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Best Way to Buy Gold

By: Chip Hanlon, Euro Pacific Capital, Inc.


-- Posted Friday, 5 November 2004 | Digg This ArticleDigg It!

With gold touching fresh, record highs Friday, many investors are interested in acquiring physical metal, especially if we’re seeing the start of the advance that will finally break gold out of its year-long trading range and into its next rising phase.

 

It is too bad that investors often find it daunting to actually buy physical metals.  Fortunately, there is a way to buy physical metals that’s simple, inexpensive and safe—the Perth Mint Certificate Program (PMCP).

 

With this one-of-a-kind investment, individuals can buy physical metals at the spot market price with a small, 2% service charge and store their metals FREE at this 105-year old government-backed facility.

 

Here’s how the Perth Mint Certificate Program (PMCP) answers the concerns most investors have about buying physical precious metals:

 

Transparent pricing -

Going down to the local coin dealer to buy gold coins poses one glaring question: how do you know you’re getting a fair price?  Heck, even the well-known Kitco website charges exorbitant mark-ups on the metals it sells.

 

Why wonder?  With the PMCP, you purchase your metals at the spot market asking price, a nearly round-the-clock global market for which quotes are readily available for all to see.  The only additional costs a 2% service charge and $50 dollar certificate fee—that’s it.

 

This program also offers access to most investors through its low minimum requirement: just $10,000 is all it takes to get started.

 

FREE Storage -

Here’s the part that prevents most investors from buying gold coins or bars: what do you do with the stuff once you buy it?  Rent a safe deposit box?  Dig a hole in the backyard?

 

Here’s where the PMCP delivers its knockout punch: FREE STORAGE. 

 

That’s right: choose this program’s unallocated bullion option and you can store your metal at the Mint for free indefinitely.   Should you wish to choose an allocated storage alternative, that choice is certainly available for a small additional charge.

 

Safety -

Every ounce you purchase, regardless of storage method, remains on the premises of the Mint at all times and cannot be loaned out.  Your gold is held on site at this AAA-rated government facility which, by the way, is also insured by Lloyd’s of London.

 

That insurance, however, is almost certainly unnecessary; unlike the U.S. Government, which has confiscated gold from its citizens once and many fear may do so again in a time of financial panic, Australia has no such history.  Indeed, it could not afford to do so because the mining industry is too vital a component of the Australian economy to disrupt in such a manner; this nation could ill afford to cause investors to lose faith in the security of gold.

 

Simplicity -

Here, too, the Perth Mint Certificate Program answers the challenge— the program’s short, 2-page application couldn’t be simpler… just complete that form, send it in and wire funds.  That’s it—placing your trade is then as easy as buying a stock: just call and tell your representative when to purchase on your behalf.

 

Selection -

Want to own your gold in an IRA?  How about a Trust account?  Even a corporation?  Perth Mint certificates can be held in these and many other types of investment accounts.

 

In addition, silver and platinum are also available.

 

Liquidity -

You may never need to take possession of the gold your purchase.  When it’s time to sell your metal, simply call your representative, instruct him to place the trade on your behalf, then redeem your certificate.  Sale proceeds are typically wired to you in a week or less.

 

If you do decide to take ownership of your coins or bars in the future, pay the shipping and the Mint will deliver them to you anywhere in the world!  As a participant in the PMCP, you can also present your certificate to the Mint and personally pick up your gold at any time.

 

Anonymity -

Part of the obvious attraction of the PMCP is the opportunity to move some capital off-shore.  What investors may also be pleasantly surprised to learn is that the Mint does not report to any U.S. Government agency; additionally, it is our opinion that the purchase of gold, silver or platinum through the Mint does not constitute a foreign account that must be reported under current disclosure rules (please check this with your tax consultant).

 

Transferability -

Although the program’s certificates are non-negotiable (for investor protection), they are transferable.  For a small administrative fee, an owner can change the title of these certificates at any time.

 

 

In conclusion, although we at Euro Pacific Capital are the exclusive dealers in all 50 states of the Perth Mint Certificate Program, we do offer an entire range of precious metals alternatives to our investors.  When it comes to the purchase of physical metals, however, this program trumps all others.

 

For more information, visit http://www.goldseek.com/Perth/.   Although quite simple, this concise website delivers all the information an investor needs to learn about investing in the PMCP. 

 

Transparent pricing, safety, low cost — these features and more represent why I believe the Perth Mint Certificate Program represents the best way to invest directly in physical precious metals.

 

Chip Hanlon

C.O.O./Chief Domestic Strategist

Euro Pacific Capital, Inc.


-- Posted Friday, 5 November 2004 | Digg This Article

- Peter Schiff C.E.O. and Chief Global Strategist


Euro Pacific Capital, Inc.
10 Corbin Drive, Suite B
Darien, Ct. 06840
800-727-7922
www.europac.net
schiff@europac.net


Mr. Schiff is one of the few non-biased investment advisors (not committed solely to the short side of the market) to have correctly called the current bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on the U.S. stock market, commodities, gold and the dollar, he is becoming increasingly more renowned. He has been quoted in many of the nation's leading newspapers, including The Wall Street Journal, Barron's, Investor's Business Daily, The Financial Times, The New York Times, The Los Angeles Times, The Washington Post, The Chicago Tribune, The Dallas Morning News, The Miami Herald, The San Francisco Chronicle, The Atlanta Journal-Constitution, The Arizona Republic, The Philadelphia Inquirer, and the Christian Science Monitor, and has appeared on CNBC, CNNfn., and Bloomberg. In addition, his views are frequently quoted locally in the Orange County Register.

Mr. Schiff began his investment career as a financial consultant with Shearson Lehman Brothers, after having earned a degree in finance and accounting from U.C. Berkley in 1987. A financial professional for seventeen years he joined Euro Pacific in 1996 and has served as its President since January 2000. An expert on money, economic theory, and international investing, he is a highly recommended broker by many of the nation's financial newsletters and advisory services.




 



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