Like the guy on the TV says: “Wealth Protection”. Gold has never been worth zero. Unlike the Zimbabwe dollar, the German pre-WW2 Mark, and countless other fiat currency (i.e., printing press printed paper that is only “money” because guys with guns say it is). Even the most wildly bullish tout like Kudlow, and “the every feeling is expressed” Orman, wouldn’t argue with 5 to 10% in gold. Due to the “interesting” numbers in the CFTC, the number of contracts outstanding, and the various derivatives around commodities, I’d suggest that bullion coins from a low cost / low overhead reputable dealer is the best way to have that investment. Call it Gooferment Insurance. I’d further suggest that you want “good delivery” where they put the coins in your hot little hands. Then you can put them in an interesting place (e.g., curtain rods; taped to the hidden in the wall side of your medicine chest, or (my personal favorite) inside some furniture that ain’t easy to move like a grandfather’s clock. (No fire risk. Gold doesn’t burn. Like paper money.) I don’t recommend burial because you, or your heirs, will forget where you stashed them. (And, for my fellow tin foil hats, the gooferment has ground penetrating radar.) :-) And, please, don’t even consider “numismatic coins” from ANYONE. (Overpriced misgraded and in some cases fakes and frauds. And, the Gooferment will seize them as quick as anything else if they’re desperate enough.) Remember FDR broke into bank vaults during the “bank holiday” for folks’ gold stashes.
imho ymmv faiwwypfi tanstafl!
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From: APMEX News <firstname.lastname@example.org>
Date: July 1, 2010 6:28:53 PM EDT
Subject: APMEX – Gold Now Below $1,200 Per Ounce
TAKE ADVANTAGE – GOLD NOW BELOW $1,200 PER OUNCE!
APMEX has the largest selection of bullion products anywhere, and our customers are taking full advantage of this recent dip in prices. Join thousands of APMEX customers who have already taken advantage of this price reduction before our most popular inventory sells out. Three of the fastest moving products today at APMEX.com are:
2010 Gold American Eagles
2010 Silver American Eagles
2010 Gold Maple Leafs
Take advantage of the recent pull back in prices now before the next run in pricing occurs.
As you might expect, we have seen a huge increase in order volume today as a result of this consolidation of price and inventory is moving very quickly. Don’t miss out on this great opportunity to save money at APMEX today.
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APMEX | 226 Dean A. McGee Avenue | Oklahoma City | OK | 73102
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