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Millionaire Now! by Larry Nusbaum

This blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth".

DO'S AND DON'TS OF METAL AND COIN BUYING

Posted on 08/10/2006 14:37 PM | Link | Post Comment

DON'TS:

  1. Don't buy numismatic coins.
  2. Don't buy too many high grade rare numismatic coins.
  3. Don't wait 4 to 6 weeks for delivery of your coins.
  4. Be careful whom you deal with.

DO's:

  1. Make sure you cover your core positions in gold & silver.
  2. When purchasing semi-numismatic or numismatic coins, buy only U.S. coins.
  3. Take advantage of the coin market when no one else is looking.
  4. Take time to have your entire coin and bullion holding evaluated.
  5. Continue to educate yourself on the metals and coin markets.

Here are a few of the important reasons to buy silver.

  1. The Silver ETF has invested about $1 billion into silver.
  2. There is probably just over $1 billion in silver remaining in which to invest.
  3. The U.S. Government spends about $2 trillion ($2000 billion!) per year.
  4. The U.S. Bond market is over $20 trillion in size.
  5. By the time a mere $50 billion in paper money moves into silver within one year, the silver price will be astronomically high in terms of dollars and heading up so fast that it will make your head hurt.

The supply and demand for silver are about matched, with very little room for any investment demand at all. The slightest investment demand has already catapulted silver to much higher prices, and investment demand has hardly even begun.

Here is one more reminder of why you need silver and gold; a movie is out now that is promoting gold and silver, and this may actually be responsible for the rise in the gold price this week!

A movie came out this last weekend in ten theaters that is receiving many A+ reviews from Yahoo users. It opened to a standing ovation at the Cannes Film Festival a few months ago.

I currently have positions in 100oz silver bars, 1922/1923 Silver Peace Dollars and 2006 silver and gold Eagles.

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