy retreat countries away. This exchange value is the future gauge of your net worth. Dollar value is relevant now but this could change quickly.

QUESTION: Thanks for answering my questions, DC. Yes, it’ll be scary if the governments get creative and do something like Operation Rize. Can’t agree more about diversification. As for the insurance, I think I’ll ask a jewelry store nearby first.

And what do you think is likely to happen in the future? Will we have a repetition of what happened in 1980, where PM prices skyrocketed and retraced later? But considering the world’s current level of debt, can the central banks raise the interest rates like they did back then? Or will we have hyperinflation? But are the central banks so stupid to allow that to happen? Will we stick to PMs forever, or will we have to switch to other assets someday?

Looking forward to your reply and thank you very much.

TPS Reply: You’re welcome, thanks for asking great questions. What happened to PMs in 1979-80 was amazing but only a small sample of our future. So many things have changed on a global level that will affect us all on some capacity. Some will prosper but most will fall victim to an existence that only existed because of a debt-based lifestyle.  I have great concern for those not PM protected.

TPS often hears from readers who boast over their debt-free lifestyle. This is great, and recommended, but the truth is all will fill the pain of worldwide default as it becomes painfully obvious trillion $ obligations can never be repaid. This mess is what happens when we live in a society consumed by the here and now. Our commerce world has consumed the minds and energy of far too many.

You’re right; central banks will send all major currencies into a level of inflation unimaginable. I’m not sure if hyperinflation is the correct term but, nevertheless, it will not be kind to those attempting to live on a fixed pension or income. Most victims will view these days of economic correction (disaster) as “depressed” not realizing such a time is nothing more than another example of what happens when a fiat currency is overproduced. Silver and gold will account accordingly.

A dangerous trio has hijacked America’s future. The FED (central bank), Wall Street and politicians now control our economy. Washington DC proper now boasts an economic boom while the rest of America suffers from a myriad of challenges including, but not limited to, low-paying jobs, rising cost of living, financial tension, etc.

The world’s central banks circle the wagons in order to save our fragile banking system but not willing admit this effort is futile, destructive, and unfair. Anyone relying on a currency, not real money or hard assets, will, too, soon realize wealth stored in paper is growing worthless. Such an era will bode well for those holding physical silver/gold and my prediction is this run will not end anytime soon.

Although, we will reach a point when other assets will become so affordable, in terms of gold/silver, that the temptation to barter will flush wealth out of PMs and back to traditional assets (like real estate, stocks, etc). I don’t see a PM bubble anytime soon, nor do I see anyone holding PM in a hurry to trade. Thanks for the great questions and comment.

QUESTION:  Have you noticed the national debt clock? This is only possible because of our digital non-existent currency age.

TPS Reply:  Yep, it keeps rising, right? This is what happens when a government grows beyond its tax base. My recommendation is to keep stacking silver and gold until it stops.

Our transition to a digital currency is right on time. How else can a currency realize such creation on a global level? We are in the fourth quarter of a fiat currency meltdown created, and now propelled, by nothing more than greed and a political failure to transmit honesty, integrity, and strength. Other than that — this administration and other political leaders are doing a fine job by systematically dismantling our country piece by piece.

 

DC Carlton is founder of The Prospector Site and author of the Amazon Kindle #1 Bestsellers Why Silver and Gold Will Go Higher and Storing Silver & Gold. If you’re looking for trustworthy PM assistance feel free to contact DC regarding his personalized consulting service. TPS doesn’t sell silver or gold; we represent you, the buyer, looking for affordable precious metal from honest trustworthy sources. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 

 

 

 

 

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WHY NOW IS THE TIME TO BUY SILVER

BUY AMERICAN, BUYING GOLD/SILVER, GOLD & SILVER   No comments yet

I’m not sure who said it but it’s worth repeating. The best time to buy silver was ten years ago, the second best time is now. This week TPS (The Prospector Site) received our share of emails asking if now is a good time to buy or wait in hopes of a silver price dip. I understand the thinking but to me personally the risk doesn’t out way the return. Over the next few hundred words I’ll explain why I feel now is the time to buy silver.

Few will disagree when I say the world is changing before our very eyes. Germany has asked the US to return all physical gold stored in the United States. The rumor is this gold, German gold that is, is no where to be found. Domestically, this administration is “all in” as they ask Congress to erase the debt ceiling even to the point of warning anyone standing in the way of such fiscal irresponsibility as a obstructionist.

This week alone President Obama warned those opposed to raising the debt ceiling, increasing the national debt, as “responsible if our economy falters”. Never before has this author heard such a political admission of bankruptcy as when the President of the United States admits the only choice is diving deeper in debt. The USA has reached the monetary point of no return from the lips of our own president.

Let me be perfectly clear here. I hold no political bias; my objective is nothing more than to compare facts of the day to PM (precious metal) relevance. I have my political opinions, like you do too, but they shouldn’t play into your decision to buy or not buy silver.

When a country reaches such a point of borrow or bust it matters little the price of silver or gold. The only issues are how much one can afford, where you will buy it, where will it store. Maybe at this point I should share an email we received this week to better clarify my point.

QUESTION:  I am looking into purchasing a few thousand dollars of silver coins (junk) from a reputable local coin shop here.  Do you recommend I wait for awhile to see if the price drops (like sometime this summer)?  I am in my mid 50′s,  Please advise.  Thanks.

TPS:  I love this question for many reasons. It proves Americans are waking up and taking control of their financial future. This reader, proved by their wording, has taken the time to research silver (by the mention of “junk”), check out a local silver source (by mention of a reputable local coin shop), and now timing their silver action (aware of the benefits of buying on a “dip”).

This “think for myself” mentality is exactly what it will take to sludge through 2013 and beyond.

TPS exchanged an email or two with this reader and I’m willing to bet a bullion ounce of silver they will soon buy some, if not already. We can look at today’s mania around the gun and ammo craze as a perfect example of future PM demand. A combination of fear and reality has nearly emptied gun store shelves. The run to silver will soon follow the same type of mania. The reason I know this rests in the paragraph below.

The United States Mint has temporarily sold out of 2013 American Eagle Silver Bullion coins.  As a result, sales are suspended until we can build up an inventory of these coins.  Sales will resume on or about the week of January 28, 2013, via the allocation process. GOLDSILVER.COM

Any event can trigger a run to silver that leads to an “allocation process“. This is something we’ve written about many times on TPS and completely expect to soon witness. My gut tells me silver allocations will become spotty and then turn into a common part of the PM marketplace.

My advice, for those who choose to own silver, is to build your stack before silver allocation rules the silver market. This demand will affect silver prices both positively and negatively depending on what side of silver ownership you’re sitting.

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources

 

 

 

 

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TOO MUCH SILVER?

BUYING GOLD/SILVER, GOLD & SILVER   No comments yet

The truth is sometimes those who preach the benefits of silver and gold repeat the same old same old. PMs (precious metals) do not have the exclusive on misinformation. Since the beginning of time hunters have exaggerated size of the beast or danger of the kill. Flash forward a few thousand years and the internet provides a breeding ground for the misinformed, this includes precious metal actuality. The challenge for you, the reader, is to sift through fact from fiction, bias from objective. This can be challenging for you and me. 

TPS (The Prospector Site) attracts those new to PM in search of more information in hopes of making prudent monetary decisions in an age of economic uncertainty. But some readers are more advanced, PM speaking, and present challenging questions to say the least. One such challenge leads us to ask if too much physical silver exists.

Let me begin by saying Happy New Year to all and thanks for spending a few minutes in search of PM accuracy. I commend each of you for making such a wise decision to at least explore the relativity of silver and gold today. We often discuss how to buy, what to buy and how to safely store silver/gold so feel free to dive into TPS archives for more info or email me, DC Carlton, if you prefer.

The question is how can we accurately compare silver availability to demand? In other words, is physical silver demand greater than mining output or potential output? Plus, is mining output supplemented by an increasing supply of scrap silver, as well? More importantly, how will production and demand effect the value of your stack of silver bullion, rounds or bars?

All great questions, all worthy of an answer, too. Unfortunately, not one person walking God’s green earth knows the answers to the above questions since even those spending a lifetime researching such issues disagree. So, this leaves us with only one last option but fortunately it’s the best option.  This is why we’ll do our best to answer the above questions by evaluating the facts.

Fact #1. Silver demand is very relative. Even so-called experts can only estimate future demand. These experts usually base such demand on trends more than anything else, and for one reason. You, my friend, are hard to figure out….monetarily speaking.

Demand is relative to so many things. I would have never believed America would re-elect a president (regardless political affiliation) who approved increasing the national deficit nearly as much in one term as all previous presidents…..impossible. This only proves how quickly opinions change once a society reaches a point of spending addiction.

Natural disaster experts will attest that folks under extreme adversity will eventually broaden opportunity in order to survive. Those with wealth will do exactly the same as they realize their vessel of wealth storage is at risk of sinking.

I still recall the meal in Beijing, China just a few short years ago listened to a couple of European land developers describe the mania of new construction along Spain’s coastline. Now, Spain suffers from catastrophic economic decline with millions taking to the streets.

It’s impossible to factor future demand as our world changes so quickly…..and awakens to the fact another option exists for wealth storage. The ability to trade currency for silver is a growing force more powerful than most imagine. So often we hear of overreaching government chipping away at civil liberties but few connect how a storage of PM wealth is the ultimate liberator.

The combination of sound money liberation and a second currency option fuels the demand side of silver as folks realize the US Dollar has reached retirement age. I only mention this because the USD has lost 95% of its value since the creation of our Federal Reserve Bank.

The world is on the verge of discovering the one currency not negatively affected by monetary debasement and fiscal irresponsibility.

Technology and silver you ask. Even those who support silver’s technological play underestimate silver’s true potential as our world connects via smart phones and tablets. This technology thirsts for silver even it’s only minuscule amounts at a time. TPS often mentions how silver and gold are off the radar but in today’s information age the power of silver and gold are soon uncontainable. The same devices made of silver also help spread the benefits of investing in physical silver.

Fact #2: Silver doesn’t care. Silver doesn’t care if it’s a great wealth equalizer for a central bank or a fellow living in Kansas City. Silver cares not who claws it from the ground or who buries it in their backyard. Silver is an emotionless opportunity of wealth preservation in an age of wealth destruction. Like our European developers, we like to assume silver will always be available but the facts say otherwise.

Latin America’s mining industry blazes in conflict. International mining corporations pour into Latin America but conflict arises when locals question fair wages and long-term environmental impact. It really comes down to greed as even the impoverished understand rising silver demand has the ability to pad empty pockets.

Raise your hand if you truly believe environmental issues will not grow more relevant worldwide. Clean air and water will prevail over mining compromise and this equals one simple outcome. It will grow harder, even in our technological age, to abstract hunks of silver from under the earth’s surface.

Last Words: Well, these are the facts folks. No matter how much silver rests below the ocean floor or planet’s surface it doesn’t change the impact of enormous demand. Silver is now under assault from technological components and from folks, like you, looking for sound money in an age of imaginary currency.  My opinion (yes I saved it for last), it’s impossible to have too much silver when 100% of the world’s currency is intrinsically worth zero.

 

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources

 

 

 

 

 

 

 


 

 

 

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TRUE SILVER CONCERNS

BUYING GOLD/SILVER, GOLD/SILVER COINS, SECURING GOLD & SILVER, SELLING GOLD/SILVER   No comments yet

Are you one of the many concerned about silver’s future?  Just this week I heard a talking head mention the volatility in precious metal as 2012 closes its final chapter. She confidently mentioned why investors sell silver and gold to wisely buy equities now that politicians are on the verge of solving our fiscal cliff issue. Wall Street celebrates this great news with a year-end rally almost like they realize Washington has no other choice but to feed the giant that holds the wealth of Middle America. My concern, my truest concern, goes far beyond the fiscal cliff or the triviality of our mainstream media, I’ll explain.

I would like to take a moment and do something I rarely do. I want to make a prediction, a silver prediction that is, and I’m asking each reader to, well, read closely. By the way, this prediction has everything to do with my concern of the day.

While paper silver sells down…. physical silver disappears at near record pace. Because of this I’m concerned something “big” will cause a sleeping society to awaken to our fiscal reality. This reality has the potential to dry silver inventories nearly overnight.

For those new to physical silver I want to share a fact or three.  The majority of silver on the market today is newly minted silver in the form of bullion, rounds and bars. The number of mints making silver bullion, rounds and bars are few. Most of you that own silver bought it through a third party (online bullion broker) and not from the mint itself.

Your source, the bullion broker, in all probability isn’t sitting on a huge inventory of silver in hopes you call for more. The price of silver fluctuates too much for silver sellers (brokers) to risk anything other than placing a “buy” order only after you ask for more. This means those brokering silver sales are limited to what’s produced or allocated from the few minting silver.

We will soon see days of silver rationing meaning those wanting to buy silver will be limited to a few ounces, at best, or only the highest premium and less desirable forms of physical silver.

Now here is where my concern takes over. People prudent enough to own physical silver have no intention of selling anytime soon, why should they? This December’s drop in silver means nothing to those sitting on physical silver. There is no way a person wise enough to protect with physical silver will sell it, one call to any silver broker will prove this as true.

The new-age bubble investor will run to silver not driven by wisdom but emotion. This is why so many scurried to buy silver not long ago when it hit nearly $50 per physical ounce.  The combination of short inventories and the unwillingness of those holding silver to sell will create a shadow market in PM making the true value of physical silver hard to pinpoint. This value will be far beyond silver’s daily paper fluctuations we watch today.

This writer believes we have reached such a point but the monetary spread between physical and paper hides behind a splinter of availability (silver inventory), an inventory on the verge of disappearing.

 

 WHAT ABOUT YOU?

My intention is to shout silver’s praises from the highest mountaintop so that as many folks as possible replace at least 10% of their net worth with precious metal. For those asking, 10% is a minimum and something closer to 20 – 25% is best (my opinion based on what I feel silver and gold’s actual physical values are today).  Remember, I gain nothing financially if you buy a boatload of silver since I sell neither metal.

But the problem, or concern, is that the physical silver window is closing just as those who trust a fiat currency need PM (precious metal) most. To put it simply, there is not enough AFFORDABLE silver or gold to go around. This is why both metals will go higher as more individuals realize we bought into a temporary currency system that still stands only because of the ability to print more.

Today’s silver buyers are a crafty bunch. They silently buy boxes of silver with little mention to anyone outside the few trusted, very wise. Is this why the silver cookie jar suddenly nears empty? Not exactly, physical silver has a bigger problem than its sneaky buyers.

Mining silver is challenging in today’s world. A global market may thirst for silver but politics and environmental issues dictate how fast silver leaves the ground. This conflict worsens as demand and prices grow, how could it not?

While preparing this post I typed “conflict in silver mining” and then watched nearly 3,000,000 results pop up on my screen. South America’s mining industry rages with conflict as inventories cry for more.

This only proves the option to own silver is not infinite.

I urge you to keep the above facts in mind each time a drop in paper silver prices rattle your PM faith. The fiscal issues our Congress address today are long-term problems that will take many attempts to fix. This makes protective assets, like silver, a long-term protective measure that each person who wishes to sustain wealth must own. Why not add a few hundred ounces to your stash while the opportunity to buy cheap silver still exists?

COMMENTS & QUESTIONS:

QUESTION:  You mentioned storing PMs in two or three locations as part of a proactive storage plan. One you recommended to another reader involves international storage which requires funds wired from a banking account. To my knowledge, the only way to someday retrieve this wealth is to have the funds (from PM sold) sent back to the same bank account. Here is the problem as I see it. What if the bank is no longer in business? What if the IRS decides my bank account is in their control regardless if I’m delinquent or not? Not sure I like the method for retrieval with international metal storage. Your thoughts?

TPS Reply:  Awesome question so thanks for sending it over. “Yes”, I recommend that each person who owns physical PM to use an aggressive proactive plan for storage. This could include international storage but two words popped into my head as I read your email, DUE DILIGENCE. I commend your efforts to look at international storage through realistic eyes because the risks you describe are very real, but.

I won’t speak for companies like BullionVault or GoldMoney, but my understanding is most depositors can retrieve real metal as well as cash back into a registered bank account. This means they will send real PM back to those who request it (for a fee). Does this take 100% of the risk out of international PM storage, of course not? I know of no way to store PM that is completely risk free.

My advice is for each person considering international storage to take the time to ask “what ifs” before taking the plunge. I personally feel it is well worth the risk depending on where you live. Thanks for the questions.

QUESTION:  You mentioned something about insurance for those who store PM at home?

TPS Reply:  Yep, insuring PM stored in your home is a great option…. and one recommended. The last I checked the fee for storing $100,000 in bullion was around $500 per year, well worth the effort and cost in my opinion. I’ll send the info over.

QUESTION:  Found your site on the internet looking for silver and gold information. I have so many questions I don’t know where to start and can’t afford the one-on-one consulting service you offer. In a nutshell, can you explain the steps to protect with physical silver?

TPS Reply: Would love to….. and thanks for spending time with TPS.  You have taken the first step to financial freedom, so congrats. Research is the key to understanding the power of silver/gold and how they protect in times of huge currency creation. First, continue to educate yourself why silver and gold are so relevant today.  Next, buy PMs as close to spot (paper) price as possible. I own bullion, rounds and bars…for what’s worth. Next, formulate a comfortable plan for storage that includes several options just in case one option fails. Next, forget the metal exists and live your life in the confidence that only comes from an independent nature that leads you to own a real asset like silver or gold.

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources

 

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CONQUERING THE “FEAR FACTOR” WITH SILVER

BUYING GOLD/SILVER, GOLD & REAL ESTATE, GOLD & SILVER, GOLD AND MONEY, SOCIAL UNREST, Uncategorized   No comments yet

If you find yourself anxiously searching for answers in a time of great complexity then today’s post is for you. I see two trends that lead me to believe many folks are reacting to an emotion that has consumed the soul of man for thousands of years. Yesterday’s news was no surprise, not to me at least. It seems gun sales are up nearly 20% this Black Friday over last. Why, because people are afraid? Maybe this is why gold and silver sales are up comparably, too. So, before you buy another ounce, or AK-47, please read the following closely.

“He who fears something gives it power over him.  Author: Moorish proverb

You are wise to investigate why silver and gold are so necessary in such an age like the one we live today. But your decision…or motivation must go beyond a fearful reaction to preserve and protect what you’ve worked hard for. I realize this is something easier said than done.

An opportunity to own silver and (or) gold must be part of an overall commitment to develop a life of independence.  For me this decision is one I made over a decade ago as I realized something wasn’t right with the way we send currency (you may call it money) to Wall Street and then pray someone we don’t know takes proper care of it.

The thought of endless currency creation didn’t make sense either. How is it that I work so hard – for something like dollars – when others can create more on a whim…..accountable to no one and then give this newly created cash to only a chosen few?

Like you, I receive many PM newsletters but lately nearly everything written is based on a fearful projection of our future. Tales of currency collapse, social unrest, war, riots and other terrible forms of crisis. Maybe it’s time we break down our worst fears and then compile a “what if” plan not calculated from fear but God given common sense.

Do you realize all the terrible fears described above already take place as you read this post? The USD has lost 95% since it unhinged from gold; I would have to describe this as a “currency collapse”.  Social unrest fills our inner city streets as millions live a gang related life few of us can imagine (over 7 million people are on probation, parole, jail or prison in the US). Spend an hour in the city of Compton and you will have no doubt “social unrest” is prevalent today. Wars are rampant, in fact our youth have yet to live a day when our country wasn’t at war. It seems each evening we hear of yet another riot as Europeans realize bigger government is not the answer.

Wealth stored in silver or gold is about creating opportunities, like the opportunity to establish your own monetary policy. The opportunity to serve others, worship, store supplies, afford a weapon of protection and most importantly, the opportunity to pick your family up and move them elsewhere. These opportunities I’m describing today have nothing to do with fear. Sure fear may spark the motivation necessary to re-direct but fear shouldn’t lead.

I recall an email we received here at TPS not long ago. This reader was very concerned that the banking system is close to collapse and ultimately destroy the wealth of millions. Folks, I have news for all who will listen. The banking system, as we know it, only stands because of the trillions of dollars “borrowed” from the Federal Reserve Bank. This fiat system based on fractional reserve currency creation is a short-term experiment soon to show it uselessness.

Eventually inflation will erode the wealth of those unprotected. Some of this wealth will disappear and some will transfer to the few who hold silver, gold, and other “real assets”. You may ask why our elected leaders fail to warn of such a destruction of wealth but the truth is Congressman Ron Paul has done so for years.

Our banking system will someday “correct” itself or risk becoming obsolete. This is why a savings in “real money” is so necessary. Please allow your common sense to override your perception of reality; fear has nothing to do with such prudence.

Most of you know I authored a book called “Why Silver & Gold Will Go Higher”. One of the reasons both metals will elevated is, unfortunately, because of fear as millions realize what you already know. Please don’t include yourself on the fear list. Seek out unbiased precious metal sources to educate and then let wisdom supersede fear.

QUESTION:  If you had to choose just one would it be to buy silver or gold? Love the site, thanks.

TPS Reply: Thanks for the question, and reading TPS. Right now I would have to pick silver over gold, no doubt about it and here is why. So many folks around the globe are realizing the banking system is rigged and their wealth is in jeopardy. They are, or soon will be, desperately searching for a safe haven and many can’t afford gold. But they can afford physical silver and will buy boatloads of it while they still can. I completely expect to see silver inventories depleted as the masses attempt to protect wealth and then store it outside of the banking system.

Personally, I would buy $100 an ounce silver today, if necessary. I would rather risk paying too much for silver than watch my wealth disappear on Wall Street or disappear through inflation. Remember, most of the world is free to own a very limited supply of physical silver. Silver is unlike gold, once silver is used as a commodity it rarely returns to a physical form. I recommend taking a hard look at silver bullion, rounds or bars soon.

QUESTION:  Thank you for providing useful PM info for those of use new to silver and gold investing. My question today pertains to our wealth in real estate, particularly our home we live in. You mentioned the danger of wealth disappearing in our homes as values decline but lately we have seen the opposite. Our community has experienced an increase in sales that resulted in an increase in home values. Do you feel this trend will continue? We are seriously considering selling our home and renting but hesitant to sale while values are trending upward. Thanks.

TPS Reply: Great question so thanks for asking. I agree with your assessment that values in residential property are increasing after losing around 40% from peak bubble. You are wise to question the return of equity so congrats. We must ask why housing has turned around to answer if this trend will continue. The fact is most of today’s buyers are investors looking to take advantage of perceived bargains and low interest rates. These historically low rates are compliments of a federal government willing to backstop a housing market (low rates also allow our government to borrow trillions at historically low rates).

Our government will do everything possible to support real estate values because every new mortgage is the creation of currency the Feds don’t have to print. Our economy depends on consumption and new mortgages are great for a debt-based economy. Now, it’s my turn to ask you a few questions. What do you think will happen when the only lender in the land (US Government) realizes it cannot backstop mortgages forever? Do you realize no other banking institution can or will take the risk that our government provides today? Do you realize taxpayers are on the hook for every foreclosed property the gov’t insures?

This is why I view today’s real estate market as the housing meltdown 2.0 considering this is not a real market built on unassisted economic forces. Having said that, no two markets are alike and your home could sustain or grow in value. It is possible this administration will beg, borrow and steal to support housing for the next four years, who knows.

For the record, I still own my home because it is part of an overall plan of self reliance and my cost of ownership is far less than my local rates to rent. Hope this helps because I realize you are facing a very tough decision.

 

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 

 

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THE THIEF WE CALL “BLACK FRIDAY”

BUYING GOLD/SILVER, GOLD/SILVER COINS, STOCKS AND GOLD/SILVER   No comments yet

Isn’t it fun to spend money? I love to watch advertisers flirt with our pocketbooks this time of year just before Thanksgiving. You have to admit, their ads are catchy as actors smile over a new car tempting the rest of us why we deserve one too. The question I want to ask readers today is can advertisers trick us one last year? Is this the year we, collectively, say enough is enough by no longer willing to exchange debt for the illusion of fulfillment and happiness? I have my doubts.

I have a confession, I’ve yet to participate in Black Friday shopping….but this year is different. My wife convinced me to travel to our nearest big city, and then bite and crawl our way to a bargain we don’t really need. The only consolation is we have earned the right to participate in such mayhem. We have a savings of gold, savings of silver, and a level of debt that can never control or compromise what we have worked hard to amass. The same cannot be said for the other 99% shopping.

This holiday season’s success hinges on a economy that still stands only because of a government’s willingness to replace capitalism with fascism. Does this last sentence sound harsh? Fascism is nothing more than a corporate /government merger. This merger is the only thing holding the illusion of recovery, and Black Friday, together one more year.

You, nor I, can control a Congress unwilling to accept the defeat of a failed fiat currency. What we can control, or refuse to accept, is a belief that society can continue to move forward in a harmonious fashion while the walls of debt constrict around us.

The longer I write for TPS the more I’m convinced that most folks refuse to accept America’s peril because they have no clue how to protect themselves. They still believe the US Dollar is money, college education equals a good job, and their pension will be there when needed.

These same folks cannot explain why gold & silver climb. They refuse to admit the undeniable and willingly accept a reason to celebrate days like Black Friday by compromising the ability to think for themselves. They lack the ability to self educate, they accept fake money and, worse yet, they accept more government as the answer.

For them, silver and gold are a million miles away. We accept an economy dependent on spending, and Black Friday, because we no longer understand a true working economy. We accept an economy dependent on spending because we lack the education and common sense that will no longer accept such monetary bigotry.

This is why so many will stand in line to buy worthless items made from afar but not own one single ounce of gold.

A country willing to believe in fake money and a fake economy will willingly accept the loss of liberties and freedoms. What choice will they have without the ability to think for themselves or understand real assets like silver and gold?

I’m sorry to sound pessimistic, really. My goal is to motivate each of you, without bias, to individually research why silver and gold will go higher in the very near future. The motivation to own physical PM (precious metal) need not come from fear, uncertainty, or anything other than a true understanding of real money and then the willingness to react accordingly.

QUESTION:  TPS – Thanks for the great site.  I made my first PM purchase 2 1/2 years ago through a self-directed IRA buying some gold and some silver.  Because the metals are held in an IRA, I was not able to take delivery of them.  They are stored in the Delaware Depository.  Sterling Trust is my agent/broker who put this deal together.  I have never received anything from the Delaware Depository saying my PMs are there although I do get quarterly statements from Sterling Trust which accurately reflect the value of my PMs.  

What can I do to satisfy myself that my PMs are safely there?  Additionally, I turn 59 1/2 in March of next year at which time I could liquidate my IRA without penalty and then take physical delivery of the PMs.  Are you familiar with Sterling Trust and the Delaware Depository and do you feel these are safe places to do business with?  I would deeply appreciate your recommendations.

TPS Reply: Great move with the self-directed IRA. I’m guessing you’ve realized a 40% return on gold and close to a 100% return on silver, good for you. We are now living in an age where all things real must be questioned regardless how large the entrusted institution or depository. Sterling Trust appears solid and I’ve not heard anything that leads me to question their reputation. The problem is many trusted advisers, agents and brokers are only as good as the institutions who hold the wealth, and I’m not just talking PMs. Look at MF Global as a perfect example.

I don’t give pinpoint financial advice but will tell all readers what I would do if in your shoes. I would liquidate, in March, and then take physical ownership of my metal (just as you mention). I would start the process now by making calls or emails asking for the exact procedure to take physical delivery so no one is surprised come March 2013.

I doubt a company like Sterling Trust will risk their reputation unless Delaware Depository is worthy as a PM depositor. I think it’s good for you to question but I also think you have little to worry about. Regardless, taking possession puts you one step closer to where all physical precious metal holders should be. Thanks for the great question and drop me an email in March so we can both celebrate your efforts.

 

QUESTION:  I just had a thought recently about joining one of the several Gold Prospecting clubs here in CO to go look for gold myself.  Do you have any experience with clubs such as this and what are your thoughts on this activity?

 Hope you are well – Happy Thanksgiving.

TPS Reply:  I’m great, and Happy Thanksgiving to you and all TPS readers. You must be reading my mind since I have toyed with the prospect of prospecting. I know little about such a venture but the thought of digging gold from the earth or stream is every man’s desire and every boy’s dream. I do receive calls from prospectors from time to time asking my opinion on future gold but most are extremely secretive on location (one actually asked to keep the conversation short since he was sure my phone is monitored by Big Gov’t), oh boy.

Prospecting gold is the ultimate definition of “untraceable” precious metal. States like Colorado (as you mention), Nevada, California, Wyoming and Montana have a deep history of gold prospecting and I have no doubt more gold is findable since the gold rush days. Streams change, rivers recourse, and the only constant is a growing value of silver and gold. Sounds like a great way to spend the weekend to me so good luck and happy prospecting.

 

QUESTION:  Shopping for Christmas and considering PM as gifts. Any ideas?

TPS Reply: Yes, and thanks for asking because I meant to bring this up. Silver bullion, rounds and bars make perfect Christmas gifts but I do have a suggestion or two. Don’t spend your cash on collector coins nicely boxed unless this is something a person really has asked for. Collector coins, proofs, carry a substantial premium over spot and to be honest I don’t think they are worth what most are paying.

Your local coin shop is a perfect place to find low premium silver and they can help with a coin protector to boot. Oh, this year could be different but last year we realized a significant drop in PMs at year’s end. Might be worth waiting a few weeks to see if PM prices do the same in 2012. Thanks for the question, and reading TPS.

 

DC Carlton is the founder of The Prospector Site and author of Why Silver and Gold Will Go Higher. Feel free to register here for his free online newsletter that provides precious metal insight rarely mentioned from mainstream media sources.

 


 

 

 

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HOW TO “SAFELY” BUY SILVER/GOLD

BUYING GOLD/SILVER, GOLD AND MONEY, GOLD/SILVER CONFISCATION, SECURING GOLD & SILVER   No comments yet

One big price for today’s electronic currency is security, the upside is convenience. Never before is it as easy to buy silver and gold but a reader recently emailed TPS (The Prospector Site) asking how to safely buy precious metal while utilizing our e-commerce age. The process is simple, and safe, for those who take the necessary steps to protect themselves along the way. Today we tackle the necessary steps to land silver and gold safely into your discretionary spot for storage.

QUESTION:  Hello. I would like to invest in gold and/or silver, and am not sure how to (safely) do it. You mentioned a list of reputable sellers? Would you recommend bullion or another form? When you purchase online, how are the funds transferred (through a service like PayPal, or can they be done directly from a customer’s bank)? Thank you.

TPS Reply:  Ah, another one joins the PM flock, congrats. Thanks for the great questions and thanks for sharing such honesty. Sometimes the first step to buying the right gold, or silver, is admitting we don’t know what the heck we’re doing. My first experience was a train wreck and I’m humble enough to admit I bought the wrong gold when gold sold for less than $400 per ounce. I will also admit it was a paid education since this miscue sparked a desire to learn as much about real money as possible, my quest still continues to this day.

I recall a PM conversation not long ago with a New York Times bestselling author who writes about all things monetary and economic. How shocked was I when this author admitted “PM ignorance” when it came time to buy physical gold? This only proves few are comfortable with what to buy, where to buy and who to trust.

I push PM “Newbies” toward silver for one reason – CONFIDENCE. For some odd reason most newbies find buying PM uncomfortable or nerve-racking but have no problem investing a life savings in a intrinsically valueless currency supported by nothing more than a thin margin of faith. This PM insecurity causes too many to watch from the sidelines while PM prices rise with each passing year.

This is why I recommend buying silver bullion first, then gold bullion as you become comfortable with whomever you choose to trade with. Don at Colorado Gold works well with beginners, like you, so try them first. I also buy from Miles Franklin and Blanchard Co, too, not to mention my local coin shop. I’m sure there are many more reputable PM brokers but these are the ones I’m most familiar with.

Each online PM broker has their own rules to lock an order (“locking” an order is the moment a firm price is established). Some brokers (dealers) will lock nothing until a check clears or funds wire transfer from your bank to theirs. Some have dollar limits but will lock a price in temporarily while funds generate. Some PM brokers even allow purchasing by way of credit card but usually pass all credit card fees to you the buyer.

I have found bank wire transfers a safe and easy way to purchase PM.

WARNING:  Never buy PM face to face with someone unknown. I have stacks of horror stories from well meaning Craiglist traders who ended up robbed or with worthless gold clad bullion. Please stay with reputable PM dealers or brokers realizing their small fee is worth your piece of mind.

Some of you want to buy silver or gold without a paper trail of any kind, I understand. This is still possible but the window of unrecorded private asset ownership of any kind is quickly closing. The upside to owning metal without a paper trail is the reduced risk of governmental confiscation (see Silver Confiscation).  The downside to owning PM without proof comes in play for those who wish to insure silver or gold stored at home (you could be asked to show proof of ownership when filing a claim).

This is why some of our readers own metal with and without a paper trail. Nevertheless, start with low premium PM like bullion, rounds or junk silver. All three can be purchased in person or online depending on your perception or concern over a paper trail.

I want to leave you and all other readers with one last thought. You may find your first PM purchase unnerving but if you follow the instruction of someone trusted, like the PM brokers just listed, this process will become easier in no time.

COMMENT:   Just wanted to call and say how your book has prioritized our finances – thank you. It seems so obvious we cannot fix our economy by borrowing endless amounts of money and the chapter comparing other assets to gold was an eye opener. Within a week after finishing the book my husband and I each put one unnecessary asset for sale (boat and snowmobile) to begin the “wealth relocation” you write about. Trading a declining asset (toy) for something so protective as PM just makes sense. Thanks for the motivation we both needed to take control of our financial future. Cheers.

TPS Reply: Good for you guys and congrats for making what I think is a perfectly timed life-changing decision. Wealth relocation is nothing more than selling something with declining value and then replacing it with something of real value….. like silver or gold. You will find a feeling of liberation as your new wealth builds while others struggle to maintain a lifestyle that continues to rob the middle class. My recommendation, now, is to stay the course and continue to add PM when possible. Thank you for passing along such a nice compliment…and reading Why Silver & Gold Will Go Higher.

 

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YOUR FIRST SILVER PURCHASE

BUYING GOLD/SILVER, GOLD & REAL ESTATE   1 comment

I can honestly….and humbly say I’ve made mistakes during the buying process. I made mistakes early from a lack of knowledge and planning. Many of you are new to precious metals and I commend you for making one of the wisest monetary decisions you will ever make. We are living history as we watch central banks worldwide devalue their respected currencies to a place of worthlessness.  You can do little to change such foolish behavior, but you can take the proactive nature of owning silver and gold, here is how.

Trading currency for real money is not complicated. The process, if calculated, should take less than 10 minutes and with little or no anxiety. Making your first silver, or gold, purchase need not be complex, confusing or stressful. Today I will provide two little nuggets that will make even the most inexperienced metal buyer sound proficient the first time buying PM.

We must remember that each party – buyer and seller – has a goal. Your goal is to trade dollars (or whatever your currency is) for real money all while not being ripped off. The seller’s goal is to sell the most profitable metal that benefits their bottom line the most, very simple.

This next sentence or two is very important so please read them carefully. We are not coin collectors. We care nothing about a coin’s rarity, proof, history, shine, glow, etc. Our goal is to buy silver, or gold, cheaply as possible and as close to “spot price” as possible.

This is where most “newbies” fall off. The tendency is for new precious metal buyers to find themselves easily swayed especially when they say, to the PM seller, the worst words possible;  “I am new to silver and gold” or “what metal do you recommend”. Nothing, and I mean nothing, has the potential to sabotage your gallant effort like the sentence above.

Let’s backup here a second. Isn’t it your cash we are talking about spending? Isn’t this your future, your family’s financial stake and your hard-earned effort that brings you to this point? Why would we scatter your tokens, aka dollars, across a stranger’s counter all while hoping they honor your best interest? No way, we cannot entrust something so important to a commissioned salesperson, sorry.

I realize many good, and reputable, PM brokers work within our industry today but is it worth chancing? By the way, feel free to email TPS for a short list of PM sellers I’m 100% confident will look after your best interest.

WHAT TO SAY:

Regardless if buying from a coin shop or over the phone, you must decide what you’re buying and how much BEFORE INITIATING CONTACT. I recommend new bullion coins, rounds or junk silver since they offer the lowest “premium” over current spot price. First, ask the person selling PM for the current spot price. Next, ask the sales representative which silver, or gold, they offer closest to “spot” and I’ll bet the answer will be one of the three aforementioned.

I want to encourage you to try this at your local coin shop, soon. Start small maybe with an ounce or two of silver, this will allow you to become comfortable with purchasing PMs while not spending a boatload of cash. Remember, inventories fluctuate each day and so does the precious metal market. You can save money buying in person especially with small orders (no shipping costs) but larger orders make online purchasing the most cost effective.

For the record, I buy PM both online and in person. I love the interaction and feel the necessity of supporting my local coin shops since they are more than willing to quickly trade metal back to cash if necessary.

SEND OVER YOUR PM QUESTIONS OR COMMENTS ANYTIME. WE WOULD LOVE TO HEAR WHAT YOU’RE BUYING AND HOW…. SO CONTACT ME RIGHT HERE.

QUESTION:  I want to first say “thanks” for what you do at the TPS. I’ve been buying silver bullion for over a year and from a online bullion broker you recommended (Miles Franklin), each order arrived on time and as promised. My question relates to the equity we have in our home and buying more PM. Even with the housing correction we still have over $100,000 equity and owe slightly over $100k. Your chapter on real estate (Why Silver & Gold Will Go Higher) makes me believe the remaining equity in our home will decline further. If so, do you recommend capturing remaining equity, via a refinance, then use the proceeds to buy more PM?  We don’t really want to sell our home but hate the idea of losing more wealth. Thanks in advance for your reply.


TPS Reply:  Thank you for reading my site, and book.  Your question is one each person holding wealth in real estate must ask since I’m convinced residential real estate will further decline. Your wisdom led you to buy silver and your prudence tells you to buy more. The question is should you borrow from your home’s equity (or sale) in order to add to your PM arsenal? No one can answer this question better than you but let me offer what I would do under such a scenario. I would only refi (in order to buy more PM) if my new fixed rate payment remained the same. Can you execute a “cash out” refi without raising your payment? Can you easily afford the new payment even if your household income declines (household incomes are declining and this trend is likely to continue).

I’m always hesitant to leverage something as volatile as silver but I completely agree that declining equity is exactly the same as wealth loss. Most folks fail to correlate the two and this is why 40% of the wealth in the US disappeared over the last few years. With that said, I recommend you… and all other readers, to do whatever is necessary to amass as much PM as possible, but wisely. It does no good to turn around and sell 20 ounces of silver bullion each month just to cover a mortgage payment.

 

 

 

 

 

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BARGAIN BASEMENT SILVER PRICES

BUYING GOLD/SILVER, GOLD & SILVER, GOLD/SILVER COINS, SECURING GOLD & SILVER   No comments yet

I’m sorry to say we are having trouble on the maintenance side of The Prospector Site but should have everything restored shortly.  Some of you have emailed and I’m sorry for the inconvenience and interruptions of late.

Bargain basement silver is the topic. The idea for today’s post hit me when my youngest son noticed how low silver prices are now compared to when he bought physical silver last year. Actually, I think his words went something like, “Boy dad, I’m really taking a beating on the silver you had me buy last year” and then walked away leaving a pile of guilt at my office door. My rebuttal explaining the difference between paper and physical collided with a blank stare so I decided not to waste his time or mine justifying silver’s true value, or suppression.

If the truth be known, some of you are second guessing silver’s worthiness. One of my readers went so far as to email asking for the best way to sell silver bullion purchased last year. Now I’m not trying to be critical here but isn’t this like selling the ship’s life vests under cloudy skies? This leads me to explain why silver is so necessary, and cheap.

Nothing, not even gold, has the track record of physical silver. Silver is the truest source of money throughout history and more have labored in exchange of silver than any other means of monetary reward. Most of the world longs for silver but even today’s prices are far beyond the reach of our world’s poor. The best they can hope for is shelter, food and clean water; silver is far off the radar.

But you have choices, this makes you different. You have the ability to buy silver but few take advantage of the second most used commodity that is also money. You see silver as an asset in decline but fail to see silver’s long-term value in an age of currency correction and decimation.

Our technology age thirsts for silver like never before even to a point that nothing can replace silver’s conductive abilities. Silver’s uses are more relevant today than ever before but somehow we overlook how the technology we depend on depends on silver.

These facts are especially concerning when we combine them with silver’s extremely short supply. Mining experts warn users that output will not keep up with silver’s industrial demand, not to mention monetary demand, as new technology depends more on silver with each new innovation.

Considering all the facts above, silver prices are less today than this time last year. Does it seem realistic that a commodity more relevant, more in demand, and less available is also retreating in price? No, of course not, the only reason you can still buy such affordable physical silver is because paper and physical silver are valued nearly the same.

Suppression and manipulation allows those prudent to own cheap silver in the summer of 2012.

The world fails to see paper silver as a promise in an age soon to question all wealth. This awakening will draw more to real assets certainly to include physical silver. What happens next is nothing short of amazing for the few holding physical silver as we prepare to see growing premiums divide paper from physical.

As you read this today physical silver adds a premium of around 10% and readily available. This means physical metal will cost a buyer 10% more than a paper silver promise.  As previously mentioned, the great monetary awakening will create more physical buyers, fewer trusting in paper, causing this “premium” or spread to grow as silver surfaces as a trustworthy source of money.

I realize new readers question such statements as the one above but for some reason refuse to question worldwide economies 100% dependent on debt. This misunderstanding exists only because of a false belief in never-ending debt stemming from a fiat based global economy. Name one city, state,or country not dependent on debt just to sustain an unsustainable lifestyle.

CUTTING LOSSES

In Why Silver & Gold Will Go Higher, we spent a chapter explaining the importance of wealth relocation. Don’t tell other readers but I wanted to name the chapter “Cutting Losses” since this best describes our future fire sale economy. A world at loss sells debt based assets cheap in order to raise capital to own real assets like silver and gold.

It is human nature to only bag sand when the water rises around us, never before. The rising tide of debt now teases toes and few realize the damaging affects when credit washes away. A reversal of credit is the straw to break the camel’s back and when it does assets like silver are exposed as necessary and real. Folks will sell what ever they can for what ever they can to buy silver, regardless the premium or price.

QUESTIONS & COMMENTS:

Question: Thanks for the great information about investing in precious metals. Silver is the only metal we can afford at this point and my question is what is the best silver for someone new? My plan is to buy $300 worth of silver each month to replace a car payment my wife and I recently unloaded.

ANSWER: Ah, another one sees the light, congratulations. Before I answer let me offer some free words of advice. Regardless the silver you decide to buy, find a safe place to store and then forget about it. Too many new PM (precious metal) buyers fret over a price decline not realizing the long-term potential of both silver and gold.

I love the fact you unloaded a car payment in order to buy a monthly allotment of silver, very wise. One asset is depreciating and the new asset is the truest source of real money. My advice is to buy the lowest premium silver when first starting. I like bags of “junk” silver which is nothing more than 90% pure pre 1965 coins in multiple denominations.

Not only is junk silver wise to own but could work great for a future barter economy too. Stick with your plan and feel free to contact me down the road with further questions. Thanks for reading TPS.

 Question:  I have a question about storing PM at home. I have a good safe and it’s bolted to my home’s foundation in a discrete location that no one outside my family knows about. My home also has a wireless security system but my concern is no one showing up when needed. I hear story after story of 911 calls unanswered and this leads me to believe maybe storing some PM at my bank could be best but want to get your opinion first? Thank you.

Answer: Thanks for the great question, it sound like your home storage method is text book to me. Other readers also describe 911′s failure to respond (or answer) and this greatly concerns me as well. Home safes are meant to buy time and not 100% safe from penetration, all safe manufactures will agree. This means your metal is as safe as your surroundings and this includes the response time of your local police department.

Should you diversify some PM to a bank box? Maybe, but please keep this in mind before doing so. Bank boxes are on bank property which means all things stored are subject to some kind of seizure under certain situations. Storing PM at your local bank could be safe today but not so safe tomorrow. Have you considered insuring the PM stored at home and in a locked safe? Premiums are reasonable so email me if you’re interested in companies who specialize in insuring private stashes of silver and gold. Thanks for the question.

 

 

 

 

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WHAT’S BETTER THAN GOLD?

BUYING GOLD/SILVER, GOLD & SILVER, GOLD AND MONEY, GOLD/SILVER COINS   No comments yet

Silver has the most devoted precious metal advocates asking themselves if Wall Street’s manipulation is worth the trouble. Does it come down to a slight risk of temporary decline over  chance of long-term gain? Is it possible other metals, besides silver, have a real chance to outperform gold?  Some experts believe so but as with all things written here on TPS (The Prospector Site) the last decision is yours. Today we take a closer look at outlaw metals with huge earning potential.

THE SOVEREIGN SOCIETY:  Metals More Precious & Profitable than Gold

Gold may be a national treasure — and I am reminded of that whenever
I think of the time I arranged for the return of Kuwait’s gold from Iraq
after the first Gulf War — but gold is not the rarest, or necessarily the
most profitable, metal.

There are two particular metals, whose rare brilliance surpasses even the
luster of gold.

I’m talking about the real royalty of rare metals —the king and queen
of rare metals, platinum and palladium — and something interesting is
about to happen with them.

The most important aspect to consider is scarcity. Platinum is 15 times
rarer than gold. All of the platinum ever mined in the history of the
world would fit in a room that measures 25 cubic feet.
Palladium is even rarer.

Read the entire article here.

TPS adds…..many of our readers have shown concern about future gold/silver confiscation similar to 1933 & 1934. If concerned, platinum or palladium could be worth making a precious metal diversification. No one knows how far overreaching governments will go as this decades big squeeze tightens.

Like silver, I expect short-term volatility to include platinum and palladium if world economies shrink to the point of buying less of the products that use these alternative metals. My long-term tendency is to believe all three metals (silver, platinum and palladium) will draft gold upward as more view each metal from a monetary viewpoint.

PRWEB: Silver Better Investment than Gold

Danny Esposito, contributor to Penny Stock Detectives, argues silver has been used as money throughout history, making its association with money equal to gold’s. He believes investors who argue that silver is not a monetary precious metal because it has more industrial uses than gold are wrong. Instead, Esposito suggests, silver’s exciting new industrial uses make it a more attractive investment.

In the article, “Silver as Precious as Gold,” Esposito notes, “Silver has the highest electrical conductivity of any element known to man and the highest thermal conductivity of any metal.”

Silver bullion’s ability to kill bacteria without harming the human body has made it invaluable in many medical applications. Everything from wound dressings to gowns to catheters to medical equipment is manufactured with silver bullion.

Research and development continues to find new uses for the precious metal. It is estimated that three-quarters of the silver bullion mined each year is already earmarked for industrial uses. This leaves less and less silver bullion for investment purposes, Esposito explains.

“China is the largest producer and exporter of silver bullion. However, over the last few years, it has cut its exports. Clearly, China has been using the precious metal for industrial uses,” says Esposito, “but it wouldn’t surprise me in the least if, besides hoarding gold as a reserve currency, China is also holding silver to diversify its reserve currencies away from paper money.”

Read the entire article here.

TPS adds….silver’s uses continue to amaze our industrial world and I can’t help but wonder how long it is before silver’s monetary fans (investors) battle it out with corporations around the world who use silver. Our technology and medical industries are extremely competitive as more rely on silver’s conductivity to channel advancement to the next level. Interesting times for silver to say the least.

Questions & Comments:

Question: I just finished reading your new book and have to admit the section on silver took me by surprise. I take it you agree with multiple levels of precious metal diversification but not 100% sold on silver? If not silver then more gold? I still have one foot in but leaning toward silver since it appears discounted, especially compared to this time last year. Thanks and I’ll watch for your answer over the next post or two.

TPS Reply: Thanks for reading my book, and the questions. Just to clear the air I too own silver (20%) but have no problem with folks waiting before buying more. Having said that, there’s risk in buying now just like risk in waiting. If you recall, I also wrote how social networking will someday soon drive precious metals price up 5% to 10% instantly as panic and fear strike (warranted or not). A limited supply of physical gold and silver is the best anyone can hope for. Don’t let this limited inventory leave you outside looking in.

Here is what I suggest, follow your gut but keep a close eye on market volatility. Waiting is for those already protected but looking to add more. I’m all about dips but see little benefit of guessing what a volatile market will do over the short term. Thanks for the question.

Question: I’m looking for silver bullion….. and gold…….. Can you send over your current prices?

Answer: Sorry, TPS doesn’t sell physical silver or gold, only information.

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