Gold and Silver: The Midas Secret I Saw With My Own Eyes

By Ryan Kirsch

My dad, Glen O. Kirsch, was the co-founder of ASI. We all learned a lot from him. When you drill down to the essentials of his training, it was simply this:

1. buy gold and silver throughout your investing years,
2. store and hold.

It's not very complicated. Yet, it was not until last week I witnessed the full blown result of my dad's wisdom.

It finally happened when Rich Checkan and I drove thirteen hours over two days to help a dear, 94-year old client of ours count her gold and silver.

It was time for her to tally her holdings and plan her legacy. Her stocks were volatile, her bonds yielded safe, but very low interest. What did two lifetimes (hers and her husband's) of savings provide for their children and grandchildren? Gold and silver stored in the safe!

As I unwrapped boxes and counted bags of junk silver, I found a stash of 25 Krugerrands bought in 1979. She had paid $200-$300 for each, a lot of money at that time. At $1,300 per coin today, she made 400%.

That was just the beginning.

Of course, you may be thinking, "She bought in 1979. Isn't 2014 too late to get in on Midas's favorite asset?"

Of course it's not too late. Yes, with even greater international uncertainty, new buyers for gold and silver are appearing in all countries and prices are trending up. If you don't start buying now, when will you start building the foundation for your next generation?

Don't wait as prices rise, and then try to chase the market.

Recently, the price of gold was below production cost and we were suggesting you buy. Around this time, Rich visited the Metals and Minerals Conference where the pundits on the platform made contradictory price predictions. It was clear in our minds the time was ripe to buy; prices would hold at potentially lower levels, but not for long.

'Buy and hold' gold and silver works for 2014 and beyond, even better than it did in 1979

Gold and silver pricing will be supported by growth in Asia, particularly China. Our children will be negatively affected by Chinese currency values, and U.S. trading deficits that devalue their U.S. dollars. But, they can benefit by taking advantage of the high and regular demand for gold and silver as part of the Asian tradition. Having a long-term outlook will serve you well in the future - just like buying Krugerrands in 1979.

China has gold reserves, but it regulates them exclusively for the ownership of its citizens. Chinese regulation forbids any exportation of its domestic gold. This policy atrophies worldwide supply as China is the world's largest gold producer by a very large margin, close to 440 tons in 2013. Australia is a far second with production in the vicinity of 250 tons.

We remain staunch in our belief that Asian nations will drive gold prices up even if the U.S. stock market bubble continues.

We see the same compelling case for silver as we do for gold.

Silver is no longer the poor man's gold - just a way to get into precious metals without the high price. It has its own distinct place in your portfolio.

In 2014, industrial demand for silver is estimated at 511 million ounces, or a 6% rise in use... and this excludes jewelry! Silver is necessary for the top growth sectors in the worldwide economy:

• Solar energy
• Sanitizing for healthcare
• Electrical conductors
• Chemical catalysts
• Silver electroplating
• Silver coatings
• Water purification

In Silver Demand-Four Top Reasons Silver Prices Are Set to Soar, our own John Manfreda points out India's solar energy initiative is enough in itself to herald higher prices in silver. "To understand the magnitude of India's undertaking and its impact on silver pricing, the ultimate goal by 2020 is to upgrade solar energy capacity from 2.5 GW (gigawatts) to 20 GW."

How to buy your gold

Consider the Perth Mint Certificate Program if you are planning to commit $10,000 or more toward gold. You enjoy free storage at the Perth Mint located in Western Australia. Your bullion is 100% insured free by Lloyd's of London and the guarantee of the Government of Western Australia. These certificates are negotiable anywhere in the world through the network of Approved Dealers. Some unique and attractive features of the program are:

• Low premiums and no annual fees
• No Australian taxes or duty taxes on the certificate
• One of the safest global (offshore) storage locations for precious metals since 1997, and more than 100 years of continuous operation
• Available within an IRA account. Call us at 877-340-0790for the list of participating custodians!

You may also opt for individual coins like the gold Canadian Maple Leaf, an excellent coin to store at home and good for gifts, children and grandchildren legacies.

How to buy your silver

For silver coins, I favor pre-1965 dimes, quarters and half-dollars - instantly recognizable as 90% or junk silver.
Some of the benefits of junk silver:

• They don't need to be assayed or appraised by an expert to determine their content.
• Easily divisible and immediately liquid.
• You can always find a buyer who knows a $100 face bag contains 71.5 ounces of silver.
• Silver coins have never been subject to confiscation.

ASI made purchasing junk silver easy by dividing $1,000 face value bags into ten-$100 face value bags for ease of storage.

U.S. retirees are waking up to the power of gold and silver in their IRAs

Visit ASI Precious Metals Direct for an easy, convenient and cost-effective way to add precious metals to your IRA. In less than ten minutes, you can start a relationship and simultaneously complete the brief paperwork necessary to open your online IRA.

IRA storage is available domestically in New York City and Salt Lake City. Non-IRA holdings allow for many on and offshore storage choices at low fees: New York City, Salt Lake City, and offshore in London, Singapore, Australia and Zürich.

Our gold American Eagles are so popular for IRAs, that we also offer American Eagle holdings offshore storage in Zurich.

As for silver in your IRA, the IRS allows only certain types of silver to be held. For example, bars and rounds with .999 purity and government-issued coins such as:

• American Eagles
• Australian Kookaburras
• Austrian Vienna Philharmonics
• Canadian Maple Leafs
• Chinese Pandas

We can supply you with all of these choices, many of them through online trading.

What to do next.

Start with a call to our Preferred Client Relations representatives at 877-340-0790.

Let us guide you through a precious metals portfolio to help you determine what percentage of each metal would work best for you. Then allow us to implement your program and help you Keep What's Yours!