Invest In GOLD and SILVER!

The History of Gold

Gold and Silver are at historical heights these days, over 100% since I wrote this article a few years ago! With all the chaos around the world people with money just don't know where to put it. So even though Gold and Silver are at an all time high I still think it's a good investment. Moreover, if you compare gold and silver with other investments like real estate or the stock market gold and silver wins every time. There are three reasons why I think you should invest in gold and silver. They have historically been a good investment, they are untraceable and they rise in uncertain times.


As far back as history goes gold and silver have been considered valuable. It is even mentioned in the book of Genesis eight times. Gold and silver are precious,beautiful, coveted all around the world and will always be traded as currency.


Gold and Silver bullion are virtually untraceable in metal form as opposed to gold and silver stocks. That means that no one knows how much money you have and no one knows how much your gold and silver have appreciated because there is no paper trail which means there are no taxes either.


Gold and Silver rise in uncertain times. Boy, if these aren't uncertain times I don't know what is. When real estate is down, when stocks are taking a roller coaster ride, when the news tells you everything is OK while you and all your friends are out of work, gold is the commodity you want to have. If you had invested in gold three years ago and divested in real estate and stocks(like I advised all my friends) you would be up over 100 percent today (silver would be more like 400%), you tell me what other asset can claim that! It's beautiful, it's portable, it's tangible and it's hidden, what more do you want in an asset in uncertain times?



According to the website below Gold reached astronomical heights during the Wiemar Republic; the following is how many German Marks it took to buy an ounce of gold and silver at this time.

Hyperinflation: Wiemar, Germany January 1919 to November 1923
[Expressed in German Marks needed to by an oz. of ag. or au.]"

Jan. 1919
Silver 12
Gold 170

May. 1919
Silver 17
Gold 267

Sept. 1919
Silver 31
Gold 499

Jan. 1920
Silver 84
Gold 1,340

May 1920
Silver 60
Gold 966

Sept. 1921
Silver 80
Gold 2,175

Jan. 1922
Silver 249
Gold 3,976

May. 1922
Silver 375
Gold 6,012

Sept. 1922
Silver 1899
Gold 30,381

Jan. 1923
Silver 23,277
Gold 372,447

May. 1923
Silver 44,397
Gold 710,355

June 5, 1923
Silver 80,953
Gold 1,295,256

July 3, 1923
Silver 207,239
Gold 3,315,831

Aug. 7, 1923
Silver 4,273,874
Gold 68,382,000

Sept. 4, 1923
Silver 16,839,937
Gold 269,429,000

Oct. 2, 1923
Silver 414,484,000
Gold 6,631,749,000

Oct. 9, 1923
Silver 1,554,309,000
Gold 24,868,950,000

Oct. 16, 1923
Silver 5,319,567,000
Gold 84,969,072,000

Oct. 23, 1923
Silver 7,253,460,000
Gold 1,160,552,662,000

Oct. 30, 1923
Silver 8,419,200,000
Gold 1,347,070,000,000

Nov. 5, 1923
Silver 54,375,000,000
Gold 8,700,000,000,000

Nov. 13, 1923
Silver 108,750,000,000
Gold 17,400,000,000,000

Nov. 30, 1923
Silver 543,750,000,000
Gold 87,000,000,000,000

Where to Buy Gold and Silver

You can buy gold and silver at any coin shop. While it is about $1,800 an ounce (I've had to adjust this amount up 5 times since writing this article) right now you can buy ½ ounce and ¼ ounce coins or bars. Silver is at about $40 dollars an ounce. If that is still too expensive you might want to invest in copper coins and/or bars. Some people are purchasing jewelry, and while I wouldn't sell my gold jewelry I also wouldn't invest in it either. Moreover, do not purchase gold and silver stocks, most of these stocks have clauses in them that state that they can be redeemed with cash if the metal is not available. Some analysts think that gold and silver stocks are being oversold, therefore you might just end up with a stack of useless paper money when you redeem them. Stick to the coins and bars they will be easier to trade should you need them and you have them in your hot little hands for ...oh say food or shelter someday.


Where to Store it

If you do invest in gold and silver make sure you store it in a safe place. Personally, I wouldn't store it in a safe as that is the first place a burglar will look. There are all sorts of hiding places that no one would ever think to look. Keep the gold wrapped in plastic and away from heat. I know one person who stores their gold and silver in a frozen uncooked meatloaf in the freezer!

Just in case the thief has a metal detector I suggest you hide it in a copper vase or possibly in the hollow of a curtain rod, that way when the detector goes off the surrounding metal may be seen as the culprit.  Another idea is to hide it in a waterproof box in trees, most people do not look up and outside when looking to steal. 

Use your imagination, you'll come up with something.

Whatever you do, do not keep it in a safety deposit box in a bank. Safety deposit boxes are not insured against robbery and they restrict your access to your gold. In addition, storing your gold in a safety deposit box allows the government access to your gold, something to avoid ever since FDR confiscated all gold in 1933. Some banks have closed and some banks have even stolen things out of people's safety deposit boxes.


SHHHHH

Finally, keep your mouth shut about investing in gold. This may be the most difficult thing you can do but there is no better way of being relieved of your investment in gold than to talk about it with others.

Good luck and good investing!



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Comments 28 comments

foreignpress 6 years ago from Denver

What's great about Colorado is that I don't have to buy gold. Much of it washes down from the mountains in the form of flakes that settle in cavities along streams. Sometimes, the brilliance is dazzling when the sun hits the gold flakes a certain way. A simple pie pan plus drinks and snacks and the day is profitably yours. But what is gold? It's little more than another diversion from the true purpose of our being here on Earth. Thanks Brie for another great hub. Your hub score should be in three digits.


Brie Hoffman profile image

Brie Hoffman 6 years ago from Manhattan Author

Maybe I should move to Colorado!


foreignpress 6 years ago from Denver

Indeed! What's interesting is that the gold mines are no longer profitable for large-scale mining, but they do supply enough for individuals. As we draw closer to double-digit inflation (later this year), finding precious metals will be preferable to buying especially when personal funds are aleady squeezed. I keep gold in my freezer in plastic bags. My freezer will be here long after the banks have perished.


Brie Hoffman profile image

Brie Hoffman 6 years ago from Manhattan Author

That's almost as good as the meatloaf idea.


andromida profile image

andromida 6 years ago

Certainly gold is being considered as a secure investment for years. In my life-time I have seen how its price hike every year almost at linear pace.In my part of the world, another secure investment is real-estate.thanks :)


Brie Hoffman profile image

Brie Hoffman 6 years ago from Manhattan Author

Well, Real estate is NOT secure here!


jimdet 6 years ago

I agree with you 100 percent. Even though the price of gold is at it's peak now, you can bet it will be a lot higher in the future when all Obama's entitlement programs will need to be paid for.


dave 6 years ago

I have been panning gold since high school- forty years ago-Give that amout of time and never selling any of it how much is 400 ounses wourth today-Mine is hidden very well-and I'm not gonna tell ya-Bye


Brie Hoffman profile image

Brie Hoffman 6 years ago from Manhattan Author

Good for you dave! Do you need a wife :)!


BenWritings profile image

BenWritings 5 years ago from Save me from, Tennessee

lololol " do you need a wife "


Brie Hoffman profile image

Brie Hoffman 5 years ago from Manhattan Author

Can't blame a girl for trying.


BenWritings profile image

BenWritings 5 years ago from Save me from, Tennessee

400 ounces of panned gold...I'm pretty sure I'd marry him for that ;]


Brie Hoffman profile image

Brie Hoffman 5 years ago from Manhattan Author

funny!


Dobson profile image

Dobson 5 years ago from Virginia

Brie - If only we had been savvy enough in our youth to snatch up some gold when it was dipped to lower levels. How wise would we look now? Great hub about the value of gold and silver investing!


Brie Hoffman profile image

Brie Hoffman 5 years ago from Manhattan Author

Very true and I just caught on 3 years ago...however if you look at the Wiemar Republic I think even now would be a good time to buy considering what is coming. I need to research another hub to see if there is any way possible for us to avoid going into hyperinflation. Because ..if not..then it's silver and gold even at today's prices.


thecarte profile image

thecarte 5 years ago from New Jersey

Agreed I have literally double the value of my precious metals since I started. :) I didn't mean to mark it funny. Sorry it won't let me take it away. Hahaha


Brie Hoffman profile image

Brie Hoffman 5 years ago from Manhattan Author

That's ok..you can make it up by posting it on your facebook :)


jacharless profile image

jacharless 5 years ago from Between New York and London

According to Mike Dillard, the reason gold is reaching these heights is due o a series of steps to the collapse of the financial system. Has happened twice in US history. The last time it happened the US took the lead as the global leader, post depression and the former millionaires who moved their money into gold, became billion and trillon -aires. Accordingly, the US is in the last stage, when the money is transferred into precious metals until things upturn.

link: http://thegreatwealthtransfer.org/

James.


Sonali Singh profile image

Sonali Singh 5 years ago

Very rightly said. I was thinking of investing in Gold, but due to some reasons, I was not able to buy it and today it has reached historic heights


Brie Hoffman profile image

Brie Hoffman 5 years ago from Manhattan Author

If you can't afford gold get silver!


Druid Dude profile image

Druid Dude 5 years ago from West Coast

Ever consider prospecting? After all, the best gold is gold you find!


Brie Hoffman profile image

Brie Hoffman 5 years ago from Manhattan Author

I've thought of it but to tell you the truth it's not really something I would enjoy doing (I think).


Judi Burton profile image

Judi Burton 5 years ago from Myrtle Beach

Garage sales Here I Come. Plenty of silver to plunder there!


Brie Hoffman profile image

Brie Hoffman 5 years ago from Manhattan Author

Great idea!


GoldSilverOrg profile image

GoldSilverOrg 4 years ago

Very Useful Hub Brie!! Inside Meatloaf lol! Great idea! Thanks for the good Info!


Brie Hoffman profile image

Brie Hoffman 4 years ago from Manhattan Author

:) Thanks


KenWu profile image

KenWu 3 years ago from Malaysia

Investing in gold?! You kidding me? Now the price of gold is shooting sky. I have a talk with a friend recently and I learnt that the gold has its prices triple since the last 8 - 10 years. Her families once bought a lot of gold in the period of time for the wedding of the son and now I believe the bride is laughing now.

You are right, no kidding, gold is definitely a great investment but we should do it before the economy turns bad. The economy has not been so good after 2008.

Voted up and shared!


Brie Hoffman profile image

Brie Hoffman 3 years ago from Manhattan Author

Whatever it is now, it will be worth more after the economy has collapsed!

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