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The uncertain economic environment these days has had many investor shun the stock and bond markets and flock toward the safety of tangible assets like gold and silver. In addition to gold or silver coins and bullion, there are other investment strategies related to precious metals available. However, the risks involved in most of the options currently offered make them unsuitable for the average investor interested in having a hedge against inflation or protecting their buying power in the event of a general collapse of the economy.
Some of the options also make it difficult for investors to know what they are actually buying. The list of gold investment types and strategies most investors should avoid includes:. These investments present a great deal of risk, and most experts recommend investors stay away from them.
While the strategy may yield strong returns during some periods, a downturn often means investors lose a considerable amount of money very quickly. There are several ways this strategy can end, and they may even include a profit, but the odds of success make the strategy risky at best.
Mining stocks may be a good investment for some people or institutions, but the industry is notoriously unstable, with mining operations commonly shutting down when prices are low.
While they can reopen when prices are rising, the reopening process can be time consuming and expensive. Advisors generally discourage numismatic purchases, as very few people actually know the value of collectable coins. In addition, the collectable coins are, as a rule, difficult to sell quickly. That means anyone holding the coins is not able to recoup their investment easily when it may be needed most.
There are other issues, especially with using coins for IRAs, that will be discussed later. Again, the risks are significant with these strategies. The investor simply holds a piece of paper representing the gold, not the gold itself.
The entity holding the actual gold has all the power, meaning they can make decisions not advantageous to the certificate holder. In this strategy, the gold buyer borrows money to invest. The money still has to be repaid with interest. The better strategy is to save money and use the cash to invest rather than taking on the additional risks associated with borrowing money to invest.
Just as in the stock market, buying on margin has the potential to produce profits, but the risks of loss are just as great. When buying on margin, only the down payment, or margin, is required. The remaining funds are borrowed. That means if the value of the commodity goes down, the buyer is still liable for the entire purchase price. Junk, or scrap, silver and gold are just what the name implies. While some dealers do make a profit from buying junk gold and silver, they generally know what they are doing and offer very low prices to offset the risks they are taking.
Leave this type of transaction to the dealers who know gold and silver and are able to take risks. Of course, there are exceptions to every rule, and investors might want to consider one or more of the above strategies once they become more knowledgeable or have capital they are willing to put at significant risk.
The rationale for avoiding these strategies is explained in Screw the BS: How to Invest in Gold and Silver. If you are considering adding gold, silver or other precious to your retirement portfolio, www. For many years, Barsano served his country in the U. Navy aboard the U. Badger and the U. Enterprise, where he worked in data processing. After retiring from the military, Barsano joined Microsoft as a software design engineer.
Over time, he rose to the positions of project manager and worldwide operations unit manager. Barsano retired from Microsoft in with ample savings, believing that he was financially secure for the rest of his life. Unfortunately, the market crashed and eliminated 65 percent of his investment funds.
As he analyzed this sudden loss of financial security, Barsano realized that a major culprit behind the market crash was the use of computerized trading systems that have become increasingly popular on Wall Street. However, Barsano did not accept his misfortune and move on. Instead, he became determined to create software that could potentially equalize opportunities for all investors.
By integrating his knowledge of data processing, software engineering and financial savvy, Barsano went to work creating Cool Trader Pro. Since CoolTraderPro was completed, it has earned prominence among traders worldwide. Today, clients in 68 countries look to CoolTrade Inc.
Based on neural networks, CoolTraderPro utilizes artificial intelligence to automate stock trading for investors. The complexity of stock market indicators is overcome by the monitoring performed by this robotic trader. A stealth mode is also available to clients, letting them catch new market conditions before they become apparent to human traders. This creates more opportunities for profit during each trading session.
Today, Ed lives in Scottsdale, Arizona, with his wife and their three children. Even with his demonstrated family values and military service, some skeptical consumers may ask: Does Ed Barsano scam people? Ed Barsano is definitely no scam artist. Essentially, Barsano has leveled the field for investors as many recognize the need for an edge in a market that, until recently, has been dominated by companies with exclusive access to robotic trading systems similar to CoolTraderPro.
The wariness common to modern consumers has caused many would-be traders to assume that Cool Trader Pro scams its users. Considering the high praise given to Cool Trader Pro and the fact that it remains the only automated stock trading program available to consumers, a little skepticism may be understandable. Cool Trader Pro does not claim to offer fast and easy riches.
However, it does put major power in the hands of individual traders, who might otherwise be shut out of stock market profits because of domination by companies using nothing but robotic trading.
Here are three fallacies that have led some people to assume Cool Trader Pro is a scam and the facts that prove its legitimacy. In reality, Cool Trader Pro is rarely used by brokers because most work with too many clients for the program to be an option. Having hundreds of computers and hundreds of instances of the program running at any time would simply not be feasible.
Financial advisors, however, have been known to use Cool Trader Pro to develop smart advice for their clients. Having this power on hand means that traders can rest easy while their computer makes trades automatically in response to freshly analyzed data.
No fail-safe cash-making method can be bought anywhere. However, Cool Trade Pro can come close by unlocking potentially huge profits for traders. Consumers who buy the program now also get a subscription of one to two years from their date of purchase depending on the package they choose. Aided by the unlimited technical support and free updates that come with Cool Trade Pro, traders have a prime opportunity to identify, develop and refine stock-trading strategies, automate trading actions and build impressive profits.
One could say that Cool Trader Pro automates profits for users, but traders still have to choose strategies that support their financial goals. In manual trading, the trader must continually monitor stock changes and buy or sell accordingly.
Meanwhile, traders using Cool Trader Pro can devote more time to strategy because after techniques are chosen, the program will perform the right actions automatically. When profitable techniques are used, profits truly are automated. Cool Trader Pro makes automatic profits available to individual stock traders, putting them in a position to compete with the robotic trading used by the biggest trading firms.
At the end of the trading day, traders who use Cool Trader Pro are hugely empowered with automation that is now practically essential for stock trading success. Cool Trader Pro has won partnerships with globally respected trading firms and remains the only fully automated stock trading software available to consumers.
However, any product is likely to field at least a few complaints, and Cool Trader Pro is no exception. At present, users get a subscription of one to two years depending on the package they buy. Technical support and regular updates provided at no additional cost also contribute to the total value.
Cool Trader Pro is unique and is still the only fully automated stock trading software available to consumers. For serious stock traders, the initial investment required for Cool Trader Pro is easily justified considering future returns. Cool Trader Pro complaints have addressed items ranging from the interface to the cost of purchase, but many of the complaints involve misconceptions.
Before investing in Cool Trader Pro, every investor should thoroughly research the system. In the end, traders who buy Cool Trading Pro and take time to learn the software will make the biggest strides towards big automated stock trading profits.
Modern investors have been disadvantaged by the automated trading programs used by major trading institutions. When the market crashed in , Ed Barsano recognized this and decided to create Cool Trader Pro automated stock trading software.
This program puts all traders on the same playing field with major companies by making trades automatically all the time based on chosen criteria. This Cool Trader Pro review shows the workings of the system and what makes it unique. Cool Trader Pro is a software system that lets the average stock trader engage in automated stock trading. In contrast to manual trading, which requires frequent analysis and attention to tiny changes in the market, trading with Cool Trader Pro simply involves establishing rules and letting the program pick and make profitable trades.
The software lets users choose from an assortment of effective strategies and get started right away. The truth is that many financial advisors do use Cool Trader Pro with great results for their clients. Ed Barsano, who worked at Microsoft in several positions including software developer, designed Cool Trader Pro to work on Microsoft Windows.
However, Mac users can also use the software by installing the Microsoft emulator Parallels. Cool Trader Pro buys and sells trades based on criteria that users either select or design with the Strategy Wizard. The program only buys symbols within the price range designated by the user, and it adds and removes stocks from the watch list as prices change.
However, the software does include a simulator mode so users can increase their trading confidence before buying and selling on the market. This simulator mode can be used in combination with data feeds from brokers, making it a valuable tool for gaining experience. You can trade without a brokerage account, but the company recommends that you get one eventually to take advantage of more complex data as you refine your approach.
Cool Trader Pro does not currently support trading of futures or commodities. However, users can trade currencies, also known as forex, and equities.