The Fiscal Cliff is coming, the Fiscal cliff is coming...Hide the women, protect the kids, it is coming! Folks it is time to slow down, take a deep breath and look at an issue with logical for once...The fact is going over the cliff would force the government to make cuts and moves they would otherwise avoid. As for the those screaming doom and gloom they all have their reasons. General Dynamics and their investors want to continue building tanks the army does not want or need. Investors are fully engulfed in many projects financed by the government and of course there are thousands of lawyers and CPAs fearing a simple tax process.
But don't take my word for it..Read Mark Schmitz of Time...
Wednesday, November 28, 2012
Monday, November 19, 2012
Christmas Gift Ideas
The time is here, Christmas shopping and that means present hunting. Well, here's an idea; silver coins. Okay, maybe they aren't a Xbox 360 or Ipad, but silver coins are a great way of investing in your kids' future.
Buying a silver coin is simple, so long as that search is not for collectible coins. There a hundreds of dealer options, but one I have used numerous times is AMPEX, located in Oklahoma City. APMEX deals in numerous types of coins, but I would suggest sticking to the American Silver Eagle. The price of these coins are basically tied into the price of silver, offering a great way of obtaining physical silver. The Eagle is a pay for what you get type of coin, no guessing if it is rare or collectible.
Another option is the Silver Morgan coin, but venturing into this arena is a bit trickier, because the Morgan is a collectible. Circulated in the late 1800's, the Morgan is associated with the Wild West, making it a highly popular coin.
So, when Christmas shopping this season, think about silver coins and the investment opportunity they can provide.
Buying a silver coin is simple, so long as that search is not for collectible coins. There a hundreds of dealer options, but one I have used numerous times is AMPEX, located in Oklahoma City. APMEX deals in numerous types of coins, but I would suggest sticking to the American Silver Eagle. The price of these coins are basically tied into the price of silver, offering a great way of obtaining physical silver. The Eagle is a pay for what you get type of coin, no guessing if it is rare or collectible.
Another option is the Silver Morgan coin, but venturing into this arena is a bit trickier, because the Morgan is a collectible. Circulated in the late 1800's, the Morgan is associated with the Wild West, making it a highly popular coin.
So, when Christmas shopping this season, think about silver coins and the investment opportunity they can provide.
Tuesday, November 13, 2012
Now What to Do?
The election is over and President Obama will be serving another four years, so now what? There are two different ways of approaching this situation. For a Republican it is a time of concern, but for an investor it means four more years of the same.
So what does that mean? For some it means very rough times. CNBC's Marc Faber is predicting a market meltdown. This is a plausible outcome as the economy is on shaky ground and it won't take much to tip it over. But dealing with what we do know is the administration will continue their policy of a weak dollar. The Fed Reserve and Obama will continue to print money and with that the value will stay weak. In other words, buy commodities, such as gold and silver. People will flee the dollar and move into precious metals as interest rates will also struggle.
Another area is green energy. Obama will continue to back the movement out of fossil fuels and into renewable sources. However, be very careful as with any new market there are going to lots and lots of losers.
We know what Obama has done, so focus in on that, but keep on eye on what he might do!
So what does that mean? For some it means very rough times. CNBC's Marc Faber is predicting a market meltdown. This is a plausible outcome as the economy is on shaky ground and it won't take much to tip it over. But dealing with what we do know is the administration will continue their policy of a weak dollar. The Fed Reserve and Obama will continue to print money and with that the value will stay weak. In other words, buy commodities, such as gold and silver. People will flee the dollar and move into precious metals as interest rates will also struggle.
Another area is green energy. Obama will continue to back the movement out of fossil fuels and into renewable sources. However, be very careful as with any new market there are going to lots and lots of losers.
We know what Obama has done, so focus in on that, but keep on eye on what he might do!
Monday, November 5, 2012
Election Day
On July 2, 1776 a group of men convened in Philadelphia, Pennsylvania. When the meeting concluded a new nation was born, The United States of America. Over the next 236 years this country has grown well beyond the original colonies, spanning from ocean to ocean. During this time period we have had some dark hours. Slavery, segregation, the massacre of the Native Americans and the oppression of female voting rights are some examples. However, there were always voices demanding these wrongs to be made right and eventually they were corrected.
Let's face it this is a great country, one unique in history were freedom has reigned and so many have basked in it. A pillar of this freedom has been voting and the ability of the people to shape government through voting. Today we are given this opportunity one more time, don't miss it. The power has and will rest in the hands of the people, make sure you use it.
On a personal note, my wife and I have had long discussion about this election. Not because of economic issues, tax issues, abortion or birth control. You see our son is joining the military in a few years and we both realized the person who wins tomorrow will decide when and where our son puts his life in danger. This has weighed on us both. Just something to think about.
Good day and happy voting...After that the investing begins again.
Let's face it this is a great country, one unique in history were freedom has reigned and so many have basked in it. A pillar of this freedom has been voting and the ability of the people to shape government through voting. Today we are given this opportunity one more time, don't miss it. The power has and will rest in the hands of the people, make sure you use it.
On a personal note, my wife and I have had long discussion about this election. Not because of economic issues, tax issues, abortion or birth control. You see our son is joining the military in a few years and we both realized the person who wins tomorrow will decide when and where our son puts his life in danger. This has weighed on us both. Just something to think about.
Good day and happy voting...After that the investing begins again.
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