The majority of people are just becoming aware of liquid tangible assets. They are barraged by financial system tremors and a paper trainload of propaganda. Investment banks that sell to retail customers do not feature tangible assets; when pressed by their clients they might recommend a paper form of ownership of commodities or precious metals.
Awareness of owning gold and silver drips into our intellect by way of the media and paid advertising, delivering three primary messages. Message one with the majority of household imprints is to buy gold and silver now. It is eloquently spoken by a TV or radio commentator or any number of semi-famous actors. Uncommon sense dictates to always look at what's missing. Why is it delivered only by male spokesmen?
The second precious metals megaphone message encourages a person to melt and sell excess gold jewellery. This advertising message is pasted on billboards at pawnshops and targeted to one audience... women. It confuses the consumer because the sub-theme played for the potential customer's subconscious is to sell now because gold is at the highest price in history.
Number three, and easily the most subliminal message, spews from financial community advertising. Their worldview is in a bubble state; liquidate before it is too late. Uncommon sense used to analyze this message would lead us to review these bubble experts' track records of identifying such items before bursting.
Ownership of precious metals and collectibles is insurance to protect you and your family from the ultimate bubble. 10% should be the minimum percentage of your assets held as a currency collapse item. This amount should be placed there yesterday... and supplemented monthly. Pay your taxes; pay your church tithe; then purchase gold and silver bars, coins or collectible coins with a minimum of 10% of what is left. The time to sell this portfolio is never. Do you sell or drop any insurance policy before the wreck you didn't see coming?
Other funds set aside for future needs such as retirement, your kid's education, or for living your vision of the American dream, may also have items from the precious metals basket. There is a high probability they will be paper assets because liquidity is more efficient using paper assets. To answer when to buy or sell is a non-exact art. The most expensive answer generally comes from someone who will receive a commission from your action. The federal government loves to see any kind of buying or selling. If the asset has no action they receive no tax. The best advice in my opinion is to accumulate any type of savings over a period of time, as in monthly. Unless your primary business is an investment area the odds of buying at the low and selling at the items price apex are very high. The real secret of true wealth accumulation is in the buying, not in the selling.
Collectible gold and silver coins represent $100 billion in sales annually. As the masses rediscover the real value of precious metals collectible coins should move up to more of a premium. This is because there is a limited supply, just as with gold and silver bars. A printing press and ink only produce fool's gold.
When it comes to your finances, if you don't know where you're going, any road will get your there. We at Global Diversified Partners, partner with you to re-claim your decision making, and ultimately your future.
Daniel Kalenov's Global Diversified Partners helps people take control of their financial well being by educating them on the benefits of investing in tangible assets and by altering their perception of what “smart investing” means.
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