FaulkHammett888
Silver and gold coins are the primary way to stock up on recognizable assets that you will be able to utilize later on if for whatever reason or situation arises where you will not be able to use the printed money from your country to purchase food or provide for your loved ones.
The price of both gold and silver are in accordance with the international exchange rate of your local currency towards the U.S. Dollar or the Euro, but that's irrelevant in the problem of things whenever you look at the buying power of the paper money today and in the future.
If something happens that triggers your local paper money to not be authorized by local vendors for daily purchases, then you need to have some kind of higher quality along with a "more in demand" kind of valuable in your possession to buy the food and water you will need before the government returns on the right track which might take a few months to even a couple of years.
If you live in a country that is not primarily English speaking, you probably aren't looking over this at this time, but if you're, the very best types of silver and gold coins to stock up on are the type that individuals from your area will recognize for their international quality and value.
The U.S. Double Eagle and the Canadian Maple Leaf are very recognizable, however the South African Kruger Rand is the standard with regards to gold coinage for the specific purpose of quality and weight.
Almost all of the coins which are made by government mints are exactly 1 ounce and 90% pure. Traditionally a mint will convert the gold you dig out of the ground right into a coin or bar, however they have always charged a 10% fee that's realized in the form of the purity of the final product you receive. The governments and mints attempt to tell you just how they add nickel and copper to make the coin stronger so it will withstand the damage and tear of daily use, but that's a lot of bull because I don't know of any place today I can spend gold.
Basically walk into a Chevy dealership am i going to be able to convert 20 gold one ounce Double Eagle coins right into a new Corvette? Certainly not; they'll send me right down to some dealer that will buy my coins and then I have to take a sack of money back to the dealership.
What if things get a bit bad socially or economically and I want that same Corvette and my paper cash is worthless? Or at least worthless to the person I want to purchase a product from. I quickly need to have a kind of commodity which has a value far above the need for the worthless paper.
Case a good example, however for three to four generations the American society has been taught to save their cash, their paper and copper clad coins. These have no true or real value. This type of currency may be worth less than casino chips plus they cost about Four times more to produce. Yet our kids are banking them and hording them like they'll be their salvation at some point in the near future.
Personally, i don't even think the banking system will collapse as bad as the dooms day people say, however i do think there will be a time when silver and gold will be a great investment for security and safety.
What, that point is now. Within the mid 90's I was buying silver coins as stock silver from coin dealers. They were in bank bags and weighed 52 pounds per bag. When silver hit over $40 per ounce, I wasn't disappointed at all.
Simultaneously gold was very high at $285 per ounce so I am much less upset which i bought Double Eagles and Kruger Rands by the pound also.
Even though the relative price of silver and gold appears like it is very high today, the truth is that the value of both metals is mainly in accordance with the buying power of the local currency. When the price of gold seems like it is up, that only means the need for you paper is down and also the cost of a loaves of bread or a gallon (or liter) of mil is up also and in all likelihood exactly proportional to the cost of gold.
The need for precious and industrial metals is pretty much constant on the long period of time and they're the easiest method to preserve and protect your buying power whenever you do not know or have a worry about the value of the paper you are holding.
This is why countries and governments mint silver and gold coins to begin with. The value of their paper cash is only as good as the way in which people feel about their money. Not the particular value, the way people experience the value.
