| Buying Gold Coins
The Investment U e-Letter: Issue # 315 Buying Gold Coins: The Ultimate No-Brainer “Psst, Porter, I just went over to Burt Blumert’s booth, and he’s selling 120-year-old gold coins for $442. Right now gold’s at $436 an ounce.” Porter Stansberry, head of Stansberry & Associates Investment Research, hopped up from his seat at our gold conference in Long Beach last week and immediately jumped on buying gold coins from Burt. He knows a good value when he sees it. I then told Tom Dyson of The Daily Reckoning, and he did the same. How can you go wrong? Porter handed me a coin he bought. This particular coin was minted in the U.S., 1883. It’s called a Liberty Double Eagle. It’s large, solid and heavy. Weighing in at just under an ounce of gold, it’s heftier than you’d think. At the next break, I told the audience about it. “It’s a 120-plus-year-old gold coin, for a few bucks over the price of gold.” The audience jumped up too, and crowded Burt Blumert’s booth. Why would anyone buy a Kruggerand or Maple Leaf - gold coins minted as recently as yesterday and in infinite supply - when you can practically pay the meltdown value for a 120-year-old piece of American history? While there are no guarantees that buying gold coins will dramatically increase from their current prices (at just a tiny premium above melt value), you can be rest assured that your downside risk is limited. Someone will always pay the meltdown value of the gold for ‘em. (If you’d like to buy a 100-plus-year-old double eagle Liberty like Porter’s, give Burt’s office a call at 800.982.7070.) More Great Ideas on Buying Gold Coins - Including the “Life Cycle of a Mining Stock” Burt Blumert was just one of the speakers here at our second True Wealth Gold Summit in Long Beach. And most of the speakers offered up “no-brainers” in gold in their particular areas of specialization, whether it was a gold stock or a gold coin, or something else. We were fortunate to have the world’s best names in gold all appear for us. For example, David Hall invented coin grading, revolutionizing the coin market two decades ago. David came and spoke to us. He offered up what he sees as the five best values in rare coins right now. And he even gave us a private tour of his coin graders, behind closed doors at the massive Long Beach Coin Show, something most dealers have never had the privilege of seeing.
Frank Holmes of U.S. Global Funds (http://www.usfunds.com) also spoke. There are over 10,000 mutual funds in the U.S. alone, and currently Frank has the top three, based on three-year performance. An incredible record! Frank offered up his favorite mining and energy-stock ideas. More importantly, he taught us to fish… He shared with us his “Life Cycle of a Mining Stock” idea, which I’ll share with you here. The Life Cycle of A Mining Share: “They always fall 70%”
Frank showed how the excitement rises and everyone gets into buying gold as a junior mining company has a major discovery. Then reality sets in - that it’s going to take years to turn the discovery into cash. Here Frank said: “They always fall 70%.” That’s exactly when Frank gets interested. When they’re getting to the boring business of pulling the metal out of the ground is where the real money is made. He then gave a few examples:
These are just a few examples of great gold-coin investing ideas people presented at the conference. I’m biased of course - it was my conference - but I thought it was incredibly valuable. If you want to learn every possible way to invest in gold, and with whom to invest, you’ve got to make it to our Long Beach Gold Summit, which will be about the same time next year in the same place. For now, if you’re interested in buying gold coins, get in touch with Burt Blumert’s office. And get a hold of some 100-plus-year-old gold coins, at a few bucks over the price of gold. You’ll be glad you did. Good investing, Steve Today’s Investment U Cribsheet
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