Ever looked at all of the billboards, signs, and commercials all over the place recently that would like to buy your gold and silver from you? “You can get lots of money for your old gold & silver watches!” Why did places of business start buying goods that they sell from their customers? Believe me when I tell you they wouldn’t be buying them to have their staff busy. Only last year, precious metals values have reached all-time highs, so why were they purchasing? Wouldn’t that be a poor business decision? Perhaps, they are aware of something that we don’t know. They didn’t make bad choices; rather they were acting on some basic assumptions that will be an advantage for them at the end.
I’m definitely not an investor who has buckets of cash. I only found out about the prices of gold & silver from returning left over scrap metal from a construction site. Prior to the crash of the stock market about four years ago, I pulled my annuity out of mutual funds and got some physical gold. For a bad economy, I knew that it was better to have my investments readily available. So, I wasn’t building an annuity that would handicap me for pulling out too soon, and I didn’t want to tie my money up in property. This was a very wise choice. Now, I simply accumulate when the price drops, and witness my net worth climb.
Five Motives To Accumulate Gold
If you were to divide up all gold available for investment world-wide and allotted it evenly, there would only be enough for everyone 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 the safe haven during economic volatility and will increase in price.
Just like silver, investing in gold is prudent, independent, 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 Reasons To Accumulate Silver
We are approaching a silver shortage as inventories haven’t ever been so sparse.
The amount of silver that is available to invest in the world is actually less 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.
No metal is as reflective, can conduct as much electricity, or is as thermally resistant which is why it is so irreplaceable to many industries.
Knowledge is power, they say. Yet, it is useless unless acted upon. Knowing this, those that purchased gold or silver took that action and are now smiling all the way to the banks. They have knowledge of something that most of the uninformed populace doesn’t. The global economic turbulence that is currently damaging most of Europe (and Greece is just the beginning of this) ends up with the Federal Reserve having to keep handing out money. A majority of people believe that inflation is a rise in prices, but that is only a symptom of it. Inflation is an increase in the supply of currency. Yep, so each time you hear some dignitary speak about billions of dollars in bail-out funds or QE, you know what comes shortly. Guess what happens to the values of gold and silver? It’s safe to say that I will be looking forward to it.
Kyle Shasta always puts out current articles about the gold & silver industry. Click the link to get more.