INVESTOR S COMPLETE GOLD BUYING GUIDE

Transcription

1 INVESTOR S COMPLETE GOLD BUYING GUIDE

2 Let s recap In the first video (Why Gold Belongs In Your Portfolio), you learned: Why Gold Belongs in your portfolio How much more money you grow over time with a Gold Balanced Portfolio How to avoid some of the most common mistakes (e.g. buy REAL gold)

3 What we re going to cover How to take action to buy Gold There are 8 areas of choice where you can either make a deadly mistake that will cost you...or choose wisely for successful wealth preservation and growth We re going to cover these 8 areas now

4 What this will do for you If you haven t bought gold yet You ll get some guidelines so you can stop putting it off and get it done! If you ve already bought gold You can update your strategy, and fix your vulnerabilities if you made any of the 8 mistakes These 8 guidelines will make it easy to avoid those common mistakes

5 How to buy gold Start here: Buy Gold for physical home storage

6 Guideline #1 Spendability : Bars vs. Coins Bars vs. coins Bullion bars are not really spendable (if you re not a country) They aren t easily recognizable as legitimate Their weight isn t easily recognizable (converting, grams, ounces) Coins are easily recognizable, and when you stick to 1 ounce coins, their amount is easy to understand and already denominated in terms of how their value is quoted

7 Guideline #1 Bars vs Coins

8 Guideline #2 Spendability : Bullion vs. Numismatic Bullion coins vs. Numismatic coins Bullion coins get their value from the precious metals content, which is very stable Numismatic coins usually get much (or most) of their value from their collector s value, which is very risky Also, numismatic coins can have enormous broker s margins (like 50%) Some people still buy numismatic because they want to make a speculative gamble

9 Guideline #2 Spendability : Bullion vs. Numismatic If you wouldn t go to Vegas and bet on roulette and call it investing I wouldn t recommend buying numismatics either

10 Guideline #2 Bullion vs Numismatic

11 Guideline #3 Spendability : Gold vs. Silver Gold vs. silver Some people say stick to gold because it has a longer history Some people say silver is better because it has industrial uses, is in shorter supply, and the historical gold-to-silver ratio (16:1) is out of whack and silver has grow in value to correct it This is definitely right, unless it s wrong It s definitely going to happen that way... unless it doesn t

12 Guideline #3 Spendability : Gold vs. Silver My recommendation: Include both gold and silver Here s why: An element of real diversification Spendability: Gold is like an 1800 dollar bill Silver is like a 30 dollar bill

13 Guideline #3 Gold vs Silver Both!

14 Guideline #4 Portability: Gold vs. Silver Gold vs. silver allocation One ounce of gold holds an amount of wealth equivalent to around $1800 One ounce of silver holds an amount of wealth equivalent to around $30 Another way to put this is that for any particular amount of wealth, silver is about 50X as heavy as gold And takes up about 50X as much space as gold

15 Guideline #4 Portability: Gold vs. Silver The point: Silver is heavy! Briefcase incident (ouch!) My recommendation: Limit silver to ounces Test with exercise weights in a backpack/bag/case Find an amount comfortable to carry at length

16 Guideline #4 Gold Rest of fund in gold vs Silver Limit to around oz

17 Guideline #5 Recognize-ability : Which coins Another element of spendability Tier 1 coins: U.S. eagle Austrian Philharmonic Canadian Maple Leaf Tier 2 Australian Kangaroo & Koala South African Kruggerand Tier 3 Chinese Panda

18 Guideline #5 Stick to Tier 1 & 2 List Among those, pick best price

19 Guideline #6 Where & How to buy Where to buy Local dealers Good choice if you have one you like or are referred (highly recommended) to one by someone you trust and respect Nationwide dealers I ve bought from most of them

20 Guideline #6 Where & How to buy Nationwide dealers: Check prices to make sure they re in line, but shopping by price alone can be very expensive My experience: Some are annoying with frequent follow up hard sales pitches (think Boiler room ) My favorite: Kitco

21 Guideline #6 Where & How to buy How to buy from

22 Guideline #6 Where & How to buy

23 Guideline #6 Where & How to buy

24 Guideline #6 Where & How to buy Stick to 1 oz. coins Qty

25 Note about prices It will different from spot price Spot price Based on paper securities bets (speculative gambling market)

26 Note about prices The price of buying real gold isn t set by person or group It s a true market There s no published/set/fixed price It s based on actual supply & demand Real price is higher than fake gambling price (varies) This is the purpose of comparing prices There s usually a small premium and/or brokerage fee (3-5%)

27 Guideline #6 Where & How to buy

28 Guideline #6 Where & How to buy Enter Quantity

29 Guideline #6 Where & How to buy

30 Guideline #6 Where & How to buy

31 Guideline #6 Where & How to buy Checking out & paying with Kitco.com You ll enter your credit card This is to lock in your order pricing Not to pay Pay either by check or bank wire I prefer bank wire (faster)

32 Guideline #7 Safest place you have close access to Avoid banks (safe deposit boxes) Safe at home Where to store Hidden spot at home Safe or hidden spot at a friend or relative s house Tip: If safe is small enough to be carried, bolt it down

33 Guideline #8 Amount of emergency fund This is critical Minimum You want it to be enough to handle an emergency Single $5k min Family $10k min

34 Guideline #8 Amount of emergency fund Maximum Amount you re willing to lose to confiscation or theft This is very important In 1933, the U.S. government established a policy of confiscating metals in times of economic crisis Also, historically, if there s any periods or incidents of chaos or violence, people with gold are targets Too much gold = worth killing in the eyes of criminals

35 Guideline #8 Amount of emergency fund What are the CHANCES of government confiscation? What are the CHANCES that larger amounts of gold puts your life (and your family s lives) in danger that you can t defend against? Who knows? It s not your choice whether the government confiscates gold If they want it, they ll get it Your choice is simply how much to leave exposed

36 Guideline #8 Amount of emergency fund The purpose of an emergency fund is to deal with an emergency If you held $50k, $500k, or a million worth of gold, that would be far more than you d probably need in an emergency You re probably not willing to lose that The choice that s within your control is to set an intelligent maximum

37 Guideline #8 Amount of emergency fund Recommendation for maximum: around $10k-$25k

38 Guideline #8 Minimum $5,000 - $10,000 depending on household size Maximum $10,000 - $25,000 depending on household size and total net worth Silver: 100 ounces Gold: 1 ounce Silver: 100 ounces Gold: 12 ounces

39 Guideline #9: The Key Take action! My mentor told me: Winners take imperfect action while losers are perfecting their plans

40 No Action Fantasizing The Sweet Spot Intelligent Strategy Action with zero thinking or strategy Failure by default analysis paralysis Desired RESULTS Avoid mistakes Critical Mistakes Failure

41 Guideline #9: The Key Fact: Your emergency fund did not get setup by watching this video alone What to do next Download the PDF Guidelines Take action & setup your emergency fund! You ll be glad you did, in case you need it at some point Could be the difference between life & death

42 What about the rest of my wealth? PROTECTED GOLD Make sure you review my Protected Gold Due Diligence Report For a complete review of all elements of PROTECTED GOLD

43 Final recap.. Guideline #1: Coins over bars Guideline #2: Bullion coins over numismatic coins Guideline #3: Get both gold and silver Guideline #4: Limit silver to oz for portability Guideline #5: Stick to Tier 1 & 2 coins from the list Guideline #6: Preferred dealer is Guideline #7: Store in safest place at home or nearby Guideline #8: Minimum $5k, Maximum $25k emergency fund Bonus Guideline #9: Take Action (Do nothing = Have nothing when you need it)