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Millionaire Now! by Larry NusbaumThis blog is based on the organizational principles found in my new book, "Millionaire Now! - A Financial Toolbox with Seven Steps to Wealth". |
INVESTOR ALERT: A TURN IN THE COIN MARKET!
Over the last month and a half, the precious metals markets have given back about 30% of the gains they had seen since their highs in May of this year. If you remember, in May, we were staring at gold price of $730 an ounce and Silver was trading up around the $15 level.
- The most recent numbers in the housing market do not look that exciting and most analysts feel the downtrend in real estate has just began.
- The Fed continues to print money like drunken sailors.
- The trade deficits continue to grow.
The coin market is part of the gold and silver markets I like to call, either insurance with a kicker or the speculative part of the gold and silver market.
Coins such as the $20 Double Eagles, $10 Eagles, $5 Half Eagles in Gold and the older Silver Dollars, either Morgan Silver Dollars or the Peace Silver Dollars. These are true American pieces of history and they represent the REAL MONEY we as a country used to deal in.
Examples of what to look at now:
- Silver - 20 coin rolls of Peace Silver Dollars in Mint State 60 or uncirculated condition.
- Gold - $20 St. Gaudens in Almost Uncirculated condition.
I deal with Pat & Linda Gorman at Resource Consultants Inc. and relied on their newsletter for this information. They can be reached at 1-800-494-4149
ADDITIONAL READING:
- Are Financials Suddenly Cheap? Part Ii
- Are Financials Suddenly Cheap?
- Top 10 Sectors & Stocks By Relative Strength (weekly Update)
- Short-Term Sell Signals Given
- "Who Is Next?" By Dick Bove
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
- January 2008
- December 2007
- November 2007
- October 2007
- September 2007
- August 2007
- July 2007
- June 2007
- May 2007
- April 2007
- March 2007
- February 2007
- January 2007
- December 2006
- November 2006
- October 2006
- September 2006
- August 2006
- July 2006
- Millionaire Now!
- The 7 Steps to Millionaire Now!
- Build Your Financial Plan
- RETIRE RICH: Survival Guide
- ASSET ALLOCATION MODEL
- THE BIG ROLLOVER IS HERE
- THE END OF THE GRAND SUPERCYCLE?
NOTE: Please click on the charts below to enlarge them if [read more]
NOTE: Please click on the charts below to enlarge them i [read more]
U.S. stock futures rebound on Citigroup results"S&a [read more]
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