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Coin Collecting News$1 000 Gold Still Very Cheap - Interview with Greg McCoach
Filed Under: Profiles and Interviews, Dealer News, Gold & Silver Bullion
Greg McCoach is an entrepreneur, who has successfully started and run several businesses the past 22 years. For the last 7 of these years he has been involved with the precious metals industry as a bullion dealer, investor, and newsletter writer.
Mr. McCoach’s years of business experience and extensive personal contacts in the mining industry provide unique insights that have generated an impressive track record for The Mining Speculator since its inception in 2001. He also spreads his vast knowledge of the precious metals markets in a weekly column for Gold World.
Greg is also the President of AmeriGold, a gold bullion dealer.
TGR: Going to gold, what would you recommend our readers buy?
MCCOACH: I think people have to decide for themselves if they want to own the physical gold or paper representations of the metal, and they clearly need to understand what the differences are so they can make an intelligent decision for themselves. The paper representation would be gold ETFs or the Central Fund of Canada Ltd. (CEF AMEX). The mining stocks would also be paper representations. They don t represent physical gold themselves they represent a stock.
I own AmeriGold.com. I set that up back in 1999 so that my clients could have a safe and reliable place for trading buying and selling physical gold and silver, platinum and palladium with very low transaction costs. AmeriGold has done very well, particularly in the last six to eight months, when we ve had a ton of people who suddenly want to own the physical metals.
I like owning the physical metals it s just my opinion. Some people don t like it because it gets messy dealing with the physical metals you have to store it somewhere. You incur storage charges if you re putting it in a private safe or vault or depository or if you try to keep it in a safe deposit box of course, you ve got to pay for that. For myself, I just get a good fireproof safe, bolt it in from the inside into a concrete floor, and store it myself. Buy your physical metals.
