#thriveorsurvive.
“Don’t wait. The time will never be just right” –Napoleon Hill
Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
Or simply reply to this article.
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#thriveorsurvive.
“Don’t wait. The time will never be just right” –Napoleon Hill
Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
Or simply reply to this article.
Phenomenal read. Highly respected, and will change the game for you.
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In the Red Corner – Gold Bullion vs. Certified Coins.
BY Mike Getlin | September 29 2011 1:18 PM
We gold bulls have been licking our wounds over the last few weeks. This summer’s intense upward price movement set the stage for major volatility on the precious metals markets, and long term gold investors are stuck riding out the storm, at least for the moment. Yesterday however, something was brought to my attention by someone out on our trading floor. One of his clients who bought a diversified investment grade coin position early in the month was actually dead even on his overall position. While gold had tumbled by over $300 per ounce, his coins had stayed right where they were showing him no loss whatsoever. Needless to say, this needs a bit of explaining.
Let’s take a look at gold’s correction versus the price movement in a variety of $20 Liberty certified coins. Gold closed at $1895 on September 6th. Over the course of the next 20 calendar days, it shed $297 to close at $1598 on September 26th. That is an overall correction of 18.58% in 14 trading days. The certified $20 Liberty coins fared much better. See the chart below for the comparison.
The major difference between raw gold bullion and certified coins is the premium (which is often significant) that the coins carry over the spot price of gold. For example, the $20 Liberty in Mint State 66 condition is a coin that sells for well above $15,000. Most investors look at that and wonder why in the world anyone would buy a one ounce coin for over 15 grand! Yet this month, the one who did would be laughing all the way to the bank while the rest of us dream longingly of weeks gone by and $1900 per ounce.
Now this is not to say we should all rush out and dump all our bullion in favor of certified coins. That said, there is clearly an advantage to be gained by owning some of these products that help insulate investors from these volatile markets. The real question is what causes certified coin premiums to change, and what place do these products have in a healthy and diversified gold portfolio.
The debate over whether to buy bullion or certified coins (also referred to as numismatics) has been raging for decades and will probably continue to produce spirited cocktail hour conversation for a long time to come. Some people swear by investment grade numismatics, while others think only a fool would buy anything other than bullion. So who’s right? Both of course. As with most arguments like this, there is a lot of truth to both sides, and each strategy has significant advantages and disadvantages.
On the bullion side, the main argument against certified coins is that they are too expensive. Why pay $3000 per ounce or more for a gold coin when you could buy a Gold Eagle or a bar for $1800? The premium, as well as the dealer’s bid/ask spread is much higher on certified coins as they are more difficult to source and procure. The other argument against them is they tend to move more slowly than bullion coins. For investors who need instant liquidity, or are trying to pop in and out of the markets with some frequency, certified coins present some major drawbacks.
In contrast, numismatists (people who study coins) never forget one simple fact: value comes from scarcity. If you purchase a gold bar this year and sell it in 2015, there will have been millions upon millions more produced and sold between now and then. If you purchase a certified $20 Liberty, you can sleep well at night knowing that never again will a single $20 Liberty coin be produced. It’s hardly even a question of supply and demand, because there really is no supply. Thus when you look at the $20 Liberty MS66 in the graph above, you see it actually increase in value during gold’s worst month in 20 + years. The premiums on certified coins can move quite independently from the gold market and often times increase when gold goes down. This provides strong buoyancy during gold market corrections; something a lot of gold buyers would have loved over the last few weeks.
All in all, there is no real “right” answer as to whether investors are better off with bullion or certified coins. As such, we’re strong believers in owning both. Ideally, a healthy gold portfolio would have both bullion and certified coins. The bullion will move more quickly, provide more gold per dollar invested, and can be bought and sold at lower margins. The certified coins may have higher long term profit potential, benefit from strong demand and scarcity, and can provide stability in a gold market that is likely to become increasingly volatile in the coming years. As with most arguments, the best answer probably borrows a bit from both sides. As with most investments, the best strategy is probably a diversified one.
We’re Going Over the Cliff, Ready?
So the Great Recession is on and by most accounts raging.
What’s next. Some say food shortages. I’m not sure but I know we all need a plan.
Are you ready?
Step 1: Take a fiscal inventory.
Everyone needs to know where they are at.
Get out a pen and a pad and write out all the debt you have and add it all up.
Next see what you make. Look at your last stub for the year and see what you made after taxes for that pay period and the year as a whole.
Your next step is to see what you spend on living expenses. Don’t include your discretionary spending. List that separately.
Once you have all these numbers worked out sit back and look at them. See if you are being foolish or fiscally fervent aka spending correctly. I’m not saying don’t have fun, just budget it in. Don’t be that guy we all know who spends all that’s left after paying his bills and saving that paltry 25 bucks a month. The odds are if you’re that guy you probably transfer that money back to your checking the day after the bank transfers it. Sounds slick to the spender, sounds like slavery to the fiscally efficient.
You have to make a choice. Decide where your values and dreams lie.
Money isn’t everything but poverty sucks. More to the point security is a better feeling and longer lasting. Anyone reading this blog on a smartphone has disposable income. The question I ask you is why dispose of it?
Step 2: Invest, save, or make more.
If you haven’t wandered away yet you probably have found at least a kernel of truth in my words. As someone who was quite the fiduciary fool in days not too far past I learned my lesson the hard way. If I could impart any wisdom it would simply be have a strategy. Let your money make money. And a favorite quote many haven’t heard: Pay you first.. Every dollar should be viewed as a soldier to get you ahead not a party animal to get you a good time with. You can easily invest in something. Not sure? Get an advisor- but do your homework. Many will have you invest in what pays them the greater commission. I personally use forms of life insurance and physical silver currently as my vehicles to grow my wealth. For me it works. For you it may not. But the silver I collect, especially the numsimatic coins, are pretty cool. These graded, sealed .999 silver coins look good and appreciate well. They are my favorite. Junk silver is pretty cool as well but we will get into that in a later article.
Next I say save a few bucks in saving. Start at 3% of every checks take home. It isn’t much but it will work. Look into what tax advantageous plans your job may offer or even your state.
When else else fails, and when it all works-
WORK MORE. there is no harm in earning extra cash. Blog for money, work security, anything. Heck see if you can work at The Gap. I worked there on and off for years and I not only got a good check and good hours I augmented my wardrobe and saved a lot on gifts for others.
Find the mode that fits you but be ready for the fiscal cliff. Even if I’m wrong deflation or inflation are on the horizons. And let’s say I’m wrong across the board- isn’t more money going to benefit you in the long run?
Heck it’ll benefit all of us today.
#thriveorsurvive.
“Every problem has in it the seeds of its own solution. If you don’t have any problems, you don’t get any seeds.” ~ Norman Vincent Peale
“Really great people make you feel that you, too, can become great.” ~ Mark Twain
Life is like a photography, we develop from the negatives.
Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.
Is Silver your Financial Safe Haven?
At first look, most of us would say that the price of gold increased from $20 to $1600/ounce. However this is not accurate. Gold actually still buys the same amount of goods and services that it did in 1933. Gold has basically stayed constant. The dollar’s value fell by a factor of 50- so that it takes 50 times more paper dollars to buy the same amount of goods and services than it did in 1933 (See the price of gas since 2002 alone). Looking forward, we must consider whether the dollar will buy more or less in 10, 20, or even 30 years. The gold you have today will allow you to buy the same amount of goods and services that your money will buy today, 10, 20, or 30 years from now. Viewed from this angle, gold and silver are a way of preserving your wealth. They are a type of wealth insurance.
Many Europeans have long-held 10-20% of their net worth in precious metals for this very purpose. They have a history rich in tragedy: hyperinflation, government changes, borders that have moved and two world wars. Gold’s durability has served them quite well through all sorts of political unrest. In fact, it is perhaps the only constant in a world subject to change.
As gold and precious metals are priced and traded in US dollars, they surge in value when the US dollar declines. As the fed prints trillions in new money, the dollar and basically all other currencies will fall precipitously relative to gold. In an environment where the dollar is already weak and many currencies are weaker, investors that wish to keep and grow their wealth (duh, who doesn’t?) must understand the impact of declining currencies on their portfolios.
The US and Canadian dollars have lost approximately 84 percent of their purchasing power since 1970! Most other currencies across the globe have fared no better. Not coincidentally, 1971 was the year the link to the gold standard was cut via President Nixon et al. Only gold, and its two precious metals brethren -silver and platinum- are able to hold their respective values in periods of severe inflation and deflation.
Both Gold and silver benefit from negative economic policies, political tensions, and monetary conditions contribute to a rise of their prices. For this reason gold has always been referred to as the “crisis commodity” and why investors are buying all the gold they can afford. And the same may be said for silver.
The below trends weaken stocks and other paper investments and cause the price of gold and silver to rise:
War
Inflation
High Oil Prices
Weakness in the U.S. dollar
Budget Deficits
Stock & Bond Market Turmoil
Bank Failures
Loan Defaults
This being said is it any wonder people are buying gold as fast as they can? Every time it drops a 100 dollars people buy asap. Are you following that trend? If so you are smart.
However the trend in silver is the same and gains can be realized faster.
For the sake of discussion lets assume gold is 1600 dollars an ounce and silver is 30 dollars an ounce. Gold is seen as the big boy in the group but silver affords the real opportunity to max out your portfolio. For every 1 ounce of gold you can buy53+ ounces of silver. Now you might say the dollar value is the same but silver is slept on my friends. It is used in almost every electronic in your house. Also in my opinion silver is the sleeper buy. it will rise faster when the ‘isht’ really hits the fan. But lets talk turkey- I can’t afford to buy gold at these prices, who can? However we can all afford to buy silver. it is even sold in half ounces and quarter ounces.with these small denominations possible for purchase I would argue that we all have a chance to build wealth and create our own hedges against inflation. after all do you work 35-40 hours a week to just hand it all over to the government, the corner store, cable and the rest of the creature comfort providers? I’d bet not So lets work the legal methodologies provided us by the system.
#thriveorsurvive.
“Gold is the wealth of kings……
Silver is the wealth of gentlemen……
Barter is the wealth of peasants……
Debt is the wealth slaves!!!!!”
-Norm Franz.
Thoughts? Concerns?
Questions? Think I’m wrong?
Let’s chat.
Need ideas?
Want to learn how to invite?
Let’s chat.
Want a mentor or maybe the guy who will bounce ideas back and forth with you?
Let’s chat-
Tony@Changeinadvance.com
@changeinadvance
http://www.changeinadvance.com
Or simply reply to this article.
HOW-TO-GET-FREE-SILVER
Now this rocks! A quick post with an included link to get free silver.
I personally invest in silver and always wanted tangible wealth. As a kid I collected coins- nothing valuable just a notion. When I moved out and got married I realized I wanted a safe haven for my income. Robert Kiyosaki spoke on wealth and the lost value of a dollar and it resonated with me.
Since the 60’s folks the dollars’ purchasing power has been decimated. I wont point fingers or place blame. I just want to be wealthy and comfortable as I’m sure you my readers do too. And while the dollar plummets silver is on the rise.
So how do you get your free silver?
Easy.You can enter here.
Name. Email. That’s it. It has a spot for your phone number but it’s not mandatory. The winner does get called though.
-Do you have to buy anything? NO.
-Any costs? – nope.
The most you may be asked is for a testimonial.
If you like the page and feel it is a high converter, and decide you want one- lets talk. Email me @ tony@changeinadvance.com
Where do you enter again? You can enter here.
#thriveorsurvive
Gone but never to be forgotten, Zig Ziglar passed on November 28th, 2012.
An entrepreneurial phenomenon who went on to become a motivational speaker and trainer, Zig set ablaze the minds and hearts of myriad people.
Below is a short collection of some of the favorites we’ve seen out there.
10) “Remember that failure is an event, not a person.”
9) “You will get all you want in life, if you help enough other people get what they want.”
8 ) “People often say motivation doesn’t last. Neither does bathing—that’s why we recommend it daily.”
7) “There has never been a statue erected to honor a critic.”
6) “People don’t buy for logical reasons. They buy for emotional reasons.”
5) “Expect the best. Prepare for the worst. Capitalize on what comes.”
4) “If you go looking for a friend, you’re going to find they’re scarce. If you go out to be a friend, you’ll find them everywhere.”
3) “A goal properly set is halfway reached.”
2) “Your attitude, not your aptitude, will determine your altitude.”
1) “If you can dream it, you can achieve it.”
HOW-TO-GET-FREE-SILVER
Now this rocks! A quick post with an included link to get free silver.
I personally invest in silver and always wanted tangible wealth. As a kid I collected coins- nothing valuable just a notion. When I moved out and got married I realized I wanted a safe haven for my income. Robert Kiyosaki spoke on wealth and the lost value of a dollar and it resonated with me.
Since the 60’s folks the dollars’ purchasing power has been decimated. I wont point fingers or place blame. I just want to be wealthy and comfortable as I’m sure you my readers do too. And while the dollar plummets silver is on the rise.
So how do you get your free silver?
Easy.You can enter here.
Name. Email. That’s it. It has a spot for your phone number but it’s not mandatory. The winner does get called though.
-Do you have to buy anything? NO.
-Any costs? – nope.
The most you may be asked is for a testimonial.
If you like the page and feel it is a high converter, and decide you want one- lets talk. Email me @ tony@changeinadvance.com
Where do you enter again? You can enter here.
#thriveorsurvive
Changeinadvance 