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P's Bull-Bear Tasks

Friday, August 7, 2009

7 Reasons Why You Should Invest in Gold Coins Now

1. You can start with a small investment – If you choose to, when you invest in gold coins you can dip your feet in the water before taking a plunge by buying small quantities of gold coins. Build up your collection gradually according to your capacity and interest in this form of investment. For as little as one thousand dollars you can start investing in gold coins right now and start building your future fortune.

2. Gold coins have historically been a good investment -- How well you will do with your investment in gold coins depends on your skill in selecting the right coins and on market forces. However, a study done by Collector’s Universe showed that one thousand dollars invested in U.S rare gold coins in 1970 is now worth $57,977.00. The yield from this particular investment is greater than you would have achieved by investing in gold bullion or in the U.S. stock market.

3. Supply is limited -- This is the main reason why gold coins perform so well as an investment. This limited supply is being chased by a demand for gold coins that is continually growing. Collectors look for coins that are rare in mint condition or those that have never been circulated.

4. Gold coins are easy to sell – Liquidity is an important factor in any investment, and gold coins are easier to sell than gold bars. There are no delays in the sale process whatsoever. You receive your payment immediately.

5. You can divide your sales more easily -- If you have large gold bars, then it is all or nothing when you are thinking of making a sale. However, if you have a good number of gold coins, you can easily take any amount that you want to sell and leave the balance untouched.

6. Gold Coins are safe and easy to store – Gold coins can be stored in a bank safe-deposit box or any other location that is secure and easy to reach.

7. Gold coins can’t devalue according to the whims of some government. Inflation, the cruelest tax of all, will only serve to increase the value of gold coins over time.

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Oil

Currently oil has been running in a range for some time now. I see a bow tie trying to forum off the daily. I would not get too excited about it until it breaks the range highs and has a nice orderly pull back. Anyway oil might be worth keeping an eye on…

XAU

XAU

Market Pulse 03/06/09

XAU daily suggests a stiff pullback, now what I don’t like about the current bullish action is the drifting in price action. Short term bias is short under March 6 low.


030209

I see a sell signal in the S&P500 as price has violated old lows. Here is a 2 day chart with stocks above or below their 40 pma (Green line). Price is the yellow line and the RS of the 40pma (Red). What I’m looking is the hard right edge. Notice the cross down, this suggests more downward pressure.