Gold Bars

Stock Market Line Graph — President Joe Biden’s administration is being pressured by their supporters to erase the exorbitant student loan debt in the United States, which has hit record highs of over $1.71 trillion collectively owed. President Biden has not compromised his original $10,000 per borrower campaign pledge. Democratic senators, including Elizabeth Warren, Majority Leader Chuck Schumer and Ed Markey of Massachusetts are holding Biden accountable in using his presidential authority to pursue a more ambitious goal of cancelling $50,000 in federal student loan debt per borrower. Student loan forgiveness has been a hot topic on the Biden agenda since the beginning of his campaign and a hot topic in the United States since Occupy Wall Street. The United States has a whopping $1.7 […]

The Real Price Of Government Bailouts

February 4, 2021 in gold / Gold Bars / gold bullion / gold coins / Gold Market & Economics / News / silver / silver bars / Silver Coins / Uncategorized tagged barack obama / bernie sanders / best gold dealer in nyc / best investments to hedge inflation 2021 / best places to buy gold and silver bullion in nyc and new jersey / best places to buy gold online / biden cancelling student debt / biden inauguration 2021 / college tuition inflation / coronavirus / COVID-19 / credit card debt / debt bubble / debt cancellation / debt relief program / debt slavery / democracy / democratic policy / democratic senators / economic stimulus package / ed markey / elizabeth warren / free college / free public universities pros and cons / gold as insurance / government / government bailouts / housing market crash / how much student loan debt will be cancelled / investing in gold and silver / is gold a bad investment / joe biden administration / joe biden political agenda / marxism / mortgage debt / obama administration / occupy wall street / one trillion dollar debt relief / paying off student loans / potus / President Donald Trump / president joe biden / price of gold / student loan bailouts / student loan debt crisis / student loan debt forgiveness program by Y. Ben-David

Crater in the Earth from gold mining — Imagine a scenario where the demand for precious metals significantly increases. Gold is being bought and sold en masse and traded as a currency. This could be the result of an economic crisis where the value of the US dollar ($USD) plummets. Would there be enough gold and silver to go around? Gold Is Finite, Therefore Expensive Gold is a finite resource that was actually formed in outer space before it was kneaded into the veins of the Earth by geothermal activity. It takes a lot of mining to produce a single ounce of gold. Once bought, it rarely leaves the hands of the buyer, as it’s most often bought as insurance. It’s understandable why it’s so valuable and why […]

Will There Be Enough Physical Gold And Silver?

February 4, 2021 in gold / Gold Bars / gold bullion / gold coins / Gold Market & Economics / News / silver / silver bars / Silver Coins tagged bull market gold / buying gold NYC / diamond district gold dealer / economic crisis / economic recession / Gold Bars / Gold bullion / gold dealers in nj / gold mining / gold prices today / Gold Stocks / great depression / how much gold is there in the world / investing in gold / is silver a good investment / nj gold tax / physical gold / physical silver / precious metals investing / pumping silver stock / running out of gold / selling gold / selling gold online / should I invest in gold / silver stocks / where to buy gold bullion in new jersey / where to buy gold bullion in nyc / will the economy crash / will there be enough gold if everyone bought it by Y. Ben-David

Many people are convinced that putting gold in your individual retirement account (IRA) is a good idea. On the surface, gold in your IRA diversifies your assets and seemingly provides financial stability in uncertain times. In reality, putting gold and silver in your IRA unfortunately has more cons than pros. First of all, one of the most attractive features of owning gold is that it’s not in anyone else’s possession and you can access it at will. Putting your gold in the possession of a custodian, or a company that is legally permitted to handle accounts such as IRAs, means you have to go through another party to access your gold and silver assets in the event you may need […]

Should You Put Gold & Silver In Your IRA?

January 15, 2021 in coin collection / gold / Gold Bars / gold bullion / gold coins / Gold Market & Economics / silver / silver bars / Silver Coins tagged gold assets / Gold Bars / Gold bullion / gold investing / Gold IRA / gold retirement fund / individual retirement account / invest in silver / non-roth ira / precious metal assets / required minimum distribution / retirement fund / rmd / self-directed ira / should i put gold and silver in my ira / Silver / silver bars by Y. Ben-David

gold investment — Some people are interested in buying gold as insurance. It’s important to be realistic when doing so. As we discussed in a previous article, when you buy gold as an investment, you’re betting on something happening that will make the price go up. When it comes to insurance, however, you’re not betting on a crisis that will result in a surge in prices any more than you’re betting on getting in a car accident to collect your auto insurance. If you’re expecting the price of gold to go up, you’re not buying it for insurance purposes. Instead, when you buy gold for insurance, you’re giving yourself the option to put it towards any unexpected emergency that may arise in your […]

When Gold Is Bought For Insurance

January 15, 2021 in gold / Gold Bars / gold bullion / gold coins / Gold Market & Economics tagged auto insurance / buying gold in nyc / can i invest in gold as insurance / gold as insurance / Gold Bars / Gold bullion / health insurance / home insurance / investing in gold / life insurance / nyc gold dealer by Y. Ben-David

It’s important to keep in mind the reasons you’re buying the gold in the first place. What are your goals and is buying gold going to achieve your goals? Does gold actually have the utility you think it does? As we discussed in previous articles, the value of gold is dependent on the US dollar and the popularity of gold investing but it’s also ultimately dependent on whether or not anyone deems it a valuable exchange at all. Gold is a currency like any other that you want to be able to exchange for value. Given the choice, you wouldn’t want to own gold over actual resources. So there must be a catalyst that makes gold attractive, such as an […]

Why Are You Buying Gold?

January 15, 2021 in coin collection / gold / Gold Bars / gold bullion / gold coins / Gold Market & Economics / silver / silver bars / Silver Coins tagged buying gold in nyc / Gold Bars / Gold bullion / Gold Coins / gold insurance / Gold Stocks / Gold trading / is gold going up / is gold worth investing in / reasons to invest in gold / should i invest in gold or bitcoin by Y. Ben-David

When it comes to buying gold, you need to go into it with the right mindset. You need to know what is realistic and what is not. We’ve been in the business for several decades and have seen too many people who want to invest in gold for the wrong reasons. There are issues you need to be aware of before purchasing gold and precious metals. Naturally, any gold dealer will probably tell you investing in gold is a wonderful idea with no downsides. We want to save you from any disappointment and ensure you’re well-educated and informed before you make your purchase. Investing in gold is one way to diversify your investment portfolio but is it the same as […]

Managing Expectations When Buying Gold

January 15, 2021 in gold / Gold Bars / gold bullion / gold coins / Gold Market & Economics / News / silver / silver bars / Silver Coins / Uncategorized tagged Gold Bars / Gold bullion / gold prices 2021 / Gold Stocks / nj gold dealers / price of gold today / should i buy gold / silver bars / truth about buying gold / what to expect when investing in gold / where to buy gold nyc by Y. Ben-David

5 Various Stamped Gold Bars — Gold purity is of particular concern when you’re buying and selling gold in the United States, Canada or Australia. Remember Why You’re Buying In The First Place It’s important to stay focused on your purpose for buying gold. You’re building an investment portfolio, which means you ultimately want to be able to exchange the gold for its value. Don’t Get Less For Your Investment If you buy gold bars that are 99.5% pure in a country that requires their gold to be purified up to .9999%, you risk being charged more when you go to exchange them for their value. The reason for this is, there aren’t enough investors coming in to buy 99.5% gold bars, so you’ll be charged […]

Why Gold Bars Should Be .9999% Pure

December 23, 2020 in gold / Gold Bars / gold bullion / gold coins tagged 99.5% / american eagle coin / best prices for gold bullion / buying gold in new jersey / buying gold in nyc / deals on gold bullion / four nines fine / Gold Bars / Gold bullion / Gold Coins / gold purity / impure gold / investing in gold / krugerrand / nyc gold dealer / pure gold / silver bars / silver coins / two nine five / why gold bars should be .9999 pure by Y. Ben-David

A gold piggy bank with bundles of USDA cash next to it — You can save money by resisting the temptation to swipe your credit card on large transactions. Credit card companies charge vendors around 3%. This is how credit card companies earn money, which is the money they use to give their customers points whenever they use their card. Many customers prefer to use their credit card to earn the points— however, this is shortsighted, since many people don’t realize the points are actually coming from the credit card fees they are paying. Companies are not allowed to charge any more than this percentage for credit card transactions. To make up for this fee, vendors mark their prices up an extra 3-4%. This fee may be insignificant when you’re buying a latte […]

Should I Use My Credit Card to Buy Gold or ...

December 9, 2020 in coin collection / gold / Gold Bars / gold bullion / gold coins / Gold Market & Economics / silver / silver bars / Silver Coins / Uncategorized tagged 22k gold / 24k gold / bank wire / bullion trading / buying gold bullion / buying gold coins / buying silver / buying silver coins / diamond district / diversified portfolio / Gold Bars / Gold bullion / gold dealers in new jersey / gold dealers in nyc / Gold Stocks / Gold trading / investing in gold / investing in silver / investment portfolio / nj gold / nj gold brokerage / nj gold tax / paying with credit card / precious metals shop / price of gold / pure gold / should I invest in gold / should i use my credit card / silver bars / spot price / wire payments by Y. Ben-David

Being an educated consumer is inoculation against scams and bad investments. To sharpen your discernment, you must know what to look for when you set out to make your purchase. Reputation The first thing you need to look for when buying precious metals is a reputable dealer you can trust. Research the reputation of the company you’re looking to buy from. How long have they been in business? What do people say about them? Where are they located— can you visit them in person? If other people can vouch for how knowledgeable the company is and how they were able to deliver a smooth buying experience, then you can feel more at ease doing business with them. A gold trading […]