implementing Doug Casey's recommendations in his recent article for
LewRockwell.com (http://lewrockwell.com/casey/casey105.html)
1) Buy $10,000 worth of precious metals if you have none. Put 80%
into gold coins from your home country. I recommend tenth ounce gold
coins because they are more tradeable, but they have a higher premium
over the spot price of gold. Go to www.kitco.com or www.apmex.com to
learn the spot price of gold and silver and the associated premiums
for various coins.
http://www.apmex.com/Category/504/American_Gold_Eagles_2012__Prior.aspx
Put the remaining 20% into one ounce silver coins or junk silver
coins. Junk silver is not "junk". That is the name of US dimes and
quarters from before 1965. Their composition is 90% silver.
http://www.apmex.com/Product/27/90_Silver_Coins___100_Face_Value_Bag_.aspx
2) Have printed cash on hand to buy valuable tools of production for
your side business from desperate sellers locally (e.g. Craigslist) or
3) I disagree with Doug Casey that the gold mining stocks are cheap
right now. Visit some of the gold mining stock articles on my blog to
see why I don't think they are so cheap. Here is one to start wiith:
http://www.myhighdividendstocks.com/category/stocks-that-pay-small-dividends/...
Subscribe today for free at www.myhighdividendstocks.com/feed to
discover high dividend stocks with earning power and strong balance
sheets.
Be seeing you!
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