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.]"
June 5, 1923
July 3, 1923
Aug. 7, 1923
Sept. 4, 1923
Oct. 2, 1923
Oct. 9, 1923
Oct. 16, 1923
Oct. 23, 1923
Oct. 30, 1923
Nov. 5, 1923
Nov. 13, 1923
Nov. 30, 1923
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.
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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