I've been saying it since 2001, BUY 1oz GOLD Eagles NOW! Read....

Central banks are still dumping hundreds of tons of gold a month, capping the price. Before the price rise in gold is done, the central banks will be buying it back. It will go much higher than most people would believe possible right now, at least 5000 an ounce. Be prepared for some huge price swings though, like it did in the 70s.

If you want to have a real understanding of what is going on with the US economy right now, as as well as understanding why gold and other precious metals are still an excellent investment, I'd highly suggest picking up Peter Shiff's book 'Crash Proof: How to Profit From the Coming Economic Collapse'. Peter Schiff is the President of Euro Pacific Capital, and is often brought in as the "voice of opposition" on many financial news segments due to his bearish views on the dollar and the US economy. Unless some serious changes are made, we are headed for a hard crash that could well take decades to recover from.

Did I also mention he's endorsed Ron Paul for President?

First remember the US government issues t- bills not in the best interest of the purchaser, these t-bills are designed to depreciate in real purchasing power Secondly.notice the USD index continues to drop to new lower levels, a clear sign the rest of the world does not want the USD.
Thirdly, as people take physical possession of gold and more legitamate means of investing in gold are developed, the true function of gold will take effect.

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Call me pessimistic, but I can imagine the Bush/Cheney empire banning gold the way FDR did, even if in coin or other specie. They will trot out National Defense as a reason. No reason and I hope I am wrong.

I just wanted to point out that a highly respected online 'e-gold' company Gold Money (goldmoney.com) plans to offer a precious metals IRA plan coming in 2008.

More info: http://goldismoney.info/f...

Also do a little research. Goldmoney is a much better than buying GLD, SLV, IAU or something like that. Right now they are having some problems taking electronic checks from U.S. customers but hopefully they clear that up soon.

on a post here that the dollar will rebound in 2008.

Look...you will not be protected by investments in munipulated commodities. I was a gold miner in the 80's and watched the markets rise and fall around metals. Folks were being directed into these investments then too...only to watch their $800 gold fall to $250 and stay there for 20 years ! How many of you folks could bear this now ?

Corrupt markets are no shelter...and once folks are heavily invested in these false investments...they will drop them again....WHY ?

Because they ( major banking interests ) make $ "breathing" the market,
not perpetuating the continous rise of a commodity. Oil prices, as with metals...rises and fall in cycles based on fales market infomation.

Some believe in the "peak oil falsity"...therefore they invest in alternative energy techology ( solar, wind, hydrogen etc. ) but before the new tech. can be mastered and TRULY provide competition to the market, oil prices fall again and wipe out the incentive to continue the research/development.
*** There is NO shortage of petroleum reserves...in fact mapping of present reserves ( not counting what will be discovered in the future ) shows that we have sufficent supplied to last for 1000+ YEARS including forecasted increases in useage !!!

So friends...as presious metal prices are directly linked to this FALSE market ... they too will rise and fall without validity. Therefore one MUST realize that these investments are speculative at best.
Now if one takes into account other factors such as TAXES and possible CONFISCATION...then the security & benefit is questionable.

I was fortunite enough to see this in the late 80's and divested of these commodities into real estate here in Costa Rica. Not to toot by own wistle or anything but I have done VERY well indeed. In fact as the real estate bubble looses air back in the states...our real estate market soars higher !
Costa Rica has an extremely free marketplace and is strong on personal freedom, tolorance and peace.
*** No Military = No Enemies...and that equals NO terrorists ( real or imagined ) so we are not Ying / Yanged with threats or hype...nor are we pouring $$$ into a military or military police state.

Just to set the record straight...I came to CR 23 years ago with two young children and less then $15.000 in cash and a $312 p/mo. VA disability pension.
I am an obsessed Dr. Ron Paul supporter and have given of myself both financially and in time...and I NEVER mis an opportunity to promote him to my clients ( I assist folks who wish to retire, relocate or invest here ) his values and platform.

God Bless this noble gentleman...lets bring him to the presidency.

MERRY CHRISTMAS & HAPPY NEW YEARS

You have to pay taxes on physical gold that you have if it increases value? Or just if you buy stocks in gold?

in Australia and hold your physical gold and silver there. If you decide at some point you want physical metal, they can arrange worldwide transfers. I have dealt with them for the best part of a decade and they are very good. Google "Perth Mint".

The Mint is run by the state of Western Australia, not the Australian federal government. If you know anything about Australia, you know the people in the western part of this country are very proud and independent-minded and don't take any cr*p from the "Feds" (this is a good thing).

Lisa C.
www.women4ronpaul.com

I by gold on Ebay, through PayPal (Only), it's insured this way. Also, there is no tracking, no 1099, no taxes on the increase.

If you've got an extra 20 bucks, buy a silver coin, an extra 850, buy a gold coin. Buy a silver coin at least once a week. PayPal only.

I woke up at 650/oz., 9 bucks for silver....just a few months ago.

I perused that site you posted for a few minutes, and the implication is that our government ie members of Congress, et al., KNOW about these "budget surpluses".

What I am wondering is how this fits in with what Ron Paul has talked about (along with others) & written over the years... about our budget crisis, about the deficit, overspending, the S.S. fund being looted, borrowing from China billions every week etc.

...watch your tax hit!!!!!!! I'm serious here. I just took a tax class (almost failed the darn thing because it so confusing! I'm a straight A student to boot!) ...and if you don't know what you are doing you are going to get SMACKED! with a huge tax bill. Go pick up the IRS publication and check it out before you go draining your IRA's, 401k's, etc.

Ron Paul isn't president yet and we still have our taxes to worry about.

By the way, I burned the freakn' tax textbook or I'd post the implications of doing this. Sorry. ;)

What about palladium? Noone ever speaks of purchasing palladium bullion.

you can own gold American Eagle 1 oz coins in all your IRA's, SEP, Rollovers etc. Check with your broker and don't let him/her talk you out of it with scare tactics like "high fees" and buying it at retail but having to sell at wholesale prices if you want or need to get out. Also did not let my broker talk me into gold tracking stock, ticker symbol GLD, I demanded the real thing. Only thing that can happen now is that the bank holding it, Statestreet runs off with the gold or the US Government confiscates it. In which case we're all screwed anyway.

The economy is going down and when things get bad there will be no money to buy Gold or Silver but the Government will print enough to honor their obligations. T Bills are best while we head for a deep depression which will be world wide.

you want it small and transferable. And you don't want it to be confiscated.
anglofareast.com

Keep in mind that even if Ron Paul gets elected, the financial perfect storm is already on the horizon and his Presidency would be a positive move in the right direction, but it would not stop the meltdown from happening.

Would Ron Paul dismantle the Federal Reserve right away? No. The Fed is the reason we have monetary inflation at +15% this year. Even if Dr Paul is elected, I don't think Bernake will simply turn off the monetary spikut and stop dumping worthless dollars onto the market.

Dr Paul would have zero control over the foreign central banks. Many are "printing" money at ~10% (Eurozone) to over 40% (Russia.) This inflation is causing golds price in paper currencies to rise.

Someone mentioned that we will experience a deflationary period. This is a possibility and is hotly debated. However, Ben Bernanke, in his Doctoral Thesis blamed the Depression on deflation (not the rapid inflation that preceded it) and said he would inflate his way out of a similar situation. This is why we are seeing the unprecedented M3 numbers today.

Gold confiscation - Back in the 30s, normal everyday Americans used gold in their day to day transactions alongside dollars. The USD was redeemable at 1/20th an ounce. Almost everyone had gold. These days, almost NOONE has gold. Maybe 1/10th of 1% of Americans have some bullion. Are we to believe that the governement, using its limited resources, is going to find those .01% of Americans and confiscate the gold? I'm not so sure.

On types of gold to buy... You want to buy the bullion that has the lowest premiums. The premium is the amount of dollars above the spot price a coin costs. An eagle might cost $850. (I haven't checked recently.) If the spot price is $800, the premium is $50. Eagles have very high premiums. Krugerrands, bars and other forms of gold bullion carry smaller premiums. Keep this in mind when looking for your best price.

Gold in IRA. Yes you can place gold in your IRA. www.apmex.com has information.

However, I would be more worried about the government raiding IRAs, pension funds and 401(k)s than I am worried about them coming after a few gold coins laying around the house. (or buried in the back yard! haha)

Good luck everyone. Don't panic. Be smart. Realize that even gold ownership carries risks. Even though things look to be happing a certain way, beware of a "Black Swan." (Bernanke suddenly raises rates, etc...)

Yes you are right. I have already cashed my main 401k and have a smaller other one I cash next year. The dollar has lost around 8% this year alone. Anyone holding paper assets should convert them to gold and silver bullion and take physical possession. Do not leave your gold in a safe deposit box, it can be seized, locked out, etc...Keep a small amount of cash on hand but not in the bank. I won't go into the case for gold here but click on the Swiss America Banner on the dailypaul.com homepage and read for yourself. People, buy gold and silver bullion now and secure it in a safe in your own house! In the future you may not be able to buy the bullion because of scarce supply and waiting lists. Be ahead of the mass public and get it now before there is a rush. I know 800/oz sounds expensive but its going to $1000/oz and maybe more very soon! Don't delay your paper dollars are losing money. Congress just approved 555 billion spending budget, the fed it lowering rates and printing more money out of thin air! This will only debase the dollar further! Let it be known it was said now before the rush/panic!

Does anyone know if I can invest my IRA money in gold bullion directly? I don't relish the idea of pulling the money out to invest in gold and then having to pay the taxes and penalty which could easily eat up 60% of the value.

Try www.anglofareast.com

They actually have some interviews with Ron Paul on sound money. A good resource as well.

Tell Philip Judge that Clell sent you.

I follow Harry Browne's Fail-Safe Investing plan.

25% gold
25% aggressive stocks
25% cash
25% long-term US treasuries.

Requires no prognostication. Dummy proof. May not set the world on fire, but it's up > 9% per year since early 1970's with nary a down year.

Is there any difference in buying gold coins versus investing in gold through my broker? It seems a lot easier to not have coins to keep track of.

http://www.jpost.com/serv...

THESE THINGS 5 YEARS AGO. MY CLIENTS THOUGHT I WAS CRAZY ON CRACK BUT NOW THEY THANK ME EVERYDAY FOR MY WISDOM AND JUDGEMENT. THIS GUY IS RIGHT WE DONT HAVE 4 MORE YEARS. IF PAUL DOESNT GET IN ITS OVER AND I MEAN THAT.

In any volatile market, diversification is key. Some assets are going to go up, some will go down, and many will move sideways (neither up nor down over time). I experienced this during the dot com bubble bursting a few years ago. My current strategy is this:

30% Gold, via the StreetTracks Gold Trust ETF (ticker: GLD)
20% S&P China ETF (ticker: GXC)
20% U.S. Global Resource Fund (ticker: PSPFX)
12% BP Prudhoe Bay Unit Trust (ticker: BPT)
10% Vanguard S&P 500 Mutual Fund (ticker: VFINX)
8% Other (including Cash)

You may ask why I'm holding any one of these types of investments. Gold is a good hedge against inflation and geopolitical strife, which we've had large amounts of both the last few years. I hold the S&P China ETF because their country is growing at double digit rates and they are running a huge positive trade balance against us, which gives them a huge benefit economically (like it or not, that is how it is... our country was once that way as well). The global resource fund is held for much of the same reason that the Prudhoe Bay unit trust is held -- it essentially converts your U.S. dollars into petrodollars, which are an inflation hedge and a large (but risky) payer of dividends. The other nice aspect to the BPT unit trust is that it operates with no debt. As for the Vanguard S&P 500 fund, I've held that for years and do not want to sell it yet. The 8% "other" includes EFA (Europe and Far-east Asia) which is very diversified in around 2,000 different companies in those regions. The drop of the U.S. dollar also helps boost this fund, although it could be argued that it hurts in the long-term. The "other" also includes cash, which is a good depression hedge.

To learn more about investment strategy, I listen to the Financial Sense webcast. I also read Barron's Guide to Making Investment Decisions -- which is the best book I've bought for a penny.

...and, like they always say, these are opinions and not advice. Please seek advice from a professional investment advisor, or make up your own mind, before investing in anything.

The sky is not falling, at least not yet. While the stock market(s) are long overdue for a correction, gold is now at all time highs. 2001 was a great time to buy Eagles, but now, perhaps not the best advice. You are overlooking the rest of the world economy, supply and demand,currency valuations, and more importantly that the Dow is valued in dollars, thusly adjusted for inflation, is not more valuable then in 2000 when it was just under 10,000. Is it still due for a correction? Sure, but not down to 3500. Testing 8000 to 10,000 would be very healthy and probably long over due.

As far as the dollar goes, it has been rallying against the Yen, Pound and Euro. All these currencies are fiat money, so you can only compare the value one against the other. The Fed has played a game of chicken with interest rates. The Bank of England was the first to blink( cut rates), The European Central Bank is next, and of course the Japanese will follow suit. This all bodes well for the dollar, by design. The only holdout is the Chinese, if they ever let the Yuan float, which is doubtful anytime soon, then hyper-inflation or hyper-stagflation will soon follow. Look for the dollar to continue to slides as the Fed continues to cut rates, probably down to 21/2 to 3%.

The crash of 1929 was caused by a lack of liquidity, not an over supply of money. What happens during an over supply of money cycle is your wages are cut and your savings are eroded. During an inflationary cycle, which we have been in for quite sometime, its best to pay off debt, avoid new purchases and generally live lean and mean. Growing a garden will probably give you a better return on your money than buying gold at its all time high. The same is true with hunting or fishing or trading in a gas guzzling car for one more economic.

The best thing we all can do for ourselves is buy American. This ensures
employment for yourself and your neighbors. As consumers we can stop the trade deficit the politicians do not seem to care about by simply buying American. Conversely, you can not eat preciouses metals either.
If the sky is falling wouldn't you be better off buying a farm? Everyone has got to eat and this whole bio-diesel / ethanol push of using corn, soybeans and sugar cane to manufacture alternative fuels is a bad idea;
and the government subsidizing that bad idea is even worse policy. Using tax dollars to force an increase of food prices from bread the beef is down right stupid. Although it validates my garden suggestion.

In conclusion common sense trumps knee jerk reactions every time.
The best way we can help Dr. Paul once he is elected is to exercise some common sense in how we conduct our personal affairs. By the way, I am not suggesting that buying some gold or silver is a bad idea, I am just pointing out that it is not the only answer or necessarily the best answer to harder times ahead. Gold and silver are merely a hedge against
inflation, not the only answer.