Hi - I've never purchased precious metals, but would like to begin.

Jump to Last Post 1-4 of 4 discussions (4 posts)
  1. Spartangirl profile image61
    Spartangirlposted 13 years ago

    Hi - I've never purchased precious metals, but would like to begin.

    What is you opinion of GoldMoney and the Perth Mint? Since both are in foreign countries, I'm wondering if you consider these as safe options since they store the gold/silver for investors, and you recommend taking possession. Thanks! SG

  2. Mithan415 profile image60
    Mithan415posted 13 years ago

    Hi Spartangirl,

    Goldmoney and the Perth Mint are both good, reputable places to buy your precious metals. I believe you should try to take possession of your metal. Many people worry about government confiscation. However, I believe, as well as many others, that the government is more likely to seize the ETFs than go, house to house, and risk angry confrontations in order to collect a couple of gold coins.

    If you are just starting out, I would recommend junk silver coins. Also, two other places I can recommend is APMEX (Apmex.com) and BullionDirect.com. I would avoid Ebay and any auction site since you have little recourse if someone doesn't send you the bullion.

    Thanks for all your kind words. I am currently working on writing Hubs that will identify trends of many ETFs, stocks, commodities for each month of the year. It'll be lots of hard work. But I think it will be worth it!

  3. Spartangirl profile image61
    Spartangirlposted 13 years ago

    Hello Again, Mithan415,

    Thanks for your response. A concern is storing gold/silver in my house - could get scary if someone found out, and especially if any measure of social upheaval begins. Canada has centralized banking, is regulated by stringent rules, and their banks are considered the most stable, safest in the world. (I believe Gold Money stores their gold in a British-based Canadian bank (?).

    Some CA banks have branches in the US, but I'm not sure if the US govt. could take these over/close them in the event of a crash? Do you consider Canadian banks in the US a safe place to store metals if necessary? I'm sure there must be rules for going directly into CA, renting a safe deposit box, and storing $$ there. Perhaps okay to consider?

    If it's possible the dollar won't be worth the paper it's printed on, is the only alternative to convert all my $$ into gold/silver? That's really a very, very risky tact for someone like me - but is balanced by the idea of losing it all if I do nothing. How do you feel about the stability of foreign currency if the USD fails?

    I've been reading books about the USD by Peter Schiff, Charles Goyette, etc. Coupled with all the media/web hoopla, it's both scary - and confusing! On top of all this, I'm a social worker, and believe me, there's some very angry rhetoric I routinely hear regarding entitlements and rioting (a la Greece.)

    I'm certainly not fearful or panicky, but I do feel I need to get reliable information and something planned; and perhaps make some (hopefully intelligent!) moves if necessary. Also in lieu of the real inflation rate for fuel/food, how do you feel about food storage?

    Thanks for any feedback you would like to provide - much appreciated! SG

  4. Thomas Fuglestad profile image61
    Thomas Fuglestadposted 13 years ago

    Hi Spartangirl.

    I have bought my precious metals from goldsilver.com in the past. I find them to be great value, especially with Mike Maloney's insights and teaching, that I have followed for a long time.

    Another option, if you are more business minded, is to enroll in one of many gold/silver referral programs. I found a great referral program not long ago that I promote on my website. It's like a subscription, you subscribe to receive 1, 2, 3, 10 or more coins pr month in the mail, contrary to buying in huge quantities from the dealers.

    The prices for this service are higher pr coin than if you would buy then in large quantities. However, with a few referrals in your downline (as few as 1 or 2) you also earn monthly silver coins, so the price you essentially pay for each coin can get way lower than what you'd pay from a dealer. 10 referrals who subscribe to 2 coins each, and you get american silver eagles for less than 10 bucks pr coin, a third of the market value.

    Not sure if I managed to formulate that correctly. Check out mastersoftruewealth.com/resources and check the article on the bottom of that page for more information.

    Whichever you choose, I am happy for you that you are taking measures to invest in real assets. Good for you!



This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://corp.maven.io/privacy-policy

Show Details
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)
ClickscoThis is a data management platform studying reader behavior (Privacy Policy)