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Metal Mania

Metal Mania. David C. Harper, Presenter Debbie Bradley, Moderator A Webinar presented by Krause Publications. What’s today’s price? $1,800 gold, $40 silver. Probably the most often-asked question, especially by journalists, with the possible exception of where prices will be in the future

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Metal Mania

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  1. Metal Mania David C. Harper, Presenter Debbie Bradley, Moderator A Webinar presented by Krause Publications

  2. What’s today’s price?$1,800 gold, $40 silver • Probably the most often-asked question, especially by journalists, with the possible exception of where prices will be in the future • Unless you are planning to buy or sell at that moment, it’s not relevant • Daily prices, daily fluctuations and the headlines they generate create a pressure to act and that pressure is often counterproductive • Gold up 29.3 percent since Jan. 5. Silver up 34.1 percent • Statistics used to make you think you can’t possibly go wrong • Since June 16, gold up 16.4 percent, silver up 10.5 percent • Don’t be stampeded

  3. Why do you want to own gold and silver?(Answer this honestly) • Collectors love to take fliers. I assume non-collectors do too. Do you want to own gold and silver simply because they are hot? • Do you want to own gold and silver as a prudent investment diversification strategy where you will take a position up to the financial industry’s rule of thumb of 10 percent of your assets? What’s your time horizon? • Do you fear a calamity and gold and silver are your way through it? • Is owning precious metals some sort of political statement or cocktail hour small talk topic to prove you are sophisticated or one of the in-crowd?

  4. What’s the best form to invest in precious metals? • Bullion coins • Why do I say this? I’m biased: I’m a collector. • Piggyback on well-established coin business infrastructure

  5. Other forms of precious metal investment • Obsolete standard, pre-1965 American silver coins or pre-1934 gold coins • Bars of varying sizes • Privately produced 1 ounce rounds • Gold and silver futures contracts • Stock of mining companies • Exchange Traded Funds

  6. If I buy coins: • Should they be graded? • What about fakes? • Take delivery. Fraudsters like lazy investors • What about buy-back promises?

  7. Plan your exit and do a test sale • If you have coins, sell some back to the original seller • Are you happy with the outcome? Reality versus promises • Premiums fluctuate in the best of times, but there could be hidden delays or discounts with buy-back promises • Will this work when you are under pressure? Remember when silver went from nearly $50 to $35 in just a few days in May?

  8. Don’t get sidetracked after you identify your goal • If you are holding gold and silver as a long-term investment, does it matter if there is a sudden plunge in price? It might be a buying opportunity. • If all of the gold truly is in Fort Knox, does it matter at all to your strategy? It might if you are taking a flier based on this information.

  9. Coin Collecting • Collecting gives you points of reference whether they are historical information or personal experience • Gives you a ready resource of active buyers and sellers at coin shows, in shops, online and elsewhere

  10. Resources • Numismatic News and its Coin Market price guide • www.numismaticnews.net • North American Coins and Prices • Standard Catalog of World Coins

  11. Learn more about precious metals • Check out the reference materials at NumisMaster.com • Get 20% off any book, CD or coin in ShopNumisMaster.com. Use Promo Code NNWEB7 at checkout • Get 20% off a month or year subscription to NumisMaster.com. Use Promo Code METAL922 at checkout

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