Your Questions About Invest In Gold Bullion

0
0
0
0
0
0
0
0
0
or copy the link

Richard asks…

Why is Glenn Beck misleading and allowing his loyal followers to be fleeced?

out of their hard earned money? While using ‘panic’ strategies (sound familiar?) to encourage his listeners to invest in gold with Goldline International, he leads them to believe that they will be buying bullion when what they actually receive is highly overpriced Swiss and French gold coins.

<Cashing in on all this is a raft of entrepreneurs who have tapped into financial insecurity and fever dreams of impending tyranny. Nearly every major conservative radio host, including Rush Limbaugh, Sean Hannity, Michael Savage, and Dr. Laura Schlessinger has advertised gold. (See “Full Metal Racket,” page 30.) But none has done more to cheer on the new gold rush than Glenn Beck.

Beck, whose various media enterprises brought in $32 million last year, according to Forbes, has a particular interest in plugging gold. Since 2008, Goldline has been one of his most reliable sponsors. Last year, after Beck called President Obama a racist, and advertisers bailed on his cable show (see “Lonesome at the Top”), Goldline stuck by him. And its loyalty appears to have paid off. In an email, Goldline’s executive vice president Scott Carter says that while its Beck sponsorship doesn’t bring in the majority of its customers, it “has improved sales,” which exceed $500 million a year.

In turn, Beck has stood by Goldline. Last year, he made a promo video in which he stated, “This is a top-notch organization”—a quote featured prominently on Goldline’s website. After the liberal watchdog Media Matters complained about Beck and Goldline’s partnership, Beck posted a video on his site in which he unapologetically noted that he’d started buying from Goldline long before it was his sponsor, back when gold was $300 an ounce.>

Read the full article here:

http://motherjones.com/politics/2010/05/glenn-beck-goldline-weiner
Sorry Casey.. obviously you didn’t read the article.

Justin answers:

Because he’s a whore who doesn’t care who he screws. And his “loyal followers” are too stupid to realize they’re GETTING screwed.

David asks…

Rare coins vs. Bullion?

I’m buying some gold from this site:

http://www.blanchardonline.com/blanchard…

I’m buying about $7,000 worth of rare gold coins (mostly gaudens ms-63) but I’m also buying about $3,000 worth of gold and silver bullion.

My only concern is whether I should rally be investing in more rare coins rather than bullion.

Justin answers:

You are wise to be investing in gold at this time.

I think no matter which vehicle you use, you will do well if you are patient. My personal preference is two-fold. I like the exchange-traded fund GLD for trading gold. Its price mirrors the price of gold rather well.

I also have a stash of bullion, for investment as well as protection in case the whole financial structure implodes.

I don’t invest in rare coins for two reasons: the difficulty in trading them and the difference of opinions as to condition, and ultimately, price. My preference is US Gold Eagles. They are available just about anywhere (Note, however, that some shortages are popping up here and there, as demand has increased). They have a big market. You can sell them at any coin dealer. Everyone knows the price, so you won’t be ripped off when you need to sell them.

You can buy them more cheaply and easily from a bullion dealer than from the US Mint. I buy mine online from a reputable dealer, golddealer.com. You call them to set up an account, order by phone, and pay by check or wire (wire only for large amounts). Shipping and insurance are free. The premium over spot gold is not very high.

That dealer, as well as other dealers, also offer various other forms of bullion. Check out the page below. I notice as I’m typing this that they are currently out of Gold Eagles. Try calling them early in the day for a quote and to see if they have them available. They usually do. I just bought some last week.

Best of success.

Joseph asks…

Predictions for gold price over next few years?

I’m considering investing about 20k in physical bullion. What do you think my return will be between now and 2015?

Justin answers:

Who knows what the percentage is but you know it must go up a significant amount.

Europe will enter into their own form of Quantitative easing soon to avert depression.. China is doubling their stimulus and we in the US are heading into QE3…all of these will have the longer term impact of debasing the currency and in effect increasing the relative dollar dominated value of gold and silver.

I am doing the same….

Good luck.

Robert asks…

Where can I buy precious metals with cash?

Suffice it to say I’m very concerned with the way the nation’s and world’s financial state is headed. I want to invest in gold, silver, platinum, palladium… “real wealth,” per se. I want to have actual control of the metal and store it in my own safe. Is there any place I can walk in with cash in hand and leave with said metal (either in bar/bullion form or in coins) in hand?
I’m watching the commodities market closely and have no plans to even begin buying until I see some evidence that the prices hit bottom and are starting to bounce back.

Justin answers:

Pawn shop and coin shops give you prob the best prices. Tell the guy your not buying the coin so much but the silver and Gold in it and you’ll do good.

Daniel asks…

Where can I buy precious metals with cash?

Suffice it to say I’m very concerned with the way the nation’s and world’s financial state is headed. I want to invest in gold, silver, platinum, palladium… “real wealth,” per se. I want to have actual control of the metal and store it in my own safe. Is there any place I can walk in with cash in hand and leave with said metal (either in bar/bullion form or in coins) in hand?
I am 22 years old and have the gifts of time, some rank in the military (E-5), and a rapidly growing field on my side. I have no portfolio whatsoever. I’m primarily looking for a way to start investing, and in my opinion there aren’t many better ways to start than with something that has never been worth nothing. If you have any evidence to support/counter that view and any tips I would appreciate it.

Justin answers:

Most urban areas have coin dealers.

Pawn shops.

Charles asks…

Gold futures and Dollar value?

Hey,

I was just reading some answers to a question someone posted earlier about Gold retreating.

The answers which followed suggested that the US dollar and Gold are linked in terms of which way they go (up or down). This made me think… Why would people bet on Gold falling if the dollar is falling? I mean Gold is a rare and valuable metal. I’d think it would be inversely proportional to the dollars value. Doesn’t it make more sense that gold should go up?

If I invested $20,000 in gold. And the dollar fell, why wouldn’t gold go up? It’s a commodity which is sure to remain high in value around the world isn’t it?

Which brings me to another question… If gold falls when the dollar does, whats the point in having the bullion depository?

Justin answers:

The price of gold floats freely in commodity markets. Which means that it’s not linked to any currency directly. The price of gold depends on the supply and demand, just like the price of oil and other commodities depends.

The price of gold is usually inversely related to the US dollar value. Because when the US dollar falls in value, then gold (which is priced in US dollars) becomes cheaper for the rest of the world to buy. This naturally increases the demand for gold and makes it’s price go up in US dollars. And the reverse happens when the US dollar rises in value. Gold becomes more expensive for the rest of the world to buy. Which decreases world demand for gold and causes its price to go down in US dollars.

Powered by Yahoo! Answers