Monday, May 30, 2011

Why buy Gold and Silver vs Holding Dollars

Why buy Gold and Silver vs Holding Dollars Some basic information as to why people are converting some of their dollars to physical gold and silver. It explains some basic history of gold and why printing money out of thin air is helping physical gold and silver go up in value.I look around on the prices among well known companies.(NWT, APMEX, Kitko, etc, etc..) I've noticed MANY would cost us HIGH in total. MOST has minimum order like $1000.00 or 50 oz, plus some time S/H charge. Then depending on your payment method, your bank will also charge you their service fee. Today the spot price is about $43/oz. It would cost you about $60 / total. If you buy them from eBay or flea Market, got to watch out since so many Chinese fakes are going around.

Our nation is the largest debtor nation with over 14.3 Trillion dollars in official debt. The only move our government can do is to inflate away our debts. We print so many dollars that the money eventually becomes worthless. Inflation is bad for creditors, but good for debtors. If we deflate the currency, economic growth will slow down. Foreclosures and Bankruptcies would go up. Our nation has past the point of no return. The best thing we can do is to prepare ourselves.

1 comment:

  1. thank you for pointing out the Chinese Fakes, not to mention those silver plated 100 mill bars.. with the leaves on the back..

    I almost fell for those a few times, the pictures and the prices start to blur when you are scrounging for good deals on

    Caveat Emptor for sure!