Ever recognized all of the billboards, signs, and commercials all over the place lately that are marketing to buy your gold and silver from you? “We will give you lots of money for your broken gold and silver earrings!” When did businesses start buying goods that they sell from their customers? Believe me when I tell you they aren’t looking in order to keep their staff busy. Just recently, the gold and silver prices have hit all-time highs, so why did they buy then? Isn’t that a poor business decision? Perhaps, they are aware of some things that the vast majority of us don’t know of. They aren’t making poor decisions; instead they were following some principles that will pay off for them ultimately.
I am not a savvy investor who has billions of dollars. I first became aware of the prices of gold & silver from delivering junk metal from a job site. Just previous to the stock-market crash in ’08, I pulled my retirement out of stocks and invested in gold and silver. For tough economic times, I was aware that it was a good choice to keep my investments safe and accessible. Therefore, I wouldn’t build my retirement that would handicap me for taking it out early, and I didn’t want to put it in real estate. That turned out to be a very intelligent decision. Today, I purchase when the price goes down, and witness my net worth go up.
Five Reasons To Buy Gold
If you divvied up all of the gold that was available for investment in the world and shared it evenly, we would have just enough for each person 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.
Similar to silver, buying gold is judicious, independent, and easily transported.
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 Five 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 plays an instrumental role in thousands of industrial products and processes. Actually, of all the commodities, only oil claims 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 uniquely indispensable 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 cutting edge articles about the gold and silver markets. Click here to go to his website.