Paul Mladjenovic - Investing in Gold & Silver For Dummies

Investing in Gold & Silver For Dummies®

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Published simultaneously in Canada

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Library of Congress Control Number: 2020948676

ISBN 978-1-119-72399-8 (pbk); 978-1-119-72398-1 ISBN (ebk); ISBN 978-1-119-72404-9 (ebk)

1 Cover

2 Title Page

3 Copyright

4 Introduction About This Book Foolish Assumptions Icons Used in This Book Beyond the Book Where to Go from Here

5 Part 1: Getting Started with Gold and Silver Chapter 1: Exploring the World of Gold and Silver Considering Gold and Silver for Your Situation Taking Action Before You Invest in Gold and Silver Chapter 2: Understanding Gold and Silver’s Greatest Benefit Looking at Counterparty Risk in Today’s Investments Knowing That Gold and Silver Have Risks, Too Chapter 3: Adding Gold and Silver to Your Portfolio Mix Defining Saving, Investing, Trading, and Speculating Building Your Financial Profile Making Other Portfolio Considerations Chapter 4: Recognizing the Risks Exploring Different Kinds of Risks Minimizing Your Risk Weighing Risk against Return with the 10 Percent Rule

6 Part 2: Spanning the Gold and Silver Landscape Chapter 5: Investing in Gold Comparing Gold to Other Investment Assets Understanding the Gold Market Going Over Gold’s Recent Bull and Bear Markets Making the Case for Gold Today Chapter 6: Surveying Silver Comparing Silver and Gold Digging into the Silver Market Starting with Silver’s Modern History in the 1970s Picking Apart Silver’s Performance during 2000–2020 Resources for Informed Silver Investors Chapter 7: Making the Most of Mining Stocks Examining the Essentials of Stock Investing Knowing What to Look for When You Evaluate Mining Stocks Distinguishing Different Types of Mining Stocks Considering the Risks of Mining Stocks Boosting Your Returns Spotlighting the Pros Chapter 8: Examining Mutual Funds and ETFs Choosing Mutual Funds Selecting Exchange-Traded Funds

7 Part 3: Looking at Other Gold and Silver Investing Vehicles Chapter 9: Going Direct: Buying Bullion Weighty Matters: Troy Ounces Making the Case for Physical Ownership Going for Gold Physical Bullion Seeking Out Silver Physical Bullion Gold and Silver Commemorative Coins Bullion Costs, Fees, Dealers, and Resources Chapter 10: Numismatic Coins and Collectibles Understanding the Basics of Numismatic Coins Considering Collectible Coins Exploring Coin Organizations and Services Selling Your Coins Chapter 11: Leveraged and Inverse ETFs Feeling Bullish: Leveraged ETFs Feeling Bearish: Inverse ETFs and Inverse Leveraged ETFs Using Leveraged and Inverse ETFs during the Market’s Ups and Downs Looking at Resources for Leveraged and Inverse ETFs Chapter 12: Focusing on Futures Back to the Futures The Players in the World of Futures The Fundamentals of Futures Contracts Metals Futures Contracts Basic Futures Trading Strategies Using Fundamental and Technical Analysis with Futures Futures versus Options on Futures Futures Resources Chapter 13: Considering Options Discovering How Options Work Placing Orders for Options Options: Offering Something for Everyone Minimizing Risks with Options Trying Some Profitable Combinations Checking Out Options in the World of Precious Metals Following Golden Rules for Options Success Consulting Options Resources

8 Part 4: Digging into Gold and Silver Investing Strategies Chapter 14: Trying Out Trading Approaches Like a Scout: Being Prepared Picking Out Your Vehicle Selecting Your Trading Strategy Trading the Gold-to-Silver Ratio (GSR) Chapter 15: Using Technical Analysis Defining Technical Analysis Comparing Technical Analysis versus Fundamental Analysis Tracking the Trend Checking Out Charts Picking Apart Chart Patterns Assessing Moving Averages Investigating Indicators Focusing on the Short Term versus the Long Term Resources for Technical Analysis Chapter 16: Using Dealers and Brokers Starting with Some General Points on Dealers and Brokers Working with Gold and Silver Dealers Getting the Scoop on Stock Brokerage Accounts Distinguishing Types of Orders Introducing Types of Futures Brokers Selecting a Futures Broker Dealing with Futures Accounts Chapter 17: Tax and Retirement Considerations Assessing Taxable Activity in Different Accounts Understanding Capital Gains and Losses Looking at Tax-Deductible Activity Surveying Special Tax Considerations Tax Resources to Keep You Up-to-Date Adding Physical Precious Metals to an IRA

9 Part 5: The Part of Tens Chapter 18: Ten Reasons to Have Gold and Silver Gold and Silver Provide Diversification Gold and Silver Allow for Privacy Gold and Silver Are Portable Wealth Gold and Silver Ease Retirement Concerns Gold Is a Safe Haven Asset The Value of Gold and Silver Is Never Zero Gold Retains Its Value in Bear Markets Gold and Silver Have Enduring Demand Gold and Silver Make Good Inflation Hedges Gold Guards against Financial Bubbles Chapter 19: Ten Ways to Add Gold and Silver to Your Portfolio Major Gold and Silver Stocks Junior Gold and Silver Stocks Mutual Funds Physical Metal ETFs Bullion Coins Numismatic Coins Leveraged ETFs Junk Silver Gold and Silver Cryptocurrencies Buying through Goldmoney and OWNx Chapter 20: Ten (Or So) Tips for Gold and Silver Speculators and Traders Focus on a Specialty Do Research and More Research Be a Contrarian Limit Your Grubstake Stagger Your Entry Use the Right Speculative Vehicles Have Multiple Positions Use Technical Indicators Do Some Hedging Take a Profit Use Brokerage Orders