If you are "new" to owning precious metals, you probably have a lot of questions that you need answered. We have been dealing in precious metals, (gold, silver and platinum), since 1978. We have seen a lot of companies come and go, and we have seen many different market scenarios.
We don't charge hefty markups like some companies (34%) or ridiculous shipping fees ($250+)
We supply all of our gold bullion products at 3% over our cost with minimal shipping.
We share our knowledge and insight freely. There are pitfalls that should be avoided at all costs, and situations that should be exploited. Knowing which is which can make all the difference in the world.
If you simply stumbled upon this site, you are probably reading this and saying, "Why would anyone want to own gold?". Well, the answer is quite simple; it's a matter of wealth preservation. Gold is anti-inflationary. By that we mean that gold maintains it's buying power through all economic climates. Take for instance the price of a fancy new car in 1965. The top of the line car was about $1,600 in 1965 and now it's about $75,000 Now look at the price of gold; in 1965 it was $32 per ounce and now it's $1600 per ounce. So, the cost of a car in 1965 was equal to 50 ounces of gold, and it still is today! Gold maintains it's buying power as opposed to the dollar which just doesn't go as far as it used to. You see it everyday, in every item you purchase.
People own precious metals because they are a store of value. They are accepted worldwide, easily portable, and private and confidential in nature. Unless you tell someone that you own precious metals, they would never know. You would be surprised how many of your friends own precious metals, but just never mentioned it.
Certainly you have heard the phrase, "Don't put all your eggs in one basket". That is the whole reason that ANY stock broker worth his salt will advise you to invest in numerous stocks or a mutual fund. Any financial advisor worth his salt will advise you to diversify your portfolio with 15-20% in precious metals. Why doesn't your stockbroker tell you that? Simple, he makes no commission and therefore it is not in HIS best interest. He may tell you to buy gold mining stocks, but that is not the same as owning "real" gold. It's only a piece of paper stating that if the gold mining company makes money, the stock might rise and you might make some money. Simply put, buy the physical precious metals and store them in a safe location. Do not store them where you can not physically handle them. Avoid commercial storage programs. These programs charge a fee to store your precious metals which is based upon how much you hold. This can be very costly in the long run.
If you need more information, feel free to call Joe Hylas at 800-474-6960 or 516-759-6960