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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: y2kate who wrote (31203)	3/17/2008 6:18:51 PM
From: Cogito Ergo Sum	Respond to of 218098

Jim Willie runs a news letter now. I heard him speak at the latest Toronto Gold show in the fall... He's a lot less doom and gloom sounding in person :O) goldenjackass.com The Black Swan

To: y2kate who wrote (31203)	3/17/2008 11:39:59 PM
From: RJA_	Read Replies (1) \| Respond to of 218098

>>But here's my real reason for writing--I have an open question for the board: how does one buy physical gold, and what is your preferred medium? I buy from a local dealer in a state that has no sales tax. I buy pretty much whatever is on sale, meaning, odds and ends, and attempt to pay as little premium or spread as possible. I buy for gold content, not numismatic value. I also have a fake coin detector set (fisch instruments, you may be able to still find it on the web -- it has only detected one questionable item, but one is one too many, IMHO). Generally the dealer will sell what ever he has picked up locally lately at a small spread. If he has to order it, it will cost more. Caution: I have not been buying since the high 800's, and I have basis down to low 300's and possibly even lower for very old stuff... I am comfortable with lower prices. However, the fundamentals can be bullish from here, depending on what your assumptions are for what is down the road. For example, if you expect a complete dollar meltdown, any hard asset is a bargain now. What to buy: KRands, Maples, Eagles, Swiss 20 Franc, Mexican 50 peso, CRSwiss bars... aprx 1 oz each (except for 50 peso which is 1.2 oz, and Swiss 20 franc which is aprx .1865 oz), sometimes smaller. Larger stuff is harder to liquidate. Also consider US Junk silver coins, pre 1964 are 90% silver, very small or no priemium on purchase, buy only for silver content, no numismatic value. Last silver was bought in low $16's... I have been very fortunate with this stuff. I generally wait out downturns, because based on US and world gubberment activities, fundamentals have been up. Best wishes! RJA