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Purchase Precious Metals Directly
Rich Checkan, Vice President of Asset Strategies International, discusses the advantages of a unique, conservative way to buy precious metals directly.
Special Briefing...Rich Checkan...How to Buy Precious Metals
Gold Bullion Coins
- Recommended bullion coins include the Maple Leaf,
the Eagle, the Philharmonic and the Kangaroo - buy
whatever is cheapest at the time.
- In buying, you pay spot plus 4.5% to 5.5% for 10 coins
or more (slight breaks for larger quantities); in
selling, you get spot minus a range of about -1%
to +1.5%.
- For more information click Bullion
Coins & Bars.
Saving Through the Perth Mint
- In purchasing Perth Mint gold certificates, you pay
2% above spot, saving the 3% fabrication fee by choosing
unallocated bullion; you also save on shipping (sending
the certificate costs only about $10).
- You get a titled certificate of ownership (not
a bearer bond) that is transferable but not negotiable;
to claim the assets, you have to prove titled identity;
in the case of death, the beneficiary would need
to produce a death certificate.
- A seamless way to transfer the certificate is to
include the intended beneficiary on the original
title if you are not concerned about access security;
also, a trust can own the certificate and disburse
the assets.
- In selling back to the Perth Mint, you get 1%
in back of spot - total spread is 3%.
- For more information click Precious
Metals Certificate Programs.
Physical Silver
- For the lowest premium, purchase 100-ounce bars - 3%
to 6% over spot; a sale is usually at a discount to spot (of
about 5 to 15 cents).
- Premiums for $1000-face-value bags of 90% silver
run about 8% to 12%; for 1-ounce Eagles or Maples,
premiums can be upwards of 30%.
- Perth also offers silver, platinum and palladium certificates
at the same spreads as for gold - 2% to buy and -1%
to sell.
- The savings through Perth are magnified for silver
by the huge shipping costs to move the bulky metal.
Advantages of Perth
- You bear no recurring storage fee when purchasing precious
metals from the Perth Mint.
- The metal you buy is 100% backed on premises at
Perth - there is no shorting.
- Stability is underscored by the fact that you are
dealing with a reputable government that turns a profit.
- The certificates are portable and easily liquidated
in many places in the world.
- Some people definitely want physical possession, but
ASI recommends a mix of the physical and Perth certificates.
- For more information click Precious
Metals Certificate Programs.
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