AstrixGarfield626
Gold and silver coins are the primary method to stock up on recognizable assets that you will be able to use in the future if for whatever reason or situation arises where you won't be able to use the printed money from your country to purchase food or offer your family.
The buying price of both silver and gold are in accordance with the international exchange rate of the local currency towards the U.S. Dollar or the Euro, but that is irrelevant in the bigger picture of things whenever you consider the buying power of the paper money today as well as in the future.
If something happens that triggers the local paper money not to be authorized by local vendors for daily purchases, then you need to possess some sort of higher quality and a "more in demand" type of valuable in your possession to buy the meals and water you'll need before the government returns on the right track which might take a few months to even a couple of years.
If you live in a country that isn't primarily English speaking, you most likely aren't reading this right now, but when you're, the best types of silver and gold coins to stock up on are the type that individuals from your area will recognize for his or her international quality and value.
The U.S. Double Eagle and also the Canadian Maple Leaf are very recognizable, however the South African Kruger Rand may be the standard with regards to gold coinage for that specific purpose of quality and weight.
Many of the coins which are made by government mints are exactly 1 ounce and 90% pure. Traditionally a mint will convert the gold you seek out from the ground into a coin or bar, however they have always charged a 10% fee that's realized in the form of the purity of the final product you receive. The governments and mints attempt to tell you just how they add nickel and copper to make the coin stronger therefore it will withstand the damage and tear of daily use, but that is a load of bull because I don't are conscious of anywhere today I can spend gold.
Basically walk into a Chevy dealership am i going to be able to convert 20 gold one ounce Double Eagle coins right into a new Corvette? Certainly not; they'll send me right down to some dealer which will buy my coins after which I have to take a sack of cash back to the dealer.
What if things get a bit bad socially or economically and I want that same Corvette and my paper money is worthless? Or at least worthless to the person I wish to buy a product from. I quickly must have a type of commodity that has a value far above the value of the worthless paper.
This is just a good example, however for 3 to 4 generations the American society continues to be taught to save their cash, their paper and copper clad coins. These have no true or real value. This type of currency may be worth under casino chips plus they cost about Four times more to produce. Yet our children are banking them and hording them like they'll be their salvation at some point in the near future.
Personally, i do not think the banking system will collapse badly as the dooms day people say, however i think there will come a period when silver and gold will be a great investment for safety and security.
What, that point is now. Within the mid 90's I was buying silver coins as stock silver from coin dealers. These were in bank bags and weighed 52 pounds per bag. When silver hit over $40 per ounce, I was not disappointed whatsoever.
Simultaneously gold was very high at $285 per ounce so I am not too upset which i bought Double Eagles and Kruger Rands by the pound also.
Even though the relative price of silver and gold looks like it is very high today, the truth is that the value of both metals is mostly relative to the buying power of your local currency. When the price of gold seems like it's up, that only means the need for you paper is down and the price of a loaves of bread or perhaps a gallon (or liter) of mil is up also and in all likelihood exactly proportional to the cost of gold.
The value of precious and industrial metals is really constant over a long period of time and they are the easiest method to preserve and protect your buying power when you don't know or possess a worry about the need for the paper you're holding.
For this reason countries and governments mint silver and gold coins in the first place. The need for their paper cash is only just like the way people experience their cash. Not the particular value, the way in which people feel about the worthiness.
