Precious Metals Quotes

I’m heavily biased toward silver. The mixture of physical metals that I prefer for the at home portion of my physical allocation is 10 percent to 50 percent gold, and 50 percent to 90 percent silver. The quantity you keep at home depends on the size of your investment, but it’s typically somewhere between 3 to 100 ounces of gold, and 100 to 10,000 ounces of silver. Always buy 0.999 fine silver. [2008] - Michael Maloney

Numismatic coins (coins that have achieved value due to their rarity) carry a high markup, so if you were to liquidate them, you may get only 70% on the dollar (or less). Most people sell their coins to coin dealers, but these dealers will basically offer you wholesale prices since they will end up trying to resell the coins at retail. Consider selling coins to other investors or collectors as they are easier to find now through the Internet. [2008] - Paul Mladjenovic

A silver bullion coin could be bought for whatever is the spot price of silver plus a premium of 5-12% to cover production and marketing costs. There are silver commemoratives, medallions, ingots, and other collectibles available, but you'll find that the price of what you are buying will cost far more than the silver content You may not even get as much silver as you think. The standard is .999 fine silver so find out as quality can vary. Collectibles and numismatic coins require more diligence, effort, and expertise in both buying and selling them. [2008] - Paul Mladjenovic

I believe silver is a once-in-a-lifetime opportunity. Today it's a cheap, low-risk investment anyone in the Western world can afford. That is why I watch the trends and purchase silver anytime the silver market drops in price. [2008] - Robert T. Kiyosaki

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