To become an educated bullion trader..

On the other day, there was a caustic argument between my brother and me. We both play on bullion market. My stand was, there are more short sellers of gold than people who actually have gold to offer.

I sited several news stories as authentic proof that clearly revealed how on a particular day, the gold price was pulled down by short sellers in the bullion market.

I know I have cornered my brother. He may be senior to me as a bullion trader but I have more knowledge about gold and other precious metals market as I have been reading the ‘Gold Monitor’ newsletter published and circulated by none other than the U.S. Gold Bureau, the world’s authority on gold and silver market.

How many people know the Indians are the most active traders in bullion market?

Do you know that Indians collectively hold more gold than the gold reserve held by American banks?

I am sure my brother does not understand the premiums over spot gold.

I let him sulk over his inferior knowledge in bullion trading. He has years to catch up with me to become an educated gold and silver coins trader.

Fascinating silver ingots.

My original plan to buy silver bullion (a 10 oz silver bar) was shelved as I waited for the U.S. Mint’s new 5-ounce silver coins as part of the America’s Beautiful Quarters Program. These coins were expected to hit the bullion market in June 2010.

As I could not find a dealer for the new 5 oz silver coin, I have now decided to order the 10 oz silver bar from the U.S. Gold Bureau who has been screaming for attention of precious metals investors through their press release that strongly encouraged us to invest in silver bullion.

Silver bars also known as silver ingots are pure bullion cast in a convenient size and shape. I have so far converted all my silver coins into ingots to facilitate easy storage.

The U.S. Government has been a silver buyer since the demand for this precious metal has steadily increased since 1990.

Don’t you think it is advisable to follow them?

What to do with the excess money?

The money appears from unexpected corners and I was wondering what I have done to receive a sudden flow of money. This is the time I do not need anything. This is summer and I just do not step out of the air-conditioned comfort until the first week of June when the eyes of the sky start shedding raindrops.

So, what can I do with the small excess money? Shall I buy gold coins or pre-pay my car loan to some extent?

Investing in gold bullion is not my forte. If I seek my husband’s advice, I will have to disclose the source of funds. No, let the money be idle for sometime.

I will use this opportunity to educate myself about bullion market. I will subscribe to a few newsletters offered by authentic resources like the U.S. Gold Bureau.

What can you sell at any condition?

There are only 3 things in this world that retain their full value even in their most damaged condition and they are gold, silver and the platinum.

The uniqueness about these three precious metals is their liquidity factor. In case of emergency cash need, you can barge into any jewelry shop, quickly sell your possession and come out with cash.

When I got married, buying silver coins was not in vogue. My father gave me a bag full of silverwares that I never used in my daily life till I sold them off to buy a refrigerator.

I felt sad about having lost my silver treasure. I decided to replenish and I started buying silver ingots from Monex Deposit Company (MDC) three years ago and availed their facility for safe storage at an independent bank.

Monex prides itself on having the best U.S. silver coin prices and programs in the silver coin industry.

I am now prepared to give a bag of silver coins to my, would be daughter-in-law.