Buying Opportunity or Investor Trap – Time to take a look at the facts!
The price of gold has backed off in recent weeks and reports of an improving American economy have some people speculating that gold is on a downward trend. No one can predict the future accurately so a sound strategy is to take a look at the facts. First of all, this is an election year in the U.S. Typically the market does better and the economic picture is brighter during an election year. Could be a coincidence, but the incumbent administration has a huge incentive to claim positive results from their actions and policies. Regardless of...
read moreIncreasing the Value of Your 401K or IRA
Very likely your 401k or IRA has lost value over the last 4 years. The investing landscape significantly shifted in 2008, to state the obvious. Many stocks that were viewed as blue chip investments lost significant value overnight such as banking and insurance stocks, and some companies that were considered to be value investments no longer exist, such as Merrill Lynch and Bear Stearns. If you happened to be in the wrong place at the wrong time, your 401K or IRA took a beating and is most likely still down from its previous value. It is...
read moreAvoiding Trains
There is an old adage that goes, “You never see the train that hits you”. So the strategy you need is to be aware of risks and avoid trains. The fact is that bad things happen and most often they happen when you least expect them. When it comes to your retirement savings, such as an IRA or 401K, a setback in your investment portfolio can change your life and your plans. Reducing your risk exposure is the major reason investment experts advise you to diversify your investments. I know that many people view some investments as bullet proof,...
read moreDiversifying Your IRA or 401K Investments
Have you looked at your IRA or 401k investments to make sure you are diversified in your investments? It is important to protect your retirement funds, because you want to gradually build the worth of your portfolio to make sure you have enough money in retirement. This means you don’t want to put all your money in only one or two investments. Diversifying gives you gradual grow of your portfolio worth and helps to avoid a devastating loss in one type of investment. All investments have peaks and valleys and a successful way to make money...
read moreA Brief History of Gold Ownership
All that glitters is not gold, however, gold glitters and for centuries gold ownership has represented wealth and prestige throughout the world. You can’t eat gold, drive it, live in it or use it for fuel or to cruise the internet but people have mined gold, horded it, worn it as jewelry, valued it, used it to trade for goods as raw gold and as currency. Gold has also been a significant factor in toppling some civilizations and catapulting other regimes into power. The first sign of a cultural use for gold was in the Ancient Egyptian culture...
read morePush Me – Pull You – Gold and the Dollar
If you are familiar with Dr. Doolittle and the story about talking to the animals, you will remember the Push Me – Pull You. The creature could not move without its other half moving in the opposite direction. It is a charming story that also may have some relevance with the relationship between the dollar and gold. The dollar and gold most often move in value in an inverse relationship. What this means is a strong dollar happens when the economy is healthy, although there are foreign influences now that are having a contrary impact to the...
read moreReview of GovMint, a trusted Gold Coin Dealer
There are many places where you can guy gold bullion coins, including dealers, brokerage offices, banks, mints and private individuals. You could shop hundreds of places to make a purchase or save time and go to a trusted dealer that has a broad range of gold bullion coins who also offers the best prices. Most of us do not have the time to shop the hundreds of sources for bullion coins, so we are just looking for a trustworthy dealer who has the coins we want and also has an easy to use search site and purchase process. Whether you are looking...
read moreInsight into International Gold Purchases
The price of gold, like all investments, constantly fluctuates. The value of any investment is largely driven by supply and demand and the demand for gold has been steadily increasing, especially in the U.S, China and India. Seasoned investors know that it is wise to buy on dips in price when they are accumulating an investment and this is especially applicable to gold. When you are purchasing gold it is important to fully understand the global gold market as part of your due diligence. The Indian government recently doubled their import...
read moreHow to Buy Gold and Not Get Scammed
The words “Buyer Beware” have never been truer when you are talking about buying gold. A popular item automatically brings out the scammers. Your best defense is to be a wise buyer and do some simple things to make sure you get value for your money. You first step is to find a reputable gold dealer to make sure you are getting good value. Then you need to understand why you are buying gold. Are you purchasing gold as insurance against difficult economic times? Are you speculating that the price of gold will continue its upward movement?...
read moreDid You Know That You Can Buy Gold Bullion in Your IRA?
Many people don’t realize they can hold bullion coins in their IRA. This gives you a great opportunity to diversify your IRA portfolio. You will need to have a custodian hold your gold bullion for you. If you choose to physically hold the gold bullion yourself you will need to take an IRA distribution. How to Purchase Gold Bullion in Your IRA Your first step is to choose a custodian for your IRA. Many gold dealers have a list of recommended custodians and can give you basic information about their services and rates. Although services and...
read moreLooking for Gold Coins?
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