The worst of the U.S. stock market decline in almost five years. Last week marked the S & P 500 fell last week steepest since September 2003 and it was a week of the worst for the Dow since March 2003, all of this just after I warned you over and over again here in the markets that U.S. markets head for sharp contraction. Record low in U.S. dollars. In terms of a Federal Reserve index of the trade weighted value of the dollar has made U.S. dollars, the lowest level of the recording. And the worst one-day decline in the bond market in three years.In short, the credit squeeze and the price of silver will go up because of the risk in the U.S. economy.
Just yesterday, we also see ... Oil prices soar above $ 78 Will not increase oil demand, which is not surprising that the U.S. remains strong. Mainly because of the growth was a record shattering of Asia, which is not likely to slow even as the U.S. economy turns south. Today I want to talk about gold as the most valuable asset you can own in times like these. In particular I want to tell you why ... This is a good time to own a small amount of physical gold. When turmoil hit the stock market bonds and currencies that are no substitute for owning some physical gold. The bull market in gold becauseeven like we have now is not all gold mining stocks or stock mutual funds, gold will thrive. Some people will get hurt are those who prevent risk or those who can not deliver gold to their customers quickly enough. There is also an exchange of money, there is one potential negative If the surge of gold ETF investors tried to take delivery of gold in exchange for their shares, paper money, some may find it difficult to meet that demand. I do not expect that to happen. But in this environment - where hedge funds are poor, mortgage banks are belly up, banks are faced with large earnings shortfalls - anything can happen.
The main advantage and the most obvious being a gold medalist, a physical rather than "fixed" the gold is that it your all, and obviously Plus, gold is widely regarded as anywhere in the world regardless of culture. language or local currency. You can convert it into goods and services anywhere in the world. I think everyone should put up to 3% of their net worth in physical gold. I will tell you that in a minute. And I will give you a list of three recommended dealers. Before I get into the specifics, some basic guidelines for ... Before the allocation of your portfolio. Do not go overboard as I just noted, I think, no more than 3% of your net worth will be enough to put into physical gold. This allocation gives you some insurance. It does not expose you to many risks. Secondly, you should generally avoid the rare coins. If you are an expert in this field, I highly recommend staying away from the rare coin market. Rare coins are more like investing in art rather than a financial guarantee. Thirdly, you have to understand the physical gold market. It is especially important that you know that you are buying pure gold. A soft metal, gold is alloyed with other metals to increase strength. That's why jewelry is often less than pure gold coins or bars, naturally, the more gold in a piece that has the more valuable it is.
For jewelry, gold purity is stated in carats. ("Cut" anywhere outside the U.S.) Coins Bullion, bars and bars with a purity of their precision as the percentage of gold content of .9999 pure (99.99%) Max. To get the true price of the gold content of coins, bars or the price per ounce multiplied by the decimal purity. For example, Hungarian 100 Korona contains 0.9802 ounces of pure gold - just under an ounce. Assuming that the sale price is $ 670 dollars. The actual price for gold is $ 656.74 ($ 670 multiplied by 0.9802). The difference between sale price and the actual value of gold content - in this case $ 13.36 - as part of the cost of production, processing and marketing, including Director of the dealer.
This difference is known as a "premium." Blatant pre-Yom 's usually expressed as a percentage that will make it easier to compare different styles of gold and the dollar. different rods and bars. Fourth, you also need to understand the storage problem. I recommend the program to store dealer information. Millions of dollars in investment funds have been lost in these programs. But despite the difficulties, I suggest you take possession of your gold and store it in a safe, secure, or better yet, your safe deposit box at your bank. Large amounts can be stored at the storage location information that is freely licensed by one of the exchange, such as the Delaware Depository. Now here's a favorite investment of physical gold. In the past I've shied away from the gold medal on the W's they were bigger than the premium gold bullion and bars. The premium of this narrow market gold dealers have become more competitive.
That said, here is a favorite of my investment in physical gold, in order of preference ... Kilo gold bars for large investors, the kilogram - or 32.15 an ounce - gold is still the best way to go.
1 -, 5 -, 10 grams and ounces, a stick: these are the best all-around investment in physical gold, in my opinion.and sales.
My favorite metal bands are refined by Pamp Suisse, and are available through most dealers. They come in sizes ranging from one gram per ounce. Gold bullion: bullion coins, most are available in sizes starting as small as 1 / 20 of an ounce, but a small part means that you will end up paying the premium for a higher overall gain, much less gold for your money. So I do not recommend fractional bullion coins, except perhaps as a gift
