Have you ever become aware of all of the billboards, signs, and commercials everywhere recently that are marketing to purchase precious metals from you? “You can receive lots of dollars for your unused gold and silver rings!” Why did jewelry stores begin purchasing goods that they sell from their clients? Believe me when I tell you they aren’t purchasing them in order to have their staff active. Just recently, precious metals values have approached record peaks, so why now? Isn’t that a bad business decision? Perhaps, they know of some things that some of us don’t know. They aren’t making bad business choices; instead they were acting on some basic fundamentals that will pay off for them at the end of the day.
I’m definitely not an investor who can claim to have millions of dollars. I just found out the price of metals by delivering extra junk metal from a job site. Just previous to the crash of the stock-market back in 2008, I took my annuity out of stocks and bought physical gold and silver. While in tough economic times, I was aware that it was better to keep my money accessible. Therefore, I wasn’t building an annuity that penalizes me for pulling out too soon, and I didn’t want my money in housing. This was a very smart choice. Now, I simply purchase on the dips, and have my net worth keep growing.
Top 5 Motives To Accumulate Gold
If you rationed all of the gold that was for investment purposes world wide and allocated it proportionally, we would only have enough to give to everybody to have one-third of an ounce.
Gold is always reflected by the amount of all of the currency that has been printed up to this point, so as more and more is produced by central banks, then guess what? Gold would have to soar in order to account for this to be around $15,000 an ounce.
Gold is safe during economic volatility and can still grow it’s price.
Just like silver, buying this precious metal is judicious, sovereign, and portable.
Gold has always been thought of as currency through the course of history and, unlike fiat currencies, has never failed, collapsed, or given up its monetary status.
Top 5 Justifications To Acquire Silver
We are on the verge of having a silver shortage because inventories have never been so sparse.
The silver that is available to invest on the planet is actually scarcer than that of gold.
So, if you were to divide up all of the silver and doled it out evenly globally, each person would have 1/14th/oz.
Silver has thousands of uses. In fact, of all the commodities, just oil can claim to have more uses.
There is no metal that is as reflective, can conduct as much electricity, or is as thermally resistant which makes it so irreplaceable to many industries.
Knowledge is power, they say. Yet, it has no power unless acted upon. Armed with this knowledge, those that purchased gold & silver took that action and smiled on the way to the bank. They know about something that the majority of the uninformed populace doesn’t. The global economic turmoil that is now damaging the majority of the Eurozone (and Greece is just the start of this) results in the Fed having to hand out money. Some people think that inflation means that prices are rising, however that is only a symptom of it. Inflation means an increase in the supply of currency. Yep, o each and every time you hear some dignitary speak about trillions of dollars in bail-out money or quantitative easing, you know what is going to come shortly. Guess what happens to the prices of gold and silver? Well it’s safe to say that I am looking forward to it.
Kyle Shasta always puts out current articles about the gold & silver industry. Click here to go to his website.