TheRichSolutionsBlog

Where can I subscribe? How much does it cost?
Why its the best?

If you are looking for a magazine for US coins, I would agree that COINS is probably the best. I prefer weekly newspaper type publications myself. Coin World and Numismatic News being the two big ones. I find the news more current, and the ads are filled with more recent stock. It is not filled with glossy pictures like magazines, but it is where more serious collectors shop.

My suggestion would be to go to a major coin store and look at the copies they have for sale. A major book store will have coin magazines, but usually not coin newspapers. Buy one of everything that strikes your fancy, take them home, and decide which you would prefer to have.

By the way, if you are into world coins, the publication to get would be World Coin News, (though Coin World has some articles/ads for world coins). If you are into Ancients, then you should subscribe to the Celator. Another avenue to explore would be to join the American Numismatic Association. They have a nice monthly glossy magazine, and you would benefit by the educational opportunities they present.

Which would you rather have? This is a gift for my mother who loves coin collecting.

A 2008 bald eagle silver dollar proof: Only ~$44, but only 500,000 are to be produced

A 2008 American buffalo proof coin: ~$160 but no statement of limiting the production

Both are official U.S. coins from the U.S. mint.

The 2008 bald eagle coin is a commemorative coin while the 2008 American Buffalo coin is a gold bullion coin and for $160 it must be the 1/10 of an ounce. You may find that the gold buffalo will have the lowest mintage. Looking at the American gold eagle proof issues of 1/10 oz. only 17,546 2005 proofs were made and 15,636 2004 proofs were made. The most proofs made from what books I have is 143,681 from the first year 1988. Not all mintage figures for 2006-2007 have been released yet. I am a numismatist and collect the old historic coins, so would have to take the Bald Eagle for it’s historic value but the gold coin would be the best investment.

I got this term from e-bay. Its used in some of the listings

I have collected coins for over 48 years and none of the books I have list such a term, nor have I come across it. I guess I would need to know just where you came across it and in conjunction with what coin or time period.

The price of the gold fluctuates on a daily basis. I would like to know what actually causes these fluctuations?

There are basically five major gold markets around the world. These are New York, London, Zürich, Hong Kong and Sydney.

London Bullion Market is sometimes confused with the London Metal Exchange which is quite different. Only gold is traded at the London Bullion Market while other metals, other than gold, are traded at the London Metal Exchange. So gold is considered as a metal by itself in these terms.

The price of gold is actually determined twice a day in London. Here a group of bankers get together and 'fix' the price of gold or in other words, decide what the price of gold is going to be at those particular moments when they decide the price. Of course the price then changes by the hour and moves up and down depending on various influences and perceptions of the value of gold. The reason for the fix is more to add stability and as a stable price twice a day for the banks to work on. A sort of guidepost for the day you might say. The price fix is actually determined in Pounds Stirling and is then converted, by various markets, into the currency of their country. Commonly, around the world, the price of gold is perceived in US dollars and Euros.

Each market have their own operating times depending on the time zones and this means that gold can be traded more or less around the clock. There is much trading between the markets as a result.

The value and price of gold varies depending on various factors. Some of these factors are, The value of various currencies, particularly the US dollar. The price of other commodities, The oil price, the economic situations and changes in those situations around the world. World events, such as wars and even dramatic weather influences, such as earthquakes, tidal waves etc.

The biggest influence of course is the perception of the value of gold as against their currency. There are hundreds of analysis on a daily basis busy writing on what they think the gold price is going to do, go up or down or remain steady. In the final analysis no one can predict with 100 percent certainty if the value of gold will go up or down. In the long term, one can see historically that gold has always gone up. Provided there is inflation, currency manipulation, economic upturns and downturns it would be safe to say that, in the long term, gold will continue the trend it has had over the past 100 years.

Hong Kong is the center of gold trading for the Far East and the Southeastern Asia region. The Hong Kong Dollar is used here.

It can be confusing to decide what to do, either buy gold or sell gold or just keep what one has.

If my certificate that describes an issue of gold certificates, has in the upper left cornor the words "new issue", is this issue a primary market transaction or a secondary market transaction? I think it is primary, but I wanted to be sure.

Did you buy it from the issuer? If yes, then it was a primary market transaction. If no, then it was a secondary market transaction.

Being aware of the potential of investing into properties or land based within the emerging markets of Brazil, Russia, India and China as well as being in contact with some property investment professionals and entrepreneurs in the UK, I am now looking to find out where exactly are the best investment opportunities.

Many thanks in advance.

My advice is, if your asking a question like that on yahoo answers, don’t invest outside of your own expertise.

How to use for Modern Portfolio Theory in property investment.
Reason of use for the Modern Theory Portfolio in Property Investment.
Problems and disadvantages when using this Theory.
You can give me the sources to let me know more about it.

Without going into a lot of the theory, basically you can reduce your specific risk and increase your expected return by carrying a portfolio of properties with different levels of risk that have low corrolations.

For example you might own one property, a 20 unit apartment building in Anderson, In. The Delphi plant closes, 10,000 employess are laid off, and all of a sudden you apartments have an 80% vacancy rate. Very high risk.

But if you own 10 properties, only one of which is a 20 unit apartment building in Aderson, In., and the others are include say a 640 acres soy bean farm in Illinois, a shopping mall in Miami, Fl., a building of doctors offices in Columbus, Oh., and 30 lake front lots in North Carolina, your specific risk is reduced and your overall portfolio return will increase.

I do not know of any disadvantages other than it is all based on probabilities and the price that you pay for a property should be based on the return you expect and the risk associated with receiving that return. If you do not know the risk and expected return, you do not know the appropriate value of the property and the theory is not going to do you much good.

I believe property investment in specific locations is good because investment is not a short term task.
Just look at how much property investment has been done by Russians by the Black See, lately. The amounts they spent are unbelievable.
I am against not investing at all because, more recession will follow.
Best tourist destinations like Tenerife or the Caribbean will not lose their attractions. People who rather spend on prime holidays will always be around. If less now than more later again….
How do you feel about all this?

Tenerife or the Caribbean will always be around.

I believe the song is called “Nothing Sweet as You,” sung by Chubby Checker.

The best place to download it is at www.ChubbyChecker.com .

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I'm 24 years old, and I've been working at my job for 2.5 years. It doesn't pay much (26,000/year) but I'm in the process of finding a new one. I have a pretty decent amount of debt, but have a decent start to saving ($2,000). I'm able to make minimum payments on all my debt every month, and able to cover living expenses, but I want to get my debt paid down and start building some wealth. I know I'm smart and savvy enough to be able to build wealth and make good decisions regarding my finances, but some direction and information would be helpful.

Thanks!

The good thing is you are responsible and you pay your bills. Now we just have to change your budget a little bit. Debt and savings doesn't go well together because most savings accounts has stingy APYs and most credit cards have high interest rates. So let's get rid of the debt keep your lowest percentage credit card for emergencies, traveling, rental cars etc but pay it off every month. You don't have to go crazy on saving everything you make take between 20%- 30% of your take home pay and stick it in a money market savings account. When you built this up get a CD. This is the only time you touch your savings account is to invest it in a better situation for your money. So before this can happen you really need to get rid of your debt then focus on CD's. Good luck wealthy man!