Awgee is this you?

NEW -> Contingent Buyer Assistance Program
My understanding is that the Fed does not even have to "print" the money any more. Just before they buy the Treasury notes from the Treasury dept., the Fed enters a number with a bunch of zeros in their computer where it says "CASH".
 
lol awgee.

As far as I know, the dollar bill has long costed more than a dollar to print. IIRC, it was something around $20 all told.

Another startling fact I heard was that the typical $1 bill only lasts around 15 months in circulation, whereas the typical shelf life for a coin is 26 years.

They really should have stopped making dollar bills long ago in favor of coins. Yeah yeah, it may give a "Euro" feel, but anything to save the government expense should be taken seriously.
 
I've never owned a commodity specific investment. What do you guys recommend for purchase? Just Gold? Precious Metals? Commodity (Oil, Gold, Corn, Wheat) ETFs? I feel good about my current investments with a good chunk overseas but suppose some commodities will help out when the stock market dips and they lower interest rates again...
 
Commodities are something you typically trade rather than own. The leverage in the futures market is so extreme that typical movements of the market can easily wipe you out. There are some ETFs where you can purchase these as stocks and take positions that are not so leveraged. i would look into those.
 
Most desireable to more desireable to desireable:

1: Physical bullion gold, silver, and palladium in coin or bar, without numismatic added value

2: The same as 1: except including coins with numismatic value

3: Gold ETF, (GLD), or silver ETF, (SLV). There are other precious metal ETFs and they are fine.

4: Bullionvault.com or goldmoney.com

5: pool account at kitco or Perth mint

Do not buy mining or precious metal stocks unless you know how to invest in precious metal stocks and you absolutely know that the odds are that you will lose money in precious metal stocks.

Do not buy leveraged futures no matter what you think you know.
 
awgee should have a gold nugget as his icon.

gold.jpg
 
Palladium looks like an industrial commodity first and foremost. It's had some violent price swings which appear to have been precipitated by various industry trends.

I'm with jw... Awgee, why palladium?
 
jw - The answer is way stupider than the question. (ha-ha)

Platinum and palladium are as effy says, industrial use commodites first, and the main use for both is catalytic converters. Catalytic converters use the same amount of palladium as they do platinum for their pollution reducing action. As you can see plat is way more expensive than pal, so why does Detroit and the other automakers use plat? Because that is what they are geared up to use. I have been informed it is time for dinner. More later.
 
Awgee, I reckon palladium's heavy use as an industrial metal makes it more of a commodity play and less of a reliable storage of wealth. I've no doubt that palladium could preserve wealth but then again so could any other industrial metal. Gold seems like more of a "pure" wealth store, less subject to the whims of industry.
 
There are some laws which are taking effect right now which affect the pollution requirements on trucks, either here or Europe, and these laws will make the use of catalytic converters a must for trucks. Platinum is so much more expensive than palladium, that I think the catalytic converter manufacturers will start using more palladium. So far, pal hasn't made any big moves compare to plat. I would tend to agree with effie that the p's are less of a wealth preservation asset. Now that I am thinking about it, (I haven't really thought about palladium for a long time), I would stick to gold and silver if I had it to do over again.
 
You must log in or register to reply here.
Back
Top