A golden outlook

So another year has passed, and a new one has started. So many people have new dreams for the following year ahead of us. Some want to go on vacations. Some want to move to a nicer or bigger house. Some want to get a shiny new car. And most of us want to have good health and prosperity.

I of course plan on working as hard as I can to help paying down my debt. It's looking pretty good since this time last year, so I must be doing something right. I just want to be able to do a little better this year. Okay a lot better is fine too! It would be nice to be debt free and be able to invest more for my retirement. I wouldn't lock everything into any sort of registered retirement fund though. Uh-uh. I would like to be able to spread it around a bit, and invest in other avenues as well. Take gold and silver for example. Have you ever followed the prices of these precious metals for any length of time to see how they're rising? Gold has more than doubled in price over the last five years -- almost tripled, in fact. Same goes for silver too. It sure would be nice to be able to have a few extra bucks to spend at Monex on some gold and silver, and sock it away in a safety deposit box for a couple decades, but for now I have to concentrate on paying that loan of mine off! ;-)

Olivia

Silver coins

A couple of years ago I had the opportunity to purchase about five rolls of quarters that were all older coins -- silver coins. I bought those rolls of quarters and brought them home. I don't really know why I did, other than the fact that they were older coins and I wanted to have a look through them to see just how old some of them were. Most of them were from the early 1960's and a few were from the 1950's. They were in pretty good shape I suppose. I'm not an expert at old coins and their conditions, but they seemed to be pretty good to me. I checked out what some of these coins were going for on eBay, and discovered all the different grading that is taken into account to decipher the value of an old coin. At that point I realized that I really didn't know much if anything about old coins, other than what coins were silver and what coins weren't. Upon further surfing through the auction listings I found that some people were selling bulk lots of silver coins, basically for the silver content, and not really for the purpose of coin collecting. I don't recall what the going price of silver per ounce was at that time, or what the total weight was of this lot, but I do remember I made a nice little profit when I sold those coins as a bulk lot of silver!

Investing in silver is a great investment. There is a big demand for silver and the availability of it is rapidly depleting. Prices of silver are steadily rising. It's now going for almost $15.00 per ounce, which is up around $5.00 since June of last year. This is something I regularly check the price of, since I have a few silver bullion bars in my safety deposit box. You can check out the latest silver prices at Monex, which is one of the largest and most experienced firms in America that specialize in precious metals for individual investors like you and me. Since 1967, Monex has sold billions of dollars worth precious metal bullion and bullion coins to over one hundred thousand investors. They have some great information on investing in precious metals, and particularly the current silver trend. Check them out for more information on investing in silver coins and bullion bars.

Olivia

More on gold

Did you know that gold investments are sold in ingot form? An ingot is formed when a metal is heated past it's melting point, and then the molten metal is poured or cast into a mold, such as a bar or a block. This makes it easier for transporting, rather than irregular shaped pieces such as nuggets.

The other day I was talking about adding gold to your financial portfolio as an investment. Well, if you're wanting to find out more about how you can go about purchasing gold in an investment form, then I would suggest you head over to the Monex Deposit Company's site. They've been the precious metal investment leader in America for over thirty years now, which should give you a feeling of comfort dealing with the best there is.

Olivia

All that glitters is not gold

Gold. One of our worlds most precious metals. We wear it in jewelry, some of our coins are made of gold, and many people, including my husband have it in their mouth used for dentistry purposes as capped teeth. But do you have it in your safety deposit box as an investment? The wise investor will have some gold bullion included in their investment portfolio.

Unfortunately, I'm not in the financial situation at the moment to have any gold in my own portfolio, other than my jewelry and those two gold capped teeth of my husbands, but it is something I would like to consider investing in somewhere down the road.

Another thing I have always wanted to do is pan for gold, just like they used to back in the days of the Klondike. I think it would make for a pretty cool vacation. A nature trip, so to speak. Camping in the great outdoors somewhere out west near a river, with a blackened pan searching for a gold rush. Maybe I could discover a new gold vein to mine! Hey, I might as well dream big! These things do happen after all. See what I mean by reading what General Metals Corporation has to say about their latest gold mine purchase in the following press release...

Gold Expected to Dominate the Investment Horizon, Experts Advise Early Stock Purchases (Reno, NV – March 5, 2007) Traditionally, gold has had an inverse relationship with the stock market. When stocks go up, the price of gold usually falls; when stocks flounder, the price of gold usually skyrockets. Some experts believe it could mean a lot for investors in 2007, because gold is once again catching the eye of the investor. For General Metals Corporation, the news couldn't come at a better time. “With our plans to begin drilling at Independence Mine, we’re more than thrilled to hear gold is making a comeback,” states company CEO Stephen Parent. “We’re even more excited with our location; it’s a proven producer.” General Metals acquired the Independence Mine in northern Nevada and became a public company last year, trading under the symbol GNLM. Predominantly a silver mine from 1938 to 1987, the Independence Mine is estimated to contain over two million ounces of gold, as well as over two million ounces of additional un-mined silver. As the Independence Mine is essentially an island within Newmont Mining’s Phoenix Mine, the area is already a proven producer. According to Parent, they plan to remove the precious metals in two phases. “Phase one includes our ‘shallow’ targets,” says Parent. “The shallow targets contain less gold, but they’re easily and quickly accessible, which will encourage early cash flow. Phase two is where the majority of our gold will come from. It’s deep mining, but we expect it to produce 1.4 to 2 million ounces of gold.” They expect to produce 20,000 ounces of gold in the first year, 60,000 ounces in the second year and 70,000 ounces in the third year -- approximately $101 million from early estimates. The company also anticipates an additional $1.36 billion to be gained from phase two production. In an effort to increase their mining production, General Metals has recently acquired the Nyinahin Mining Concession in Ghana. Located in one of the most active exploratory areas in the world, this concession shares borders with several major mining companies, including Newmont Mining, Napoli Gold and Dunkwa Continental Goldfields. “Financial experts are predicting gold to play a key role in investor’s profiles during 2007,” adds Parent. “But due to the timely nature, potential investors will need to act quickly in order to maximize their gains.”

Olivia



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