Quotations by Shayne McGuire

I prefer buying gold bullion in coin form such as an American Eagle, South African Kruggerand, or Canadian Maple Leaf, which cost about the same, per ounce. [2008] - Shayne McGuire

If you will need to sell part of your gold in less than a few months, it's probably a better idea to keep that portion of your money in cash. [2008] - Shayne McGuire

Gold does not pay dividends or interest and you must pay taxes on any gains you make. [2008] - Shayne McGuire

I would suggest holding 8 to 15 percent of your financial assets in gold and I would not think it insane to hold as much as 50 percent. [2008] - Shayne McGuire

A 3 percent premium is a reasonable price for a purchase of at least four ounces of gold. A slightly higher premium would probably be needed if you are buying just an ounce or two, of if you want some of the more popular bullion coins, like American Eagles. [2008] - Shayne McGuire

Aside from gold bars, which are usually sold very near the price of gold in the market, South African Kruggerands are generally the cheapest of bullion coins and American Eagles and Buffalos are among the most expensive. [2008] - Shayne McGuire

Chinese Pandas, Austrian Philarmonics, and Australian Kangaroos, all of which can be bought at prices that will generally be less than four percent above raw gold prices in the market. [2008] - Shayne McGuire

I try to stay away from gold products offered in TV or mass circulation ads and buying from individuals over the Internet. [2008] - Shayne McGuire

Find an authorized dealer with the Professional Coin Grading Service (www.pcgs.com), or the Numismatic Guaranty Corporation (ngccoin.com) listed on their websites. See if the dealer's website reveals the number of years the company has been operating, with less than 10 years possibly being a concern. [2008] - Shayne McGuire

You can save money on your precious metals purchases by talking with a person instead of buying online. [2008] - Shayne McGuire

Other than choosing the wrong gold dealer, the biggest mistake you can make is to fall into the urgency trap. [2008] - Shayne McGuire

It would be best to invest in some of the conservatively-run, well-managed gold mining companies (like Barrick, AngloGold and Newmont) that generally have solid balance sheets and relatively stable earnings. [2008] - Shayne McGuire

Exchange-traded gold funds have been a major driver of investment demand since 2004. Under the symbol "GLD", State Street Global Advisors (the world's largest institutional money manager) and the World Gold Council launched the first gold-based security backed by a representative portion of physical gold bullion held in a secure vault. [2008] - Shayne McGuire

Gold ETFs are a safe, cost-effective and easy way to acquire gold. But here is a potential problem that may seem improbable today, but which is important to consider for investors concerned about ultimate investment safety, which is, after all, the main reason to own gold: World governments in time may decide to change the rules of the game and force gold ETFs, less than a decade old, to delist. [2008] - Shayne McGuire

GoldMoney, which was established in Jersey, in the British Channel Island, today stores over $200 million of gold and silver for its clients and has emerged as the world's premier digital gold financial institution. Gold is stored in a bullion vault near London or another in Zurich, Switzerland. [2008] - Shayne McGuire

The rare coin market tends to move in cycles of four or five years under normal market conditions, that is often the time needed to show a healthy profit. Successful rare coin investors buy the best coins they can afford at reasonable prices and lock them away for years. [2008] - Shayne McGuire

The pre-1933 "common date" or "generic" gold and silver coins, as they are typically called, include the gold Liberty Head, Indian Head, and St. Gaudens as well as the Morgan and Peace Silver Dollars. You can see images of these coins by going to www.pcgs.com and clicking on the Coin Guide tab on the bottom left of the website. I generally go to goldinfo.net, which is linked to Austin Rare Coins. [2008] - Shayne McGuire

Each time gold has rallied, rare coins have risen much faster. [2008] - Shayne McGuire

Rare coins should represent less than 10 percent of your investments. [2008] - Shayne McGuire

A rare coin shop generally needs to raise its coin prices at least 15 percent above cost. [2008] - Shayne McGuire