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Archive for the ‘Buy Precious Metals’ Category

Precious Metal Dealer Reviews

Thursday, February 13th, 2014

If you plan to invest in gold, silver or platinum then you will surely want to vet a number of precious metal dealers before letting go of your hard-earned cash, stocks or bonds. Thankfully the innovation of the Internet has made it easier than ever to get the facts on the precious metals dealers of your choice so you can invest with confidence.

Today’s precious metals investors utilize three sites in particular to see reviews, rating and complaints about precious metal dealers. Most people have heard of Yelp.com because it is big among hotels and restaurants, but Yelp also lets precious metal dealers open review pages. Yelp is helpful for finding trends within a company because individual reviewers can leave comments to describe what went right and/or wrong for them.

The Better Business Bureau (www.bbb.org) has been around for a long time, and it is still pretty reliable when it comes to viewing the number of complaints a company has received during the last three years. Be sure to look at both the number of complaints and the company’s rating, however, because a recent 20/20 report on ABC pointed out that companies with lots of complaints don’t always receive a rating reduction, and vice-versa.

RipoffReport.com  is one of the newest sites to find precious metal dealer reviews. Reviews can be followed up with comments by other users, a complete discussion and even a reply from the company itself. Ripoff Report reviews never disappear, so before clicking the “Send” button make sure you can back up what you write.

Maybe the simplest way to get the dirt (or lack thereof) on a certain precious metal company is to call Precious-Metal.org directly. This way, our staff of friendly precious metal investing advisers can guide you to a company that fits your needs and your budget.

Precious Metals Price Action Review

Tuesday, March 23rd, 2010

Precious metal saw a decline across the board today in the New York session of trading.

Gold fell as much as $14.96 to $1092.44 by 10:00am in on Monday, where gold found its footing and started to rally for most of the rest of trading day. In the end gold cut its losses to 0.7% and closed just above support at $1102.

The Gold price in Europe also declined to €812 an ounce.

The precious metal Silver followed a similar pattern and ended $0.313 off its midmorning low of $16.597 with a loss of 0.5%.

Platinum lost $11.50 to $1598, and copper remained at about $3.38.

Gold Mining and silver equities fell over 2% at the open, but they then rallied back to about unchanged by early afternoon and ended mixed.

Treasuries rose a bit ahead of this week’s $118 billion worth of note auctions that begin tomorrow with $44 billion in 2-year notes.

The Dow, Nasdaq, and S&P followed select health care companies higher after Sunday night’s House approval of the health care bill.

There were no major US economic reports today. Tuesday at 10:00 EST brings Existing Home Sales for February (expected at 4,990,000) and the FHFA Home Price Index for January, expected down 0.9%. This report is not considered of high importance in regards to its affect on the Precious metals commodities.

Wednesday does bring about the US durable goods release, however; and this could start to show signs of where the US Currency and thus precious metals will trend.

Franklin Gold

Protecting Retirement Accounts with Precious Metal IRA’s

Thursday, March 18th, 2010

Retirement investors have increased the demand for precious metals in U.S. Individual Retirement Accounts. This new surge of growth stems from many of the reasons other investors have been turning to precious metals – a hedge against inflation, dollar weakness and credit-market worries. Since precious metals have no liabilities or debt like stocks, bonds, or U.S. dollars, investors looking for risk aversion could benefit from a precious metal IRA.

Gold and other precious metals have often provided stability in difficult economic climates, and are often used as a hedge to protect other investment positions. Diversifying your portfolio seems to be the prudent trend recently; having a precious metal IRA or including this type of investment in an IRA can help to protect your retirement savings. Historically precious metals, particularly gold, often retain their value when stocks decline—and may even appreciate. When opening an IRA for precious metals, you can roll over cash from other IRAs and then use it to purchase bars or investment coins. You can also do this with funds from a 401(k) account, although in some cases you will only be able to do this if you leave the employer where you have the account.

Most individuals saving for retirement qualify for a precious metal 401k, or IRA; however, very few know this option exists. Transferring you r 401k or IRA is relatively simple, and precious metals. Org can assist you every step of the way. Before you decide to make precious metals a part of an IRA, make sure you know the risks and the IRS rules governing this type of investment. If you have questions simply contact one of our friendly precious-metals IRA experts for assistance.

Franklin Gold

Precious Metals Values

Thursday, March 4th, 2010

Between platinum, palladium, gold, and silver, gold’ precious metal values move in an inverse accordance with dollar values, since gold is the precious metal that officially backs the perceived value all of the world’s fiat (printed) currency. Gold’s inverse correlation with dollar values is presently being demonstrated, with our dollar registering 80.02 on the Index, over an overextended euro that must contend with the combined economic problems of Greece, Italy, and Spain. Meanwhile our government has done precious little to bolster the strength of our U.S. currency, other than maintain their insipid pledge to maintain interest rates at near zero levels, and hope for yet another freshly printed stimulus package from our U.S. Treasury.

During times like this, when economic uncertainty threatens the very future of our nation’s currency, precious metals values carry much greater emphasis, as currency-based commodities like oil, sugar, cotton, flour, and gold, all appreciate in value. Meanwhile, the value of printed currency is forced to adjust through multiple interest rate hikes, and ever-rising consumer prices.

Gold generally claims the abundance of the attention on precious metal values, as the wealth of entire nations is often times reflected in their gold holdings. Nations like the United States, Russia, South Africa, Australia, China, and Tanzania have their own gold recourses to draw from, but nations like India have no domestic gold production, and therefore must acquire their bullion through the IMF, which is the International Monetary Fund.

Prospective buyers with unanswered questions about precious metals investing are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion, and certified rare gold coin to household investors like you.

Franklin Gold

Precious Metals Market

Monday, March 1st, 2010

Precious metals prices turned in quite impressive performances last year, with silver gaining 36% and gold up 24%. Although silver and platinum are both far behind their historical highs, gold surpassed its’ record 2008 high of $1033 per ounce in mid-December of last year, going as high as $1226 before falling due to the weakening of overseas currencies and some profit taking.

Gold went as low as $1062 last month, and over the last few days gold has been evasive about which side of $1100 it can gain the most support. Gold is still on most economists’ “watch-lists” right now because the majority of mainstream projections place gold between $1350 and $1600 by the end of the year, which would be a demonstrative shattering of the current $1226 record.

The dollar is expected to lose 9-14% of its’ value this year, and the inverse relationship that many commodities have with the dollar applies to gold as well. Precious metals like gold and silver also benefit from a declining US dollar, although it doesn’t appear likely that silver or platinum could surpass their respective historic highs in 2010.

Platinum climbed to over $2200 in 2008, before the automotive industry took a dive and eliminated the need for many platinum-infused carburetors. Abundance of production silver, and profit taking have repressed silver prices as of late, and these two identical looking white metals are presently valued at $1509 and $16.18 per ounce, respectively.

While recent forecasts confirm prior predictions of higher prices across the board for gold, silver, and platinum, it looks like record-breaking precious metals prices could be limited to gold in 2010, as silver is $40 below its’ historical high, and platinum is over $600 beneath its’ record-high mark. If you wish to buy or sell precious metals, or if you simply need more information on a particular topic, our customer service experts will be glad to assist you.

Franklin Gold

Precious Metal Market

Friday, February 26th, 2010

February’s precious metal market has both risen above, and dipped below $1100 per troy-ounce levels, continuing a tradition of volatile February gold prices that has become customary in recent years. After shooting radically to $1226 in mid-December of last year, many reasoned that gold was overbought and began to downplay the value of futures contracts. Still others thought gold spot prices would be around $1050 by the end of February, and some market analysts speculated that silver would fall below $15 per ounce by March 1. Gold, silver, and platinum all struggled during January and into the beginning of February, as profit-taking pulled gold to $1062, silver to $15.50 and platinum to sub-$1500 levels.

Gold has been quietly been climbing the charts over the past two weeks, ultimately reaching $1122 late last week. The market experienced a pullback this week after the Federal Reserve revealed plans to hold interest rates at zero, although most economists believe that Fed Chairman Ben Bernanke will have no choice but to boost interest rates soon, due to the growing threat of inflation.

February’s precious metal market has shown some negative movement in response to the news that the International Monetary Fund (IMF) is looking to gradually unload another 200 tons of gold onto the open market. The last time the IMF did this the gold was already earmarked for India’s central bank, without private investors getting a chance to bid. The way the IMF gold sale plays out should also have a bearing on the precious metal market as a whole, and whether the sale occurs in February, March, or December, you could expect to see volatile silver and platinum prices that same day, as was the case during India’s large buy last year.

Precious metals are traditional hedges against devaluing currency, and our US dollar definitely fits that description. If you want protection from the collapse of the dollar then give our advisors a call to inquire about setting up a hedge for physical delivery, as well as for qualified retirement accounts.

Jonathan Monroe

Today’s Precious Metal Rally

Thursday, February 18th, 2010

Two main factors are to thank (or to blame if you are dollar heavy) for today’s precious metal rally:

  1. The US dollar took a major spill on Monday and Tuesday, and further downfall in the American greenback is expected throughout the week. After flexing some muscle early on in 2010, the juicing is over and the dollar’s value is thinning out once again. While gold tends to have the closest tie to the dollar out of all the precious metals (gold, silver, platinum, rhodium, and palladium), the full gamut posted gains this week directly because of the dollar’s struggles. Other commodities, like sugar and food, also become more valuable when the dollar moves downward, because it requires a larger amount of dollars to purchase the same amount of the commodity. If that doesn’t make sense, just think about pushing a wheelbarrow full of dollar bills to the grocery store in the hopes of purchasing one (1) loaf of bread. That’s dollar devaluation at its worst.
  2. Gold and silver surpassed key benchmarks this week, with gold regaining ground above $1100 and silver breaking through the $16 per ounce mark yet again. These levels were expected to be reached later in the year, because more profit-taking was expected in the first quarter. However, continued gains by both of these metals is strong evidence that the latest bout of profit-taking has subsided and that more individuals are buying into the precious metal market right now.

There is no way for us to know if today’s precious metal rally will continue, but experts from Citigroup and Bank of America Merrill Lynch believe that the next stable levels for gold will be around $1160 per ounce. If you want to take your position in the precious metal market, call or email Precious-Metal.org for a free investment tutorial and help from someone who can point you in the right direction.

Precious Metals Market

Tuesday, February 16th, 2010

The precious metals market consists of five main precious metals that investors ally themselves with: gold, silver, platinum, rhodium, and palladium. Most of us are familiar with the first two, and maybe platinum as well, but could rhodium and palladium actually outperform the other metals during the current cycle?

While some technical trading indicators say yes, the fact that most investors know nothing about rhodium and palladium does not bode well for the future prices of these two metals. Additionally, the inverse relationship that gold has historically maintained with the US dollar is not always present with rhodium and palladium. These two metals gain most of their value from industrial use, and the sad fact is that most industries in the US and abroad are fighting to stay afloat.

Platinum has exceeded analysts’ expectations recently, though a quick look at a historical platinum chart shows that this white metal has a tendency to swing high and low radically, with little to no forewarning or obvious cause. If you are investing for safety, surely this isn’t what you want. If you are speculating, you may consider vesting funds in platinum, although the downside potential is rather large at the current time.

That brings us to gold and silver. Silver recently pulled back from over $17 per ounce to less than $15.50, so some economists believe that the “poor man’s gold” is due for a rise. Many market experts polled said that a 70/30 split between gold and silver historically works best, although you need to consider your own investment goals before adopting this philosophy. Gold’s exclusive inverse ties to the US dollar and its’ high investment demand make it the most attractive precious metal to invest in right now, even though jewelry demand is down and gold’s use in appliances has faltered. The precious metals market is constantly evolving, so visit Precious-Metal.org often to keep up with all of the aforementioned metals.

Franklin Gold

Buying Precious Metals For Safety

Monday, February 15th, 2010

Since it seems like our nation’s policy makers would much rather continue to quibble over political party superiority, and useless blame, our nation’s more pragmatic investors have recognized this eco-political stall, and are buying precious metals for safety. Our dollar has rebounded slightly, due to the euro’s complications involving Greece’s bad debt, and Germany’s hiccupping economy, but these types of dollar gains are born of other currencies’ hardships, and do not reflect a truly strong greenback. Individual-minded investors realize this phenomenon, and are buying precious metals for safety, as well as for potential future profit.

Investments in certified rare gold coins are widely considered to be the ideal way of buying precious metals for safety, since rare coins’ numismatic value has a historic tendency to appreciate throughout long-term recessions like the one we currently face. Investment-quality rare gold coins like Double Eagles, are long-term investments that are sometimes held for years, so it is wise to diversify with much less costly bullion bars and/or coins, for any short-term liquidations that may be needed while rare coins appreciate.

The aforementioned Double Eagles are $20 Lady Liberty, and $20 Saint Gaudens, 22-karat, rare gold coins, and investors are advised to trust only either the PCGS (Professional Coin Grading Service), or the NGC (Numismatic Guaranty Corporation), for official numismatic certification. Those who have completed their research, are encouraged to contact one of our friendly specialists, who offer institutional discounts on bullion, and certified rare gold coin to household investors like you.

Franklin Gold

Precious Metal Account

Thursday, February 11th, 2010

Proactive long-term investors can benefit from the relative affordability of bullion (compared to rare gold coin), to protect their wealth, by opening a government-approved, precious metal account. In 1997, the government passed legislation that made it possible to store approved bullion items like 24-karat, one-ounce, and/or ten-ounce bars, or approved bullion coins in a precious metal account, and this long-term strategy has been growing in popularity ever since. “Baby-boomers” are one large sect of Americans who are capitalizing on this option, as their regular working days are fast-approaching a hard-earned close, and our nation’s economy continues to resemble a B-rated horror show…………on Beta-Max.

Government-approved bullion bar brand names include Credit Suisse, Johnson Matthey, PAMP Suisse, and Engelhard, which are all guaranteed for quality and 24-karat purity. Household investors usually buy one-ounce, and/or ten-ounce bars, although 100-ounce, and even 1-kilo bars are available.

Rare coins aren’t permitted in a precious metal account at all, and the only permissible 22-karat bullion coinage is $50 modern, American Eagles, which contain a full troy-ounce of pure gold. 24-karat bullion is naturally admissible, and investors can choose from an impressive selection of international coins (along with 24-karat, American Buffalos). These coins include Canadian Maple Leafs, Chinese Pandas, Austrian Philharmonics, and Australian Kangaroos, Koalas, and Lunar coins.

Investors can avoid paying mind-bending retail prices for their bullion bars and coins by contacting one of our friendly specialists, who offer institutional discounts on all of the aforementioned items to household investors like you.

John Burke