Physical Face-Off
Posted by Investment Rarities on October 12th 2011 in Federal Reserve, General Economy, Gold, JPMorgan, Monetary Policy, Short Sellers, Silver, Wall Street | Be the first to comment!
Weighing the pros and cons of physical silver vs. physical gold, the author of “Buy Gold and Silver Safely” argues that “silver offers a great opportunity for investors, possibly more so than gold.” He cites silver’s steep discount off of this year’s high, and recommends putting as much as “50% of one’s allocation of precious metals into 90% silver bags as these can presently be had for about 1% over spot price offering you the most silver for your money.”
As for gold, he prefers the one-ounce American Gold Eagle: “They have a premium to spot that all gold dealers have to pay to the U.S. Mint, but the buy back on these coins is about $40 above spot. How many stocks do you own that have a higher buyback price than the current bid?”
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Mineweb: Pierre Lassonde: Gold’s financial role likely to expand/Interview
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Zero Hedge: Iran accuses America of purposefully sending the price of gold… higher
KWN: James Turk – More bank collapses to cause gold & silver spike
Chris Martenson: Big trouble brewing
Dollar Collapse: Doug Noland: “The situation is utterly hopeless“
Spiegel: ‘EU leaders are staring at markets like rabbits at a snake‘
Bloomberg: Wall Street sees ‘no exit’ from woes
Reuters: Anti-Wall St. protesters focus on JPMorgan Chase
Fortune: Occupy Wall St. and the 2012 elections
James Howard Kuntsler: Occupy everything
