Investing in Gold/Silver - way too late?

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ncmedia

Relying On Talent...
Oct 28, 2007
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Toronto
I know there are a few awesome threads here and I've done some initial research but I figured I'd just ask for some quick tips here - as some of you are way the fuck beyond anyone I personally know or want to trust re the smoke/mirrors of investing and or who to go through.

So:

Let's say I have 20K I want to put down on G&S - 10K each, today - and just forget about it for x years...

Am I an idiot? Too late? Are there tons of variables to it all?

Where would you go do this online (I'm in Toronto CA if that matters) - or in person - where/who do some of you use? (PM if sensitive)

Feel like such a noob but we all start somewhere with this stuff and I can't bare watching my monies just sit in banks anymore (also not ready nor want to deal with real-estate investing - yet).
 


I don't think it's too late at all. I think 10k each is a good way to go.

For the most part it is just buy and sell but I would also look at taxes when you sell back. I'm not sure how it works in Canada. You may get better tax breaks by buying Canadian Maple Leafs VS US Eagles for example.

These guys are pretty reputable and you can do it all online (over the phone): Buy Silver Coins, Silver Bars, Silver Bullion and Gold | GainesvilleCoins.com

Watch this video that was recently posted here to really get a good understanding of where we're at:

[ame="http://www.youtube.com/watch?v=tj2s6vzErqY"]Debt Collapse - $20,000 Gold - Mike Maloney (FULL PRESENTATION) - YouTube[/ame]
 
My gold guy is not looking at bullion now, even though he thinks it's going to $2k. He's looking at the junior gold producers who have gone nowhere in the last six months.

The first guy who can figure out why gold has gone up and why the producers have not (and when that is going to change) is going to make a killing.
 
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It's not too late. Silver is far more volatile, i'd be looking at Gold for at least 75% of that sum. The way I see it is the only way the US can pay back its debt is to inflate its currency.

Right now i'm expecting a dip back to around $1750-1800oz, i'll be buying again.

I use Bullion Vault it's pretty easy to use, I also buy in the Swiss Vault.
[ame=http://www.youtube.com/watch?v=IF24atvNkSo]Jim Sinclair interviewed by James Turk - YouTube[/ame]
 
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With metal suppression/manipulation going on, there is still risk. but I trust commodities a lot more than paper.
 
Not too late. The US has about 5 to 10 years max before the debt bomb explodes. Apmex.com is good. I think they ship to Canada, too. Whatever you do, take physical possession.
 
slayerment said:
These guys are pretty reputable and you can do it all online (over the phone): Buy Silver Coins, Silver Bars, Silver Bullion and Gold | GainesvilleCoins.com

Watch this video that was recently posted here to really get a good understanding of where we're at:

Debt Collapse - $20,000 Gold - Mike Maloney (FULL PRESENTATION) - YouTube
Click to expand...

Funny enough that's the video I watched that made me finally want to take it seriously. Been itching and watching since 2008 - feel like an ass for not getting in then.

Thanks for the link +1 (edit: gotta spread some love out first)

** Looking at their site: wow tons of options, and they deliver actual product vs. storing in a vault? Intredasting:

3 Easy Steps to Sell Your Bullion Gold and Silver:
Step 1: Call Gainesville Coins at 813-482-9300 ext. 3 to speak with a trader
>> ? Step 2: Mail your coins and bullion to: GCI 17860 N. US Hwy 41 Lutz, FL. 33549
Step 3: Get your check mailed out the same day we receive your package!

^ Is this really what you guys do? Stuff gold bars in your safes/wherever and actually mail them in for your pay some day? Sounds bizarro and yeah I didn't take into consideration the different types of metals. Seeing the US currency/whole system deflate = doesn't the US gold/silver aslo drop compared to the worlds other gold/silver per territory? < Fuck I'm confusing myself.

drew.clarke said:
It's not too late. Silver is far more volatile, i'd be looking at Gold for at least 75% of that sum. The way I see it is the only way the US can pay back its debt is to inflate its currency.

Right now i'm expecting a dip back to around $1750-1800oz, i'll be buying again.

I use Bullion Vault it's pretty easy to use, I also buy in the Swiss Vault.
Jim Sinclair interviewed by James Turk - YouTube
Click to expand...

* Looks more standard re vaults etc. - odd that Silver is only available from London right now through them..?

charlesmartel said:
Not too late. The US has about 5 to 10 years max before the debt bomb explodes. Apmex.com is good. I think they ship to Canada, too. Whatever you do, take physical possession.
Click to expand...

* Thanks looking at apmex now. Is $1750-$1800 that great a price compared to where it is right now ($1900+)?

Guess it would serve me best to find a Canuck that's doing this so I understand the cross currency/metal value shit a little better. Would be willing to even pay someone for a quick hour of straight info if avail.
 
The type of coin doesn't matter. It doesn't matter if its Candian or US (for the most part, sometimes premiums fluctuate based on the coin type). The price is based off the amount of gold or silver content in each coin. And Canadian Maple Leafs and US Eagles are both pretty much pure content for a good price. I only mention the type of coin for tax reasons. Certain coins can have different tax benefits but that really doesn't matter that much either, especially with 10k or less. For the most part you want the highest concentration of gold or silver content for the lowest price. US Eagles and Canadian Maple Leafs are both the two most popular. Both of these do gold and silver coins.

Another good video: http://goldsilver.com/video/what-to-buy/
And more good stuff: http://goldsilver.com/knowledge-center-all/videos/

Like others have said, I would take physical delivery and hold on to it. How you store it is up to you.

You then can sell it to any coin dealer in any country and you will get pretty much the spot price in that currency.
 
Benji49 said:
My gold guy is not looking at bullion now, even though he thinks it's going to $2k. He's looking at the junior gold producers who have gone nowhere in the last six months.

The first guy who can figure out why gold has gone up and why the producers have not (and when that is going to change) is going to make a killing.
Click to expand...

Please explain more. That sounds like it would be a better area to invest in (if you even can).
 
When you look at the price of gold in the last 10 years, can you really see it going down anytime soon?

gold-price-10-year-chart-nov-2010.png
 
If you have to ask, don't invest in commodities. Precious metals are highly speculative. Unless you know how to quantify risk, stay away.

You need to put that money in boring brown paper bag investments. Making a quick buck in the markets is a sure path to ruin.
 
I would buy GLD and SLV if you buy them through think or swim (which is now owned by ameritrade) then it cost $5 in and $5 out I'm pretty sure buying actual gold and silver will cost more getting in and out making it useless to do so unless you believe the world is going to end and fiat money is on its way out....

unless I am missing the reason as to why people buy in person.
 
jonas33h said:
I would buy GLD and SLV if you buy them through think or swim (which is now owned by ameritrade) then it cost $5 in and $5 out I'm pretty sure buying actual gold and silver will cost more getting in and out making it useless to do so unless you believe the world is going to end and fiat money is on its way out....

unless I am missing the reason as to why people buy in person.
Click to expand...

I don't think an end of the world situation will play out, but I do think the US dollar will go bust sometime in my lifetime and will be replaced by another fiat currency. I have no clue what that currency is or will be, but I'd bet you will be able to trade gold or sliver for it.
 
slayerment said:
The type of coin doesn't matter. It doesn't matter if its Candian or US (for the most part, sometimes premiums fluctuate based on the coin type). The price is based off the amount of gold or silver content in each coin. And Canadian Maple Leafs and US Eagles are both pretty much pure content for a good price. I only mention the type of coin for tax reasons. Certain coins can have different tax benefits but that really doesn't matter that much either, especially with 10k or less. For the most part you want the highest concentration of gold or silver content for the lowest price. US Eagles and Canadian Maple Leafs are both the two most popular. Both of these do gold and silver coins.

Another good video: What To Buy | GoldSilver.com
And more good stuff: Gold and Silver Videos | GoldSilver.com

Like others have said, I would take physical delivery and hold on to it. How you store it is up to you.

You then can sell it to any coin dealer in any country and you will get pretty much the spot price in that currency.
Click to expand...

Understood - awesome thanks for the links.

avatar33 said:
When you look at the price of gold in the last 10 years, can you really see it going down anytime soon?

gold-price-10-year-chart-nov-2010.png
Click to expand...

I feel a bit sketchy at buying it at almost 2Koz now but fuck that's what I said back in 2008 too :( - would have doubled already.

OrionSyndicate said:
If you have to ask, don't invest in commodities. Precious metals are highly speculative. Unless you know how to quantify risk, stay away.

You need to put that money in boring brown paper bag investments. Making a quick buck in the markets is a sure path to ruin.
Click to expand...

Meh, no risk no reward - Like I said I have to start somewhere and I doubt 20K in metals is going to ruin me - infact I might add a zero to my play if all goes well in time...

jonas33h said:
I would buy GLD and SLV if you buy them through think or swim (which is now owned by ameritrade) then it cost $5 in and $5 out I'm pretty sure buying actual gold and silver will cost more getting in and out making it useless to do so unless you believe the world is going to end and fiat money is on its way out....

unless I am missing the reason as to why people buy in person.
Click to expand...


I guess if you're constantly buying/selling than you'd want a vault/virtual immediate trading access etc. If you're going to simply hold onto it for the long-term it's wiser to actually have the tangibles in your hand re security or if the middle man goes under with your investment. At least that's what I'm getting from this so far.

Can I ask how many of you do the vault thing vs physical and why one is better than the other above and beyond what seems obvious?

Thanks guys awesome info already - jumping on phones to talk to a few places now and will report once I make an actual move for any other newbs to follow if they'd like. Would still love to see a few other providers to do this through if there are others you use/trust.
 
I own SLV and GLD and will own it until there is another escalator to ride even during buy and hold why spend more to get in and out if you don't have to..... I seriously believe that actually owning it is more about paranoia or ego boost not worth my money on both counts lol. I don't see the US dollar being replaced just because we are in a rough patch doesn't mean we won't dig our way out....

We went through a great depression and survived... why wouldn't we survive a recession?
 
I would invest in your own back yard. I was just up in Ontario and read that the oil and natural gas surpluses in Alberta are out of control. I would look into creative ways of investing in companies that are tied into those industries.
 
^ Good info.

Yes Edmonton is all about the oil right now I have a commercial real estate contact out there who does bonkers numbers due to the boom. I'm even more green when it comes to this kind of investing though and it requires much more upfront/risk imo. Thanks though will look into this again too.

I did a waterfront RE tour a few weekends ago and thought I 'might' find a wicked plot and or a dream home for my $ range and I'm not ready/won't settle for what we saw.. fucked having money sometimes and not knowing wtf to do with it/cold feet yet my banks and gov are loving me in the meantime - amirite? Those of you that invest large/make crazy returns do you remember the days when you had no f'n clue but you did have some money? Great problem to have but damn I realize how green I am to this side of making monies (I hated politics, economy, finance, and more as a kid/teen - now I find myself doing research on the most bizarre and seemingly uninteresting subjects to find the next nugget/move in life because I've over-exceeded my own expectations of success - funny how that goes - /end reflection).

Like in the IM world - can I ask for some 'my first sale' type of success stories? Have some of you made retarded returns over x days/weeks/years due to a hunch or great info on big risk? (Not asking for secretz - just a brief/some inspiration - the graph above is steady but looks like there were quite a few spikes/drops making room for wicked moves).

**Also saw a 'short gold' thread a while back - did that work??
 
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