Gain knowledge first before buying!
Last updated: January 29, 2016
I started purchasing gold and silver to protect my assets from a devalued US dollar. I purchased from swiss america and was steered into buying numismatic coins that would do nothing to protect from inflation. It wasn't until I read a excellent article by Peter Schiff where he explained in detail the differences in numismatic coins and bullion. Mr Schiff called numismatic coins fools gold.. I gained knowledge from him, many others and countless articles. Something swiss america never did! Who would want numismatic coins in a bad economy with the outcome unknown? Who would want numismatic coins ,a stamp collection, paintings to barter with if the $ collapses ??? With this knowledge I then contacted swiss america to dump these numismatic coins and to their credit, they took them back no problem but when the broker told me I'm making a big mistake, I responded I want protect my assets, life savings in this age of devalued dollar and inflation with bullion not a stamp collection in numismatic coins! The swiss america broker went silent on the phone!