Jewelry that are made of gold and silver
Women tend to be drawn to sparkling things including jewellery made of gold & silver. It is a great way to dress up a simple outfit and there are moments where all you need is a little sparkle to feel great about yourself. However, it seems like gold and silver are not just for dangling on a women’s wrist. There are compelling reasons to acquire them because not only are they lovely to look at but they are and will be great investments. The most compelling reason is that since the dawn of time, gold & silver were viewed as money in cultures all over the world. It is believed that in over 50 languages, the words silver and money are the same. These minerals have been searched for ans mined since before man could read and write.
Are you aware that until 1971, the US dollar was backed by gold?. Until that time, Americans were able to convert their cash into gold, which was valued at approximately 25 dollars for every ounce. However, on August 15, 1971, President Richard Nixon, made the abrupt announcement that the US dollar will no longer be supported by gold. The American government assumed a “fiat money system” being a system where a government promises to support its value at all times. Until when it can no longer. Since then, the value of gold has quietly shot up from 35 dollars to 1,900, before falling to 1,375 then rising to 1,456 dollars, as of May 01, 2013. That shocking rise tells you why gold is a great investment for the future. We must point out, that since the dawn of time, the amount of silver mined has been 11 times the amount of mined gold. Yet at the moment, the price of gold is over 60 times the price of silver. This ratio is too high and will not hold. Until when who knows? And given the fact that the world wide money supply is increasing as you are reading this and that the above ground silver stocks have been consumed in too many applications to count, it is to your advantage to purchase silver coins and rounds. Both gold and silver will continue to go strong while currencies will one day be not worth the cost of the paper and ink to create them.
Gold and Silver are finite resources
Robert Frost once said that “nothing gold is eternal”. It is interesting to note that gold & silver are finite resources and that’s what makes them very special. Because the amount of gold that is available for trade is very limited, its value also tends to be very high. That is the law of supply and demand. Because most of it is being used for jewelry and private stocks, it has become even rarer and its value even higher. It might not just be tempting to invest in gold stocks, but really is a necessity in the coming years.
There are people who would much rather just invest in money. While there is nothing particularly wrong with that, it is important to remember that currency tends to lose its value through time. Add the debts that the government finds itself in, the value of money drops in worth all the more. However, to this day, the value of gold & silver is still unaffected by these outside factors. That alone is a compelling reason to invest in it. Remember, money loses its value the minute it is out in the open, while Gold increases its value.
The value of gold and silver
You cannot pay for goods in Asia using American Dollars and neither can you pay for goods in the United States using Euros. There is no such thing as a universal monetary denomination. However, the value of gold & silver is recognized regardless of what part of the world you are in. That means that it is not affected by the changing values of currency depending on the country that you are currently in.
To this day, gold still remains to be a sought after metal. The value of other metals such as tungsten or titanium can change but the worth of gold never wavers and remains the same.
Those are but some of the compelling reasons to invest in gold & silver. It is tested through time that its value will not drop and it will always be regarded as precious. Those are the reasons why investing in gold & silver are always a good idea. In the future where technology will continue to improve, mining and finding these precious minerals will be costly and so will their values be.
Compelling Reasons to Invest in Gold and Silver