ANA Blog

06 Aug 2015

What You Need to Know Before Investing in Gold

Consumer Alerts | ANA Official Post | ANAStaff

One of the most popular ways to invest in gold is through exchange traded funds; more commonly referred to as ETFs.  There are a few reasons why individuals choose to invest in this form of gold.  Most obvious is the convenience of being able to purchase shares through a brokerage account with a couple of keystrokes from a computer.  Secondly, it’s possible to invest in shares that are a fraction of standard size gold coins and bars, which provides a bit more flexibility.  Thirdly, the expenses associated with investing in ETFs are minimal.  Lastly, the round trip commission associated with buying and selling gold through ETFs are nominal on an annual basis.  While on the surface, investing in gold ETFs may sound like the ideal investment, the fact of the matter is that investing in gold ETFs is a very risky proposition; much more than you may have realized.  In this article, we’ll share with you some of the potential pitfalls associated with investing in gold ETFs and why we believe that an investment in physical gold coins and bullion is a superior option.

01 May 2015

Toning Experiment

Exonumia | Longstrider

   I don't usually buy bullion rounds but I was at my favorite coin store the other day and I saw these. They are one ounce silver rounds put out by some company, I think, to celebrate their 10th anniversary. They, he had a roll, feature a dragon and peacock on the reverse and the company logo on the obverse. The dragon was the first thing to draw me in then I saw the edge. All 20 coins had this dark toning all around the coin with the toning starting to creep over the main surfaces. I bought one of the rounds in the hopes of watching the toning progress over the rest of the coin.

30 Aug 2014

Always Take Physical Delivery of Purchased Precious Metals!

Stocks & Bonds | Mike Ellis

For those of you who know me, especially if you know me well, my most oft quoted numismatic statement is, "Never, ever buy coins off of television!" My second most oft quoted numismatic statement is "When purchasing bullion, always take physical delivery!" Sorry folks but holding precious metals, that includes coins, on paper is just plain foolish. If you want any precious metals to be part of your IRA, make that the IRA of a safe deposit box at the bank or your own immobile vault! Never hold it on paper!Why? Check out this story: www.coinweek.com/bullion-report/merit-gold-silver-longer-accepting-bullion-orders/ . I am certain this is just one of many such stories coming. And it is not the first time this has happened. To my knowledge, precious metal pushers have been scamming people out of their hard earned money forever, especially since the early 1980s, again in the early 1990s and apparently now it is going to start up again. Every time there is a run up of values in precious metals it has been followed by a crash where prices settle back where they were or even lower than they were before parts of the run up. It has not been so obvious this time around and it may never again fall much below where it is now but, it is much lower than the record prices were just a short time ago. Plenty of people have lost lots of money and now some are beginning to lose it all that was on paper. Some have made money as well but they usually know what they are doing and are often those who sell it on paper and then disappear!I am just trying to share fair warning. Do not let history repeat itself with you being the victim this time!