WHY INVEST IN BULLION?
STABILITY IN AN UNCERTAINT WORLD
Some of the reasons why we should be looking at Gold, Silver and similar investments is because we need to protect our wealth with pure savings. For instance, when a Nation’s economy and therefore currency weakens, gold and silver prices go up. So, putting a little away now for a rainy day, perhaps into a retirement fund, will help to achieve some financial security and independence, bringing with it a greater sense of stability. A bit of safety to help protect ourselves and bring peace of mind in an uncertain world.
SOME INTERESTING HISTORY
The currency we use today is known as fiat money and is currency established as everyday money by government regulation or law. Fiat money has been defined variously as:
Any money declared by a government to be legal tender.
State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.
Intrinsically valueless money used as money because of government decree.
While gold or silver-backed representative money entails the legal requirement that the bank of issue redeem it in fixed weights of gold or silver, fiat money's value is unrelated to the value of any physical quantity. A coin is fiat currency to the extent that its face value, value defined in law, is greater than its market value as metal. Wikipedia.
Gold and silver is often referred to as real money. It is not linked to the Gold Standard, the monetary system that links directly to a currency´s value of Gold. The US abandoned the Gold Standard to help combat the Great Depression in the early 1930´s. President Franklin D. Roosevelt in 1933 cut the dollars ties with gold, allowing the government to pump money into the economy and lower interest rates. In 1971 President Richard Nixon abruptly stopped foreign governments exchanging dollars for gold and ended the practise of dollar- flush foreigners sapping U.S. gold reserves.
HOW I DO IT
Personally, I use ISN, the International Silver Network:
They have the most reasonable rates.
There are no Credit Card Fees.
They deliver gold and silver worldwide.
Will buy back from you at market prices.
They offer you the opportunity to become an affiliate which earns good residual income.
At a friend’s suggestion, I read The Richest Man in Babylon, by George Samuel Clason.
He talks of:
Paying Yourself First.
One tenth of your income for savings, i.e. silver or gold.
Two tenths of income to pay debts, and the rest to live on.
His Five Laws of Gold are quite thought provoking.