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Ron Kaiser
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Ron Kaiser   My Press Releases

Buying Gold Coins Seems Like The Only Way To Invest

Published on 10/8/2011
For additional information  Click Here

Keep the gold value of your investments growing. Investors buy coins at a premium of about l-5% above the underlying gold value. Silver is skyrocketing, not just in dollars, but in gold value as well, having closed convincingly above its long term resistance level.. Under the gold standard system, all participating currencies were convertible based on its gold value. The foundation of the gold standard is that a currency’s value is supported by some weight in gold. Inherently, it makes sense to value currency by some tangible and precious resource, otherwise, currency is just paper bills. Silver Value And silver has at times been more valuable than gold, as in ancient Egypt. Silver, which has extensive industrial uses but very little monetary use at the moment, is more of an investment – it can gain or lose value relative to gold. Last month the price of silver broke its 30-year top. Gold and Silver prices rose above $1430 an ounce while silver surged 3 percent to 31 year highs. Did You know that One ounce of gold can be drawn into a wire 50 miles long? Currency Value Currency is nothing but an IOU, a promissory note that is not backed up with any tangible value. The currency primarily held by the world’s central banks is the US Dollar also known as A Federal Reserve Note, and Note that’s what it is. Governments overprint money and their currency crashes. So by increasing the number of dollars — by inflating the stock of money — the state reduces its exchange value. I believe that gold silver or anything else for that matter could be used as currency as well, and this should be sufficient to make those who consider them to be security happy too. Gold and Silver just happen to be the medium that Governments can’t dilute, debase or otherwise steal value from their people. Conclusion The USA, currently the world reserve currency, is reported to hold over 8,000 tons of gold, but as it refuses to have this audited and is accumulating debt like and express train going downhill with no breaks. The excessive printing of dollars means the US has no hope of pegging the dollar to gold, not with a measly 8,000 tones. If the gold was pegged to the dollar correctly the price of gold would be around 52,000 per ounce. The Chinese yuan, however, is a slightly different story. China holds $2.85 trillion in foreign reserves, mostly dollars and as the value of the dollar decreases with excessive printing of more, the foreign reserves of china lose their value and the value of the yuan increases. Whether or not China does eventually accumulate enough gold to create a new world gold standard, it certainly gives new meaning to the words, It is in my opinion wise to invest in as much gold and silver buillion you can as soon as possible. When the crash happens it waits for noone. ————— Article Source: Article Base About the Author Do You Believe Gold Will Reach $2000 by July? Vote Here And Find Out The Latest Gold And Silver News, Price, Charts and Videos. Lindsey Williams predicts gas will be $225 per barrell and gold $4,000 bin 2012
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