LIVING OFF DIVIDENDS & PASSIVE INCOME

Last Friday, gold dropped to $680/ounce before rebounding to $740/ounce. Like every other asset, gold has been hammered this year. However, this may be partially due to a strengthening of the dollar. In terms of other currencies, it’s still close to its all time highs.

I think this is a good time to buy some gold if you don’t already own some. (and if you do, then it’s a good time to add more!). People often ask what’s the best way to invest in gold.

I tell them to buy a little bit of everything. Here’s an excerpt of an email I got recently.

“I believe the gold juniors offer the best value for your paper dollar going forward,” says Ed Bugos of the violently beaten-down junior mining sector. The Canadian Venture Index, the bellwether of juniors, is down a nauseating 70% from its 2007 high.  Read more... (347 words, 8 images, estimated 1:23 mins reading time)

China just released a 10 Kilo Gold Coin to commemorate the 2008 Olympics that are currently being held in Beijing. 10 kilos of .9999 Fine gold is a staggering 321 ounces, more than 22 pounds and its more than a half foot in diameter! Not only is it the largest gold coin, it’s the rarest as well: Only 29 have been struck for the entire world and all have been sold.

This spectacular museum piece is housed in an exotic African Blackwood presentation case, which is crowned with a 35 pound carved stone dragon. The coin is legal tender with a face value of 100,000 Yuan and is Proof struck, which means it has an ultra-high relief, frosted design set against a flawless mirror background.  Read more... (316 words, 11 images, estimated 1:16 mins reading time)

I recently mentioned that I made $500 dollars last month from online advertising. Rather than use that money to expand or improve my lifestyle (also knows as “buying crap”), I decided to invest it in something that has intrinsic value.

The US Dollar has losing value over the past 2 years. Just today the Dollar index dropped to its lowest recorded value of 77 and I think its going to keep on dropping. Typically precious metals like Gold, Silver and Platinum do well in times of a weak currecny.

Why do I think the Dollar will continue to weaken?
Because the economy sucks and is being manipulated in wierd ways. To quote someone quoting the late Dr. Richebacher, a smart and wealthy economist,  Read more... (492 words, 11 images, estimated 1:58 mins reading time)

In part as a marketing exercise, The Royal Canadian Mint has produced a $1 million face value coin containing 100kg of .99999 pure gold.

With gold currently trading at $660 per ounce and each kilogram containing 31.1 ounces, the actual cost of the gold in the coin is worth just over $2.5 million USD!

It seems to be part of a marketing exercise to promote its .99999 pure gold Maple Leaf bullion coin. Current Maple Leaf gold coins are .9999 pure. In contrast, South African Krugerrands, while containing a full ounce of fine gold, are only .9167 percent pure with the balance made up with copper, so they actually weigh more than an ounce.

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As most of you know, I’ve been buying a lot of Gold and Silver coins on Ebay. I recently won a bid for a British half-sovereign. Don’t know why, but I didn’t realize that it was a half-sovereign until AFTER I had paid for it via Paypal.

I like to collect the regular sovereigns which are quite small to begain with [around the size of a nickel] so the half-sovereigns must be really tiny. Anyway, I sent the seller a email requesting him to cancel the sale and refund my money. Surprizingly he agreed and he didn’t even take me up on my offer to rebate him the listing fees [since it was my mistake].

So far my experience of buying coins on ebay has been extremely positive. But as usual, you need to be careful and make sure you don’t over pay for sometime. It nearly happened to me last week, where I overbid for something. Luckily someone else beat my bid later on and saved me!!!! [It wasn't a big amount, but why overpay when you can get a deal?]  Read more... (208 words, 8 images, estimated 50 secs reading time)

I got my first Morgan Silver Dollar today. Morgans are beautiful, large and allegedly the most popular collectible coin in the US today. This particular specimen was minted in 1896 making around a 110 years old. Its in pretty good condition for a coin of that age. Considering I only paid $21 for it, I’d say its a great deal too!

It has the liberty face on one side and an eagle on the other. Because of the eagles’ somewhat scrawny appearance, they used to be called buzzards! Its called the Morgan after the dude who designed the coin.

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