Your Questions About Invest In Gold Bullion

George asks…

Can I melt gold flakes/nuggets? then mold them?

I am investing in gold(small quantities) and may acquire a lot of gold “nuggets” or vials of gold “flakes”. I believe it maybe bullion gold. or whatever type of gold that is found in california/canadian and alaskan mines. Can I melt them and mold them into one bar? should I just buy bars elsewhere?

The reason I ask, is cause I am looking to save some money by buying large quantities of nuggets/flakes from second-hand gold sellers.
Any ideas, thoughts, opinions would be greatly appreciated. thanks!
I AM BUYING NUGGETS. ABOUT 5 GRAMS WORTH. Can I smelt/mold the nuggets together?

financi4 answers:

Take this the right way, but you don’t know what you are doing. You would be better buying gold and silver jewelry that no one wants and melting them down. BUT you have to know the difference between gold , gold filled, gold plated. Even if a bracelet for example says 14k gold on the clasp. The clasp could be solid 14 k gold, but the bracelet could be gold flashed or plated.

You can smelt gold down if you want, but do you know what the different carrots are of the flakes? Are the flakes real? Fools gold sure looks real, but it isn’t gold. Good luck.

Richard asks…

Should I buy Gold/Silver bullion now?

I am looking to invest in something. I am thinking about gold and silver. I am wondering if it would be a good long term investment (1-5yrs). Do you think that silver and gold will go up? Will one go up more than the other? I would like to know about when and what to buy. Are coins or bars better? Any information/advice is greatly appreciated.

financi4 answers:

Investing in Silver and Gold is something I think every investor should do. If you follow it on a semi-regular basis, it can help you learn how the markets move in general. Both metals are kind of stuck right now in their trading ranges, I actually expect the price to fall further in the near future, that includes the rest of the market as well. The best place for your money in the next month or so is to keep it on the sidelines.

Investors who want to invest in gold and silver should only start out with 5% to 15% of their portfolio in the precious metals. As for the future of gold and silver prices, ultimately they will go up, silver will multiply more than gold, so silver would be the better investment to increase your money. Gold is better for preserving value and wealth.

John asks…

When investing is it better to trade short or hold long with respect to holding gold?

I have a gold bullion account and am a novice investor. Is it more sensible to try and make money on the swings in the market, or would it be better just to hold your position and wait (in the hope that gold will continue stay above inflation and the debasement aof our currencies)?

I have been advised to buy in the dips and sell at the peaks- which is almost impossible to forsee- do any of you have any experience in the markets or advice on any of this?
Thanks in advance.

financi4 answers:

Great answers already…

Market Timing is a losers game.

If you are in a wealth protection stage of your life Gold is a great asset to round out your portfolio. But actively trading it can be very risky.

80% of mutual fund manager cant beat the market…so if you create a balanced portfolio and re-balance once a year you will beat 80% of mutual fund managers.

Daniel asks…

is it best to buy silver bullion or coins?

I don’t know any thing about buying silver or gold. I was wondering what would be the best to buy? I have 4 American Eagles. I was wondering too if that was a good way to invest in gold. I really don’t know. I took my CD money and bought American Eagles. With what I have left over I would like to get some silver.

financi4 answers:

Below are some other ways to buy silver

1. Morgan Silver Dollars

The Morgan Silver Dollars are by far the most widely collected United States Coin. The dollars which are 90% silver and contain nearly an ounce of the precious metal were struck from1878 to 1904 and then in 1921, were produced in the hundreds of millions far more than ever needed for the time period.

2. American Silver Eagle

The American Silver Eagles have been the official Silver coin of the United States since 1986. The demand for these coins has increased significantly in the last few years. These 1 ounce .9993 Silver coins not only hold silver value but a collector value as well.

3. Junk Silver

Junk silver refers to coins with 90% silver and 10% copper content. Because junk silver coins have value as bullion, legal tender, and at times as collectibles, pre-1965 silver coinage really is an excellent value for anybody wanting to keep some silver stocked away.

4. Silver Art Bars

Silver Art Bars are usually .999 pure silver bars sold in 1 thru 100oz increments the minimum value of the silver art bar is its raw silver value (the current melt price). The Silver Art Bars also carry additional value depending on the rarity of the silver art bar and its popularity within the collecting community.

5. Silver Rounds

Silver round are coin-shaped .999 pure silver bullion made by private mints not backed by any government for the purpose of silver collecting and investment. They are basically the same as the silver art bars as far as having both silver and collection value.

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Your Questions About Stocks And Bonds For Kids

Charles asks…

getting married to a divorced father of a 8yr old need some legal advice?

getting married soon to a wonderful man but he has a money loving exwife with his child so i need some help.we live in new york state.how can we make sure all his policies are up to date?does he need a will or if my name is on everything is that good enough?i have alot of money in stocks/bonds so do i need to do anything to protect that?can anyone tell me what other stuff we need to do when marrying a man with a crazy exwife(with a kid) who is out for every penny she can get?what do i need to do to protect myself and future children?

financi4 answers:

If you have stocks and bonds I suggest you get a prenuptial agreement because once your married your income can be counted as his also and that means his child support payments will go up, according to your combined income together. Just explain this to him and I sure that he will be more than willing to sign one.

David asks…

How can i tell my ex-girlfriend NOT to come back to my house because she is pregnant with another guys baby?

So she broke up with me and its been about a year now. I gave her a very nice life when she lived with me in my house. She didn’t have to work, just keep the house clean as this was her choice, she could of work also but i gave her the option to do what she wanted. I worked (my own business) and made enough for us to live very good and have made over 1 million dollars from stocks and bonds and i took care of the bills and our two cars. I have a house in Los Angeles. Well she and her girlfriends went out to a bar while i was at work and she met a guy who just got out a divorce with 3 kids. She ended up breaking up with me and moved with him to San Francisco. There was no phone call or sit-down conversation or anything explaining why she left. She just came home one day and said she was leaving me. Well monday she called saying that she was pregnant (we haven’t spoke in 6 months). I was like umm congrats but i have to go now. She started crying and said she needs my help? I was like umm come again? She said her boyfriend was going to prison because sunday he got CAUGHT selling hardcore drugs to undercover cops and he is facing 5 years in prison (2nd offense) because of the load of drugs they found on his car. She is crying for me to let her come back and live the nice life she took for granted and acourse we all know girls like the badboys until he is to bad and then they always come back to the nice-guys as an second option when things dont work out with the badboy. I know this isn’t my baby because she never wanted to have sex with me and every-time i tried she would push me away but then she goes out and meet this guy and ended up having sex with him that week? Oh-well i guess that’s just another rule on why nice guys shouldn’t be nice guys. She said she is coming down this weekend and i told her NO GO TO A SHELTER OR PARENTS HOUSE! But if she does come where can i direct her to because she sure aint staying with me again?

financi4 answers:

Hang a note on the door with contact information for local cabs and hotels, lock up, and make yourself scarce.

Ken asks…

How can i tell my ex-girlfriend NOT to come back to my house because she is pregnant with another guys baby?

So she broke up with me and its been about a year now. I gave her a very nice life when she lived with me for 2 years in my house. She didn’t have to work, just keep the house clean as this was her choice, she could of work also but i gave her the option to do what she wanted. I worked (my own business) and made enough for us to live very good and have made over 1 million dollars from stocks and bonds and i took care of the bills and our two cars. Were were not married but getting there. I have a house in Los Angeles. Well she and her girlfriends went out to a bar while i was at work and she met a guy who just got out a divorce with 3 kids. She ended up breaking up with me and moved with him to San Francisco. There was no phone call or sit-down conversation or anything explaining why she left. She just came home one day and said she was leaving me. Well monday she called saying that she was pregnant (we haven’t spoke in 6 months). I was like umm congrats but i have to go now. She started crying and said i need your help? I was like umm come again? She said her boyfriend was going to prison because sunday he got CAUGHT selling hardcore drugs to undercover cops and he is facing 5 years in prison (2nd offense) because of the load of drugs they found on his car. She is crying for me to let her come back and live the nice life she took for granted and acourse we all know girls like the badboys until he is to bad and then they always come back to the nice-guys as an second option when things dont work out with the badboy. She said she is coming down this weekend and i told her NO GO TO A SHELTER OR PARENTS HOUSE! But if she does come where can i direct her to because she sure aint staying with me again?

financi4 answers:

Unfortunately for her, you are going to put up with her crap again. I suggest, like you said directing her to her parents house or a shelter. If she does not leave and gets mad at you, simply call the police, tell her you shouldn’t of left me for an idiot, you screwed up and its your fault not mine, reality check.

Daniel asks…

If I die is my EX wife entitled to sue my current wife for Money or Possessions?

I have been married to my current wife for 3 years. We have a two year old child together. I have 2 sons from a previous marriage. They are 5 and 12.

I want to make a Will out and I am just wondering if the ex is entitled to anything on my kids behalf.

I don’t really have many possessions. We own one vehicle. We don’t own a home or any stocks or bonds or anything like that. I have no savings account.

I do have an action figure collection that my wife and I share. It does have some value.

I do have a life insurance policy through my job. And I do have a retirement fund.

I have made it so my sons will recieve money from my job if I am killed in the line of duty. I am more concerned that the ex would try to sue my wife for our vehicle and toy collection.

financi4 answers:

If there isn’t a will she can sue for whatever. (money wise… Not possessions)

If there is a will she can sue only if you owe her back child support.

Both women would quailify to collect from social security… The Ex will get more becuase she has 2 children vs the 1 your current wife has.

On a side note, you should make sure that all your children recieve something personal from you… Regardless of how the adults in the picture feel about each other. Even if all you do is write a letter for each of them, just to let them all know that you loved them.

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Your Questions About Invest In Gold Stock

Paul asks…

how to invest in Gold in the form of an equity stock?

Are there any exchange-traded stocks whose prices strictly follow the price of Gold?

financi4 answers:

Yes, there are several gold ETF’s. IAU and GLD are two of them that can be traded as you trade equities. You can even use limit orders on them. Just watch the expense ratio. For more information, go to the AMEX web site and look for ETF.

The alternative is to buy a stock of a gold mining company. There are literally dozens of them, some of the more popular ones being RGLD, ASA, NEM, AUY, GG.

Steven asks…

Is this a good time to invest in Gold producers stocks?

financi4 answers:

That depends on whether you think we will get inflation or deflation. I think we will get the latter. As a result of my bias, it is very easy for me to find evidence of this:
– house prices still falling
– gas prices are coming down, even during the peak driving season
– savings rate is up

Here’s a deflation sign that the mai nstream news competely missed: in current dollar value (not accounting for inflation/deflation), the GDP actually dropped *more* than expected. The better than expected real GDP number was a result of lower than expected inflation: almost 0, actually.

Http://biz.yahoo.com/c/ec/200931.html
Expectations: -1.5% real GDP + 1.0% chain deflator =
-0.5% current dollar GDP

Actual: -1% real GDP + 0.2% chain deflator =
-0.8% current dollar GDP

This is akin to your salary dropping more than you expected, but your buying power dropped less than you expected because prices rose less than you thouhgt they would.

So my opinion is that this is a good time to SELL gold. We’ll see if the stock market can stay up through the Fall.

Mark asks…

What is the best way to buy gold – etfs or physical gold? Also need info on ETFs…?

I am strongly considering investing in gold. But from what I see on here some people on here recommend buying ETFs and some seem to think physical gold is at least okay. Also, is an ETF like a share of gold stock. Please tell me more about ETFs and how they are traded. For all of the above please provide sources and or your credentials below your answer.

financi4 answers:

Gold ETFs: you trade them like funds or stocks. Pros: fast trading, low premium over the actual gold value. Drawbacks: quality of the management matters, fees vary, you really need to read the prospectus (e.g. Some ETFs lease gold to 3rd parties – i.e. The gold is physically not really there), it may not be backed 100% by gold but just 90%, etc.. It really depends -> prospectus and a lot of research. But, gold ETF is taxed as a mutual fund, which can result in slightly lower capital gain tax than physical gold..

Physical gold: you pay a premium (usually $50-70 over spot with 1 ounce coins). But then, you also get the premium back (partly) when selling gold (even if you sell on ebay, you still get more than the spot price – check out http://www.goldprice.org/ebay-gold-prices/). Pros: You hold the physical and you know it’s 100% there, in any type of meltdown. Govt doesn’t need to know you have them or you sold them (purchases under $10,000 or sales up to 25 ounces don’t have to be reported) -> consider capital gains tax. If you buy from BBB A rated dealers you can be sure it’s genuine. Drawbacks: you need a safe place (safe at home or safe deposit $100-300/year), shipping cost when buying online ($30-50). If you believe there may be a serious market crash (exchanges may be down and ETFs not tradeable), this is the better option.

Allocated gold: this is a compromise between an ETF and physical gold. You are a partial owner of a standard 400oz gold bar. The total cost of gold ownership about the same or lower as ETFs. Gold is held as bailment, i.e. You really hold title to it. Only two companies offer this so far: BullionVault and GoldMoney. Pros 24/7/365 instant transactions, low cost, gold is 100% physically there unlike many ETFs. Drawbacks: possibly higher taxation than ETFs or coins..

All in all, my favorite would be probably gold coins (and silver coins too > gold to silver ratio tends to get narrower in crisis times so silver may appreciate more if the dollar hits the fan, plus silver is much more practical – 1oz coin is worth only $20 so you can actually effectively use it for daily transactions etc..) .. But that’s my opinion. I’m very conservative and don’t trust the management of most funds.

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Your Questions About Investing

Richard asks…

What has been your experience investing in Tax lien certificates?

My husband and I have been purchasing tax lien certificates in Florida and I would like to know if anyone out there has experience investing in other states and what that experience was like. We are planning on investing in other states but would like to know the best ones with the highest interest and least amount of redemption period. Thanks for your input!

financi4 answers:

Most people think they are getting an equitable and forecloseable interest in the property instead of an instrument bearing interest ion payment if it ever happens.

A risk like any other investrment

Chris asks…

How do you start smart investing in stocks?

I was told to do stock options over investing in stocks? Yet,I find the risk factor is too high in options. So I rather invest more in stocks and see what type of outcome manifests itself. What would be the first step? Besides going on these sights like Etrade etc. Is wall street still open for the little guy? Please help!!!

financi4 answers:

The first step is to educate yourself. There are many books on investing (Investing for Dummies?), and many, many online sites that can help. Every major investment company has a web site with educational info (Schwb, Vanguard, Fidelity, T Rowe Price). Also every mutual fund company. Most novice investors start with money markets and mutual funds. See Morningstar.com for info and fund evaluations.

You need to understand a) the risk of whatever you invest in. There are different kinds of risk, and EVERY investment has SOME kind of risk, even Treasuries.
B) how the investment works: will it produce interest income, dividend income, capital gains, tax writeoffs? How valuable each of these is to you depends in part on your tax bracket and what your goals are (how far along in life you are–are you investing shortterm and need money in x years or months, or are you investing for your children’s education or for your own retirement?) Don’t invest in anything you don’t understand!
C) if someone is selling this product to you, what is their commission? Some products cost 7% upfront. This reduces the amount that is actually invested. If you are buying online, what is the per-trade commission? Are cheap commissions important to you, or is it more important to have a person you can talk to and ask questions of? This will determine WHO you invest with.

Here’s a web site with lots of info:
http://www.investopedia.com/terms/i/investmentpyramid.asp

And here’s a picture of the “investment risk pyramid”, showing least risky investments, going up to the most risky investments.
Http://i.investopedia.com/inv/articles/site/investment_pyramid.gif

Good luck to you!

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Your Questions About Which Of The Following Is Not A Part Of Comprehensive Income

Joseph asks…

Can you review my answers Accounting Please Thank in advance…?

which of the following is not a part of comprehensive income? is it b
a. foreign currency items
b. restricting charges
c. unrealized gains and loses
d. pension liability adjustments

which of the following is a none cash investing and financing activity (is it D )
a payment of a cash dividend
b.payment of a six month note payable
c.purchase of merchandise inventory on account
d.issuance of common stock

the statement of cash flows may be issued by management to ( is it A )
a. assess to asses liquidity
b. assess the major policy decision involving investment and financing
c.determine a dividend policy
d.do all the above

Which of the following should be deducted form net income in calculating net cash flow from operating activities using in the direct method ( is it B)

a. depreciation expense
b. amortization premium on bond payable
c. a loss on the sale of equipment
d.dividends declared and paid

On the statement of cash flows the cash flows from operating activities section would include IS IT (B?)
a. receipts from the issuance of capital stock
b. payment for interest on short term notes payable
c. payments for the acquisition of investments
d. payments for cash dividends

financi4 answers:

Here’s my best guess:

which of the following is not a part of comprehensive income?
B. Restricting charges

which of the following is a not a cash investing and financing activity
b.payment of a six month note payable

the statement of cash flows may be issued by management to
d.do all the above

Which of the following should be deducted form net income in calculating net cash flow from operating activities using the indirect method
b. Amortization premium on bond payable

On the statement of cash flows the cash flows from operating activities section would include
b. Payment for interest on short term notes payable

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How to financially last through a lawsuit you filed

While we hear about big lawsuits that get the plaintiffs millions from malpractice, most lawsuits end in a small settlement or dismissed outright. Granted the term small is relative, but it’s not always something that can set you for life. Either way, you have to wait until the end to get your money. These things can take a long time, especially if a settlement can’t be reached.

While there are attorneys that will take on your case and front the fees, that’s not always the case. Or the lawsuit may be long and drawn out, mean while you may be financially strapped due to the reason of the lawsuit such as injuries sustained. There are always expenses that you may not normally have if the events that led to the lawsuit haven’t occurred.

There are ways to get by, such as lawsuit loans from AnyLawsuits. Basically it’s a loan on what is expected out of the lawsuit. They help you pay for attorneys fees and any expense to help you get by. They’re usually risk free on your part and don’t have to be paid back if the lawsuit doesn’t go your way.

If your lawsuit has a good likely hood of winning then one of these loans may be a good fit for you, especially if you’re having problems with getting by during the lawsuit.

They may not be a good choice for everybody but it’s something to educate yourself about if you’re thinking about going through with a lawsuit but are having some doubts about it financially. Definitely look into these types of loans if a lawsuit is causing you to struggle financially and causing you hardships. Money is always better now than later.

If you were wronged, don’t let money be the reason you’re not righted. Check them out and get to know more so that you can be empowered with knowledge that will help you fight the good fight and get those that wronged you.

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