Well it is true. The price of gas is the same as it was when you paid 25-cents a gallon. This was back in the time when each paper currency dollar had the equivalent in real money, silver or gold, in the national reserves. Those times are gone. And that is why paper money has no 'real' value.
The truth is, the same about of silver that backed that 25-cents a gallon gas will still buy that gallon. The value of silver has not changed dramatically. Real money, like gold and silver, holds its value. When you crunch numbers, food, gas, and almost everything else is the same price. That is it would require the same amount of silver to buy it as it did back then. It is paper money that we need to pay for commodities. The value of the US dollar has gone down.
That is why investment experts recommend portfolios to contain 10 - 20% in gold, silver, and platinum bullion and bullion coins. The current political and economic environment is renewing people's interest in precious metals.
One of the problems with an increased demand is the number of shysters who want to make a quick buck. They get into the business by reading a few books or taking a course or two. They might even honestly claim to have been in the business for years (as a hobby collector) But, Could they tell you what an authentic American Silver Eagle was worth or how to grade's it worth?
One company that can help is Monex. Since 1967, they traded billions of dollars in gold, silver, platinum and palladium bullion and bullion coins. They have developed the experience, expertise and resources to help any precious metal's collector, from the amateur to someone looking for a rare find. More than one hundred thousand investors have purchased billions of dollar. They enjoy working with people and helping new buyer's invest in their first 'real money.'
1 comment:
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