Did you know that gambling casinos typically generate a profit of about 2% on all the money that is bet in their facilities? So if $10 million is wagered in a casino in one day, they make $200,000! That explains why casino hotels are likely to offer you a cheap room to stay in, or even a free one. The more people they get through their doors, the more money they make.Read More
Let’s start today’s post by asking two questions . . .
First, a pleasant question. You own precious metals, and that is good. But do you know exactly what you own, how much they weigh, and where they are located?
Second, an unpleasant question. If you were to die today (unpleasant!) or contract some illness that would incapacitate you for a period of time, would your heirs know exactly where to find the precious metals you own, or would they be at a loss? Or could they fail to find some of the precious metals you own?
As 2018 is now in the past, we are sensing a lot of uncertainty about investing in precious metals. Some of that uneasiness is due to recent events, such as our country’s imposition of higher tariffs on imported goods. Another new development is that AMPEX, a major dealer in bullion, is now allowing investors to pay for their purchases with Bitcoin. We don’t actually know whether that will produce big changes in the trading prices of gold, silver, platinum and palladium – after all, every time you buy any precious metal you are paying for it with some kind of currency, right? But paying for precious metals with Bitcoin is making the news, and causing traditional traders in precious metals to ask, “What does it mean?”Read More
“A bucking bronco” is the best way to describe what has been happening on the stock market in year 2018. On any given day, the Dow Jones can plummet 300-500 points. Then the next day it comes galloping back. And just when jittery investors start to think, “Thank heavens that is over, whatever it was,” the Dow takes a plunge again.Read More
If you do some searching online for “best places to hide precious metals,” you will find dozens of articles that offer advice on the smartest places to hide precious metals in your residence.Read More
Do you have gold, silver and other precious metals that you would like to store safely away? If so, what are your most secure and loss-proof options?
In today’s post, we’ll discuss some of the popular storage places people choose for precious metals and explore what is good and bad about them.Read More
What effect will the new tax law have on the value of your precious metals?
The answer is that nobody knows the answer to that question, even though plenty of people are writing their opinions on the topic.Read More
Today’s post is a bit different from others that you have read on this blog in the past. We’re not going to focus on precious metal investments that you can make today. Instead, we’re going to take a long-term look at trends in space exploration and aeronautics that you should be aware of – trends that could reshape the world of precious metals in the future.Read More
For several years now, the most common comment we’ve been hearing about investing in gold has been, “Gold prices are so low… stay away from it as an investment.” That’s the common wisdom. It might be common. But it is wise? Not really.Read More