-- Posted Friday, 3 June 2005 | Digg This Article
“Series 950”
June 3, 2005
This is the introductory piece in this series so I’d like to frame the ground rules. Peter Spina and I are going to be ramping up GoldSeek.com’s Precious Metals Vault (PMV) in the very near future. It is currently open, but we’re still kicking out a few of the online “bugs” and ironing out the kinks. I’d like to begin a series of articles that deal with precious metals, current events, and the global geopolitical situation. After all, they are all intertwined in one form or another. The primary rule of thumb will ultimately be to be of benefit to you dear reader.
I am not an investment advisor and will invoke all of the usual disclaimers that are to be found in the writings of practically all of the writers out there in financial land. It is getting bad in the sense that soon writers will be disclaiming that they know anything or endorse anything. The point is, always do your own due diligence and study hard. The markets never suffer fools lightly. I, like most of you, have taken my lumps and the best that can be said for all of us is to stand back up, dust ourselves off, and continue on with our journey. And of course, we never want to “break the bank” in any one transaction. “Slowly but surely” is a good motto to live by.
There will be times when I suggest different stocks, different newsletters, different ideas and even different web sites. Always remember to do your own due diligence and take no ones advice without feeling a total comfort level with the fact that you’ve done your own homework or due diligence as they say in these particular instances.
The ground rules are that these pieces will be limited to approximately 950 words and that I’ll endeavor to be as accurate as possible in my analysis of whatever subjects I’m covering. Often times, you’ll see that I might be opening the door for you, and then suggesting that you walk in and look around. You can open a lot of doors with 950 words, and that will be the idea!
There are two things that I’d request of you. First, I’d ask that you pass on some of this information to a friend as a good turn, and secondly I’d request that you give serious thought to the Precious Metals Vault when you are considering your next purchase of physical gold and or silver. You’ll be treated honestly and fairly and rest assured that we want you as a repeat customer. As importantly, you’ll find our prices extremely competitive as they say. We may not be the absolute “cheapest” but sometimes it is better to pay a tiny premium for service and for the idea of dealing with a real person and not a black box. After all, Who likes black boxes!?
There will soon come a time when gold and silver, having always been considered “real money”, will out of necessity, regain that title once again. We believe that day to be close at hand—in fact, very close.
Why only 950 words? Our busy lifestyles, individually and collectively, are the main reasons. These days less is more because everyone is just soooooo busy. If I can’t say it in 950 words (10% one way or the other?), then I think I’ll just have to break it down into separate parts or write a special!
Why Own Physical Gold and Silver?
1. Gold and Silver are “real” money. They are not someone else’s liability.
2. It is a great way to save. Consider a program where you purchase a little every month if possible.
3. It is insurance and as such should occupy an important and integral part of your portfolio; many say 10% of your assets should be in precious metals. In today’s financial environment, my own personal opinion runs to a larger percentage.
4. Both metals have an excellent chance to appreciate in value in the coming years due to the current financial environment in which we find ourselves.
5. They are assets to leave your family that have real value in the event Saint Peter decides he wants to meet you! Throughout history, “Paper Passes, Gold remains!” That my friends, is a truism.
A Few Points for Your Consideration
There is a big difference between owning gold and silver stocks and owning the actual physical metals. Please don’t equate them. You don’t need a broker to purchase gold and silver—you can do it yourself, but my one point of advice would be to deal with a trustworthy, established business. (GoldSeek.com has been in business for close to 10 years and our suppliers have been in business for more that 35 years!) The premiums are rather minimal. They are frequently around 5-7% of the total value of your purchase or sale. A $1,000 order should not cost you more than about $75.00 and that goes both ways—both buying and selling. Of course, you will usually need a salesperson to assist you in completing your order but remember that a sales person is different than a broker. Your privacy is assured as we will never sell or distribute your personal information in any way. We value our privacy; we value yours.
The PMV may start a program where it is possible for you to purchase smaller increments of the metals. However, if that is the case, the general rule is that commissions will be a bit higher. Our minimum order will be $500US. Remember that all orders will be insured.
Finally, we will not deal in numismatics which is an area better left to specialists. Unless you are one, stay far away from them. Numismatic coin collecting places a subjective value on the coin or item based upon its condition, its rarity, or the demand for it. Even experts can get “dinged” in this very inexact “science”! Stick to American Eagles, Canadian Maple Leafs and similar items along with quarter, half or full bags of 90% silver coins dated before 1964. They are easily recognizable and very liquid! Silver Rounds and 100 oz bars are available.
That’s 950 words on why you should own some gold and silver and we do look forward to hearing from you. Thank you for visiting us at GoldSeek.com, and we hope to see you back again soon.
D. Stewart Armstrong
GoldSeek.com PMV
-- Posted Friday, 3 June 2005 | Digg This Article
