Friday, March 30, 2012

Four Reasons Why You Should Invest in Gold & Silver


Within the next decade, many financial experts predict that the U.S. dollar will more than likely lose all of its purchasing power. Millions of Americans that currently depend on programs such as Social Security and unemployment benefits will experience a rude awakening. These government entitlement programs are on the verge of vanishing.

Unfortunately, the wealth of many Americans will be virtually wiped out within the next few years. However, there will be a small majority of people who will become wealthy by investing in precious metals, such as gold and silver.  Here are a few benefits of investing in gold and silver:

1. Precious metals can be easily liquefied.

Regardless of whether you have a silver or gold coin collection (or both); you can convert it into cash very quickly.

2. Silver and Gold are secure investments.

Over the past few years, stocks, bonds and other financial products have proven to be very risky investments. Unlike these investment products, gold and silver are tangible items. You can’t hold and feel the value of a company’s shares of stock.

When it comes to precious metals, you cannot create ‘more’ like you can with financial products because there is a fixed supply.  A gold and silver collection has added value because the personal worth of a collection can be determined by its rarity, age, condition and the coin's metal content.

3. Precious Metals offer an assortment of ways to invest.

You can choose to collect proof coins, gold, silver or even American eagle proof coins – it’s all up to you.

4. You don't have to be a savvy investor.

Investing in precious metals doesn't require extensive financial knowledge. All it takes is a little planning and research. Regardless of your age, investing in gold and silver is a wise investment.


For Best Results - Diversify Your Investments

Any good financial adviser will recommend diversifying your investments. For best results, you should have a mixture of gold or silver in your portfolio. When you diversify your investments, it will make your portfolio a lot stronger in the long run. Most of all, when you invest in precious metals, you're preserving your wealth and financial future.


Do you want more information or have questions about investing in gold and silver? Feel free to contact me at blakepollack@gmail.com.

Tuesday, February 28, 2012

Gold & Silver Are Soaring in 2012


Gold and silver is paving the way for economic change. As the U.S. dollar continues to dwindle, gold and silver are finishing strong. Gold for April delivery rose to 0.9 per cent (or $15), to settle at $1,786.30 a troy ounce.  Precious metals are souring, even in a bad economy, thanks to Greece.  During this past week, Greece reached a budget deal that will provide much needed financial support from their international creditors. This will ease up some of the pressure on the euro.

Due to the declining U.S. dollar, this will make precious metals seem cheaper for gold buyers who use other types of currencies. Another reason why precious metals are doing so well is because gold and the currency are directly linked because many investors purchase gold to protect against inconsistency in the dollar.  According to commodities analyst, Ira Epstein, when Europe decided that they were going to keep Greece thriving with the printing presses, that’s what “got gold going”.

A few investors predict that the European Central Bank will continue to boost the currency union’s debt strained members by amplifying its balance sheet in order to help relieve the credit crunch.  As far as silver is concerned, it gained a total of 27 per cent.  For March deliver, silver increased 3.8 per cent to settle at $US35.556 a troy ounce.

Why is ‘Now’ the Time to Invest in Precious Metals?

Remember back in October of 2011 I mentioned, in one of my blog posts, that you can't go wrong when investing in precious metals?  I also stated that precious metals will rise to $2,300 an ounce by the end of 2012, according to some analysts. Well, it is only February and precious metals are hitting an all time time as the dollar continues to slip.  If you’ve been contemplating whether or not you should invest in precious metals, let the latest increase speak for itself.

Getting Started with Investing in Gold and Silver

As you know, 401(k) and social security are all on life support. For example, in Albany, NY, Governor Cuomo is thinking about dropping the 401(k) option for incoming public workers. He also wants to increase the minimum retirement age for public workers. So, they will have to work extra years in order to become eligible to for their retirement pension. His proposal will also prevent workers from stuffing up pensions with "excessive overtime".  If Cuomo is doing this in New York others will more than likely to follow suit. 

Let’s be realistic,  if your ultimate goal is to secure your financial future, any smart investor can see that gold and silver rule.

To find out more information about investing in gold and silver, contact me at: blakepollack@gmail.com.

Monday, February 6, 2012

Top 5 Advantages of American Eagle Proof Coins

Investing in gold and silver American Eagle proof coins offers an assortment of benefits. For instance, the value of proof coins increases but not just on the spot price.  Proof coins are also known to have collector value because they are minted in less quantity and a different minting process.  Perfect example, last week the spot price of silver dropped but the price of silver eagle proofs went up because the mint ran out of proof coins.  Although investors may have lost money on regular silver eagles, silver eagle proof owners made a profit.

Another advantage of investing on gold and silver coins is that it does quite well against inflation.  Proof coins have always been an excellent investment regardless of whether inflation is helping or hurting the stock market.  

Here are a few benefits of investing in gold and silver American Eagle proof coins:

Diminishing Supply

Unlike other investments such as stocks, increase in demand makes the price increase of coins inevitable. In other words, the supply of coins will never be increased to meet the new demand. It can only be satisfied with higher rates.  Best of all, a limited supply of coins actually decreases the downside risk.

Proof Coins are Liquid

What is the advantage of investing in coins when it comes to liquidity?  When you’re ready to sell your coins, you receive payment much faster than other investments such as stocks.

Anonymity

One major advantage of investing in coins is that the investor is not required to file any kind of government reports. So, you can remain an anonymous investor.

Excellent Tax Terms

With gold and silver coins, you don’t have to worry about shelling out extra money for taxes.  The only time you’re required to pay any kind of tax is when you sell your coins.


Proof Coins are Affordable

When compared to other investments such as real estate, you can invest in coins regardless of what your coin investment budget is.  Investments such as real estate demand an extremely large sum of money.

If you’re thinking about investing in the proof coin market, the five benefits above can be a great help in making your decision.  There’s no question, proof coins are considered an excellent addition to an investment portfolio. 

Do you want more information or have questions about investing in gold and silver? Feel free to contact me at blakepollack@gmail.com.