How to Safely Buy Gold and Silver on the Internet
OneGold’s CEO Ken Lewis appears on Stansberry Research Hour to discuss how to buy physical Gold, Digital Gold, and Gold ETFs.
In This Episode
Dan has long warned about the dangerous odds of short-term trading — yet in recognition of the fact that so many readers are still determined to do it, he offers some essential principles to anyone engaging in short-term trading — if they must.
The important, №1 principle is counter-intuitive, and we expect some of you to argue — but hear Dan out about how the most important thing is not how much you make, or even if you make any money at all.
And amid all the risk management tips out there, there’s one Dan reveals as the very best he’s ever heard — “the one that separates the heroes from the zeroes.”
After getting into some weekly events — including a shout-out to a man who’s given the best recap of Tesla’s current situation that Dan’s seen — he gets to this week’s guest.
Ken Lewis is a results-oriented professional with more than 20 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500. His strategic and operational changes have resulted in growing both the top and bottom lines of an organization. Ken recognizes the importance of taking care of our customers while showing a deep commitment to the development of employees. He joined APMEX in 2011 as EVP of Operations, followed by two years as Chief Operating Officer.
Ken’s firm likes to call itself “the Amazon for precious metals,” and once you hear about their cost-cutting innovations on behalf of customers, we think you’ll see why.
NOTES & LINKS
- To follow Dan’s most recent work at Extreme Value, click here.
- To check out Ken’s company OneGold, click here.
0:00:48: Dan acknowledges the enthusiasm so many listeners have for short-term trading with a warning: “I think many of you have no idea how badly the odds are stacked against you.”
02:27: Dan offers the essential principle for anyone engaging in short term trading. “If all your trading begins and ends with this principle, I believe you’re far less likely to blow up and much more likely to make at least some money.”
11:14: What should you actually do to help ensure survival in markets while doing short-term trading? Dan goes over three strategies.
14:03: Dan reveals the only time you should ever think about making BIGGER bets in the stock market (and it’s not when a bull market strikes).
18:45: Dan encourages all listeners to go to William Smith of Blaine Capital’s assessment of Tesla. “It’s the best recap of the Tesla situation if you want it in a nutshell.”
20:33: Dan gets into Alphabet’s 6% slide this week, after reports the Justice Department is preparing a Google antitrust probe.
28:29: Dan introduces this week’s podcast guest, Ken Lewis. Ken is a results-oriented professional with more than 20 years of leadership experience across a broad range of retail and technology organizations, many of which are in the Fortune 500. His strategic and operational changes have resulted in growing both the top and bottom lines of an organization. Ken recognizes the importance of taking care of our customers while showing a deep commitment to the development of employees. He joined APMEX in 2011 as EVP of Operations, followed by two years as Chief Operating Officer.
29:34: Dan asks Ken how he got in the business of “trading gold and silver over the internet.” Ken tells him about how he jumped at the chance to join APMEX.
33:03: Ken explains how APMEX’s technology allows customers to automatically dollar-cost average as little as $5 into precious metal markets, each morning, for months at a time.
39:55: Ken explains how APMEX enables users to enjoy incredible safety and transparency in precious metals markets. “We write everything to a blockchain held on a third party system that you can access directly from our website.”
41:10: Dan reads aloud a question from a user who asks about an additional premium on one of the bars he bought. Ken clarifies that pooled ownership of the metal is what enables such low costs in the first place.
43:59: Dan asks about the process of redeeming his precious metals and getting them shipped to him. Ken says, believe it or not, shipments to the U.S. can come free freight.
1:03:54: Dan reaches into the mailbag with a question from Jerry F., who asks Dan about Mark Yusko’s views on what happens to Bitcoin when it’s no longer able to be mined. Dan shares our resident crypto expert at InvestorPlace Media, Eric Wade, about what’s in store for Bitcoin then.
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