First, Should you buy Gold, Silver, Platinum, or Palladium?
Silver looks undervalued relative to gold at the moment. The gold/silver ratio is currently around 60, which is to say one ounce of gold is priced at about 60 times the price of an ounce of silver.This ratio has generally been much lower on a long term basis. Combine that with some pretty compelling supply/demand fundamentals, and it appears silver will continue to outperform over the medium to long term.Platinum and palladium have seen major price corrections; they too present an opportunity for investors who want to be more aggressive.Platinum’s price per ounce is still below that of gold (an unusual situation, historically speaking). Still both platinum and palladium often trade more like industrial metals than monetary platinum and palladium so, just thought I would give you the perspective feel for all metals however; I am not particularly fond of these in the raw form as investments although,certain ETF’s may have their place as growth targets.
I do not tend to invest in the paper silver and gold, as it’s a wheel of fortune with the “fat cats” in the government and Wall Street. It is more influenced by the investment vehicle then the actual value of the precious metal. More about this in my next update for January.
Here are My Top Choices for Success with Gold and Silver
Let’s look at what we were talking about to give you an Idea of what pros and cons are, so youcan make educated choices that best fit your priorities.
Gold coins are the standard for investors seeking maximum liquidity and familiarity with modest cost. In the retail market, nothing surpasses the popularity of coins such as the American eagle, Maple Leaf or Krugerrand.
While gold bars and rounds are available, the cost savings often aren’t enough to sway investors who prefer the more iconic, more trusted and more widely traded coins.
Bullion coins are official, Government Issue—guaranteed for weight and purity by the sovereignmint that issues them.
*The Krugerrands are not allowed in IRA’s because of federal rules relating to purity.
One more thing to consider, History, including examples from the past decade, is replete with currency crises precipitated by governments that borrow, spend, and devalue their currencies to the point they utterly fail as media of exchange.
“The prudent are adding some component of smaller denomination bullion in trusted and recognizable forms to their overall metals portfolio”
Gold American eagle 1/10oz
Most widely traded bullion coin, government guarantee of purity and legal tender. I like these coins because they are the most trusted form of physical gold products on the market (around 1986) they offer a convenient and cost effective way to add physical gold to your portfolio in several denominations of your choosing. (1/10th oz. 1/4oz. 1/2oz. Or a full one ounce coins.) (Click Image for pricing)
Canadian Maple Leaf gold coin 1/10oz
Guaranteed by the Government of Canada and traded in world markets since 1979, The Canadian Maple Leaf coins have become some of the most desirable bullion coins in the world today.(Click Image for pricing)
Each of the four coin sizes (1 oz., 1/2 oz., 1/4 oz. and 1/10 oz.) is beautifully struck with a gold purity of .9999 (24 karat).
The 1 oz. South African Krugerrand was first conceptualized in 1964 as a legal tender bullion coin marked only with its weight in gold. These coins typically have a lower premiums. (Click Image for pricing)
See the top Silver Coins- Click here