The stability of a large segment of our Federal Monetary system is dependent upon a healthy National Treasury and a vibrant economy. What would happen to our bank accounts and financial investments if our current monetary system was ever to suffer a scenario of financial chaos...or the Fed. dollar inflating philosophy failed? One can and should seriously consider preparing themselves in advance by converting a portion of assets into a combination of gold coins and precious metals (gold bullion).
We, at mjpm.com, have organized some of the most frequently asked questions concerning investing in gold coins and rare coins to hopefully provide some answers that you may have prior to making an order. Possession of precious metals and gold coins is only one of many critical steps in preparation for any type of monetary, banking, or financial crisis.
"Bullion" is just another term for "precious metals."
Precious metals may not be for everyone! We recommend precious metals only to those who can AFFORD to be prepared and are not concerned about earning interest on every investment dollar. Precious metals do not pay interest or dividends in the traditional sense, but they do offer monetary security because precious metals are:
Many experts believe that when a monetary or financial crisis occurs, America's banking system may well collapse or be suspended temporarily, leaving people without any means to participate in daily commerce ( such as paying your bills or going to the supermarket).
Whether this comes to pass or not...this relates back to whether or not you can afford precious metals...those who live from check to check...probably won't have to worry about it...
However, those Americans who have personal wealth, income, a desire to maintain their level of financial stability, security and very importantly, a family of loved ones, can not risk being caught in a monetary crisis without owning a combination of gold coins and silver bullion! (You are buying gold, silver, or rare coins because of the aforementioned reasons and because YOU CAN AFFORD to be prepared!)
PRECIOUS METALS...GOLD...SILVER...PLATINUM...ARE YOUR SAFETY NET IN TIMES OF CRISIS!
We recommend that you buy an assortment of the fractional gold coins, such as the 1/10 ounce, 1/4 ounce, and the 1/2 ounce gold coins. Extremely large holdings should contain the 1 ounce coins and a combination of $10 and $20 pre 1933 U.S. gold coins for major financial storage (also see rare coin investments).
Many countries from all over the globe have active gold/silver bullion programs. The U.S. Government makes American Eagle gold coins and American Eagle silver coins. You can purchase these at mjpm.com.
At mjpm.com we advise our clients to buy American Eagles! The American Eagle program is one of the most aggressive programs in the world and the Eagle is recognized in most all countries in the "modern" world (making it instantly liquid for cash if necessary).
The United States Treasury developed the American Eagle coin program in 1986 to be competitive in the worlds precious metals market. The Eagles are struck at the mint in gold, silver and platinum...in coin form to make them acceptable in commerce. The American Eagle program is the largest, most recognized, and most successful program in the world! BUY AMERICAN!
Check out our mjpm.com website...you will have live/active buy/sell spreads and prices posted daily for your convenience of tracking your holdings as often as you like.
Be sure and check with your accountant to help you with this. In many cases the transaction is reportable...but quantities vary to qualify as reportable (check with your accountant or call MJPM for more more details). American Eagle's are exempt from reporting if quantities do not exceed a commodity contract volume (100 - one ounce coins). Again, be sure to call MJPM or check with your tax adviser.
Please email us at email@example.com - or call us at 1-(800)-279-4337 for more assistance. Thank you!
Choose the custodian/company that will hold your precious metals in your I.R.A. account wisely. In short, choose one that has a national reputation among custodians for providing the best customer service and experience.
Consider choosing a well-managed smaller company with at least 25 years of industry experience, low annual fees, and has maintained a long term lease agreement with a nationally recognized Depository for their storage.
We also recommend choosing a company where your phone call can be placed directly to the desk of an account representative. We trust billions of dollars to financial institutions and these companies should provide direct numbers to an account representative. Those that do make the best choice. There are a few companies that provide this terrific customer service. Give us a call here at MJPM and we will be happy to direct you to them!
New legislation took effect in 1998 allowing gold, silver, platinum, and palladium products that meet a set fineness standard.
MJPM is your precious metals source that offers:
MJPM is your precious metals source that offers:
MJPM.COM ( a subsidiary of MJPM Inc.) is owned and operated by Michael Chambers, who has lived and worked in Corvallis, Oregon for the past 28 years. Corvallis is home to Oregon State University and Michael's alma mater (B.S. 1977).
"Since 1985, we have been taking care of our customers in the Pacific Northwest including Corvallis, Albany, Portland, Lebanon, Salem, Eugene, Bend, Redmond, McMinnville, Roseburg, Medford, Newport, Tillamook, Kaiser, Lincoln City and throughout North America with personal service, the best prices and products!"
-- Michael Chambers