Buying Gold?

Question

Is buying gold a smart thing to do??

Answer 1

Yes. Also silver is good to buy. Both gold and silver have real value. Paper doesnt have real value. Both gold and silver are the only Constitutional form of money. Only gold and silver are to be used under the Constitution as legal tender.

Gold and silver hasnt been widely used as money in many years. We were taken off a gold standard in 1971. Our coins used silver until 1965.

Gold and silver is honest money. Paper is not. Paper is dishonest money. Paper has no value. Gold and silver does.

Most people dont know why gold and silver has real value and paper doesnt. Its a history and education that has mostly been lost due to lack of passing that knowlege on for the last 4 generations.

As I said gold and silver have value. There are 2 reasons why both metals have value as money.

1 - Gold and silver are both somewhat rare forms of metal. It is a commodity and has special properties that have been reconized throughout history as a store of value and a medium of exchange.

2 - The main thing that gives both gold and silver a store of value is exactly what it represents. This is the most important reason for buying gold and silver. Both gold and silver represent the value of someones labor or work in producing this rare and special metal. Someone had to mine it. Someone had to smelt it and make it as pure as possible. These metals represent the real working man and his hard work or labor. Paper doesnt meet this test as what is printed on it can be done by fiat. This is why gold and silver are accepted as money. It represents the honest labor of a worker. Paper is dishonest money because it can be produced by almost anyone with little or no effort.

This dishonest money we use today has been the breeder of ALL the dishonest business practices we have seen since 1934 when gold was outlawed in the US. It has led to the corprate greed, all the speculative bubbles etc that we have seen. Gold and silver are honest money and to produce it, it takes hard honest work.

This is what makes gold and silver have value and why you should own it. It is the only true store of value and has been for over 5000 years.

Answer 2

For centuries, buying gold has been recognized as one of the best ways to preserve one's wealth and purchasing power. Gold is a unique investment, one that has served mankind well for thousands of years. From the times of ancient Egyptians, Greeks and Romans to more modern times, man has been fascinated with the beauty and magic of gold, and with its power to change men's lives.

Gold bullion is real, honest money...and, many say, the best form of money the world has ever known. It is a store of value and a safe haven in times of crisis. Gold is rare, durable and does not wear out in the manner of lesser metals (or paper!) when passed from hand to hand. A small amount, easily carried, can purchase a significant amount of goods and services. It is universally accepted, and can be easily bought and sold around the world.

Today, the beauty of a gold bar lies in its ability to diversify investments, protect wealth and preserve one's purchasing power.

Answer 3

Even selling gold is a good option. Gold provides a great opportunity to make money. WIth governments opening futures trading on gold gold is a very good and safe place to put your money. The speculation trade as it is called futures trading is fast catching minds and imagination.

Answer 4

i have been hearing from ALOT of people this is the way to go if you can as a complete U.S. economic collapse is expect to hit late august early fall. paper will be worthless. (theses are the "rumors" circling my contacts) it'll be back to the gold standard.