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Michael T Haas is a talented investor who currently resides in North Carolina. He has lived in Virginia for fifteen years before moving to North Carolina, the state where he grew up and graduated from high school. Hass has started a number of businesses during his successful entrepreneurial career, including a fence building company, a pressure washing company, a private repo business, a limousine company, a general contracting business, a home theater company and many others.
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Michael T Haas - Risks of Investing in Precious Metals Michael T Haas is an accomplished investor with a diversified portfolio. When you invest in precious metals, you can either get a paper asset or a physical metal. Paper investment vehicles associated with precious metals come in many forms and carry their own risks with them. The most obvious risk is the same risk that you have when investing in the stock market. It is the risk of default. The second potential risk is fraud. When you buy physical gold and you get it delivered, then you have the gold. Paper, on the other hand, is a promise to deliver the asset, be it gold, silver, or ownership in a company. Another way of investing in precious metals consists of investing in numismatic assets, which come with their own risks. When you invest in bullion bars of precious metals, you have 100% correlation between the price of your bullion bar and the metal itself. If you have gold bullion and the price of gold goes up fifteen percent, the price of your bullion goes up fifteen percent, too. Numismatic value includes the metal content, but it is much more than that. The metal content may be only a minor factor in the value of a coin. Gold double eagles are a great example. Double eagles are American gold coins with a denomination of twenty dollars. They were made from ninety percent gold and ten percent copper alloy. The first double eagle coin was produced in 1849. Regular production started in 1850 and lasted until 1933. You could easily find a double eagle coin valued at over five thousand dollars, even though the value of gold in it may be less than one thousand dollars. The coin is worth so much more because of scarcity, popularity, condition, and other factors. Potential risks with numismatic coins include costs, grading, and dealer fees. Numismatic coins usually have a wholesale price and a retail price. The difference between the two can be as high as thirty percent. Bullion coins have much lower premiums, usually between two and ten percent. The premiums for bullion bars are usually even lower than for bullion coins. Silver and gold are the two most popular precious metals when it comes to physical ownership. Physical ownership of other precious metals has a very small market which is why experienced investors like Michael T Haas carefully consider all their options before investing. To Learn Nore,Visit : http://michaelthaas.jigsy.com/
