Buying Precious Metals?

[Cruddy]

Originally posted by Urban Ranger


We are better than mutual fund managers

Since when did mutual fund managers hand out advice? It's counterproductive from their point of view.

Or is that what you are saying anyway? What is Apolyton better at than mutual fund managers?

Managing mutual funds or handing out advice (or both)?

[Urban Ranger]

Originally posted by Cruddy
Since when did mutual fund managers hand out advice? It's counterproductive from their point of view.

They do the buying and selling of stocks and other securities for their clients, and most of these transactions require approval. So they are just advising their clients in a fundamental way.

[Saras]

Some Uni in US had a monkey pick stocks for 10 years. It outperformed 95% of fund managers

[Cruddy]

Originally posted by Urban Ranger


They do the buying and selling of stocks and other securities for their clients, and most of these transactions require approval. So they are just advising their clients in a fundamental way.

Oh right. My understanding is the UK fund managers are the ones asking the advice - and woebetide anyone that makes public the advice given (breach of confidentiality, you see). Mind you, fund managers are at the tip of huge investment pyramids, which is light years away from investing a few thousand.

Anyway, UK fund managers are very tightlipped about where they put "their" money. Too easy to get sandbagged (ambushed) by speculators.

If this turns out to be complete poop, pardon my ignorance - economics was never a strong subject for me.

[Zkribbler]

No, no, no. Swiss banks are the answer. They can buy the gold coins for you and store them in their vaults...all with the famed Swiss policy of privacy from prying government eyes.

However, with the economy picking up, it would be silly right now to put your money into precious metals. The stock market is where you want to be.

[St Leo]

Buy some rare heavy metal CDs.

[Japher]

Don't listen to me, ppl think I take to much risk on investing...

Bonds, suk right now, their interest rates are way to low, you would probably have a better chance getting something out of CDs.

If you want to "hide" the money, don't buy stocks that have a yield or pay a dividen, because you will have to realize gains every year.

Gold is probably the most secure precious metal as it mimics (IMO really sets) inflation, pretty much that's all it does. So, for every $1 you invest now it will be worth the equvalent of $1 when you pull it out, no more, no less... Unless something really drastic happens the the economies (i.e. depression).

Hedge funds (investing on foreign currency) is way too risky for me to have even delved into... Yet

Another way to invest in foreign currencies, which isn't too risky, and can be beneficial is to invest in foreign life insurance policis. In fact, I think that is how you should go... Either foreign or domestic. Invest in a life insurance policy, either Variable Life Insurance or Cash Value Life Insurance... Talk to a insurance agent and try and get a policy with low (or one time) primiums. The nice thing about life insurance is that you can use the money to cover you, dependents, future dependents, etc... the money is sheltered, and can be used to invest in the markets as well... Also, you can eventually "borrow" the money any time you want, with a very low interest rate(like 1 or 2 percent). Personally, that is what I would do in this day in age to get the max returns on non-realizable equity...

[Panag]

hi ,

tip of the day ; > paladium

diamonds are also not to bad

have a nice day

[MRT144]

Originally posted by Cruddy


Jewellry is almost always overpriced compared to bullion or coins. You are paying for the craftsman to make it, as well as the price of the materials.

I say ALMOST always because even in this area there are bargains - but there are also many pitfalls too.

can you wear coins?

[Panag]

Originally posted by MRT144


can you wear coins?

hi ,

yes why not , .....

the backplate of my custom watch is a golden "eagle" , several people wear rare coins around a chain with a special setting , .....

have a great day

[Mao]

Gold is probably the most secure precious metal as it mimics (IMO really sets) inflation, pretty much that's all it does. So, for every $1 you invest now it will be worth the equvalent of $1 when you pull it out, no more, no less... Unless something really drastic happens the the economies (i.e. depression).

This actually sounds like what I want. Something that'll keep its purchasing power, I'm not really looking to make a buck. Although investing in the stock market seems interesting, I don't have enough money to make it too worthwhile, maybe about $500 to spare?

[Ecthy]

yep, my auntie used to hav ea bracelet of foreign coins (no especially rare ones, though) like 20 years ago.

I wear my Krüger rands around my neck

[Panag]

Originally posted by Mao


This actually sounds like what I want. Something that'll keep its purchasing power, I'm not really looking to make a buck. Although investing in the stock market seems interesting, I don't have enough money to make it too worthwhile, maybe about $500 to spare?

hi ,

well stay for that amount of the stockmarket , its not worth it , you shall get extra cost , lets say you need the money in 6 months , taxes , etc , ......

you are far better of with buying a 500 usd diamont then

or just put it on a regular savings account

have a nice day

[MRT144]

or give the money to me so i can buy a computer and software synths

[Ecthy]

of course the diversity of currencies and therefore that of coins in europe is decreasing with every year passing...