Not only am I obsessed with health, I also love getting involved with investing! Have you looked into gold and silver prices lately? With our depreciating dollar, I thought I would take a risk and put my money where it could possibly appreciate. I was right!
Four years ago a close friend of mine turned me on to investing in precious metals, such as gold and silver. I’m not talking about gold and silver notes, such as the beautiful smelling greens in your wallet. Rather, physical tangible objects of value. In fact, these metals were often the only form of trade and have sparked numerous civil and international wars over the last two centuries!
How do you know who to trust? My friend and I invested in a seemingly trustworthy company. The process was flawless. Based on our purchase amount, we were told our investment would arrive in 6-8 weeks. If the company was unable to deliver the product because of high demand, it would return our investment for the full purchase price. Alternatively, it would offer the amount earned from the increased value of the investment. It sounded like a win-win situation!
After buying our precious gold and silver investment, we just waited. I found myself constantly watching the gold and silver markets. Every breath I take, every move it makes, I was watching. But it was fluctuating for the good! Even before the goods arrived, the return on investment was promising. I felt like a wise decision had been made, and I was feeling good.
History Lesson
Have you ever heard about the gold standard? Let’s say you have $1000. Way back when you would be able to exchange that $1000 for $1000 worth of gold, they would have the same value. But today, $1000 would not even be equivalent to an ounce of gold. As we all unfortunately know, our beloved dollar has tanked on an international level, and now gold is at an all-time high.
Here is a graph showing the appreciation of gold in the last year: (click on graph to enlarge)
The Nixon Shock put an end to the monetary system on August 15, 1971, and the governments all over the world printed money like club promoters sending out text messages, or even worse uncontrollable gas coming from a 90-year-old. It was uncontrollable! Article
Why now?
There is a limited supply of gold and silver. Sound familiar to a certain famous gemstone? (Think Tiffany’s) I believe the prices are low because gold and silver suppliers are depressing the value of such metals by withholding them, obviously for their own economic benefit. Eventually, prices will skyrocket, and it will be cheaper to burn money than to purchase firewood. But of course, this is purely my opinion…
My logic is this: With war, high inflation, economic downturn, depreciation of the dollar, and business failures, why not invest into something that is tangible? It seems safer to me to buy gold, which as for centuries has value, rather than the dollar that goes up and down based on the current President. Not to mention other factors that I have not delved into such as, scared third world countries hoarding gold in self-preservation, fear, greed, and other unfortunate characteristics of human beings.
How about that stimulus package Barack Obama signed in February 2009? Gold prices moved 6.4% from $967 per ounce prior to the passage of the bill, to over $1001 after the bill was signed into law. Although I did not completely support the stimulus package, it is pretty amazing the effect it had on the gold market. Article
Silver! Seriously?
Don’t underestimate silver. Check out this graph: (click graph to enlarge)
This graph might not look promising to some of you. But connect this 5-year graph to the one above (click graph to enlarge)
From March of 2003 to March 2010, it looks much more promising, isn’t it?
Jason Hommel, an extremely outspoken silver guru (as I like to call him), has said, “Three more major silver dealers are reported to be out of silver today: The US Mint, Kitco, and Monex. This, on top of the major dealers yesterday, Amark, Perth Mint, CNI Numismatics, and APMEX all reported sold out. Further, nearly all of Canada is reported to be out of silver, from Vancouver to Toronto.” Who would have thought that we could run out of silver? I find this so fascinating, don’t you?
What happens with supply and demand? When the demand goes up prices rise. When supply runs out prices rise. This is why it is very important to purchase real precious metals and not fluctuating notes when investing.
Notes
If you don’t understand a note. Pull out your wallet. You see those crisp dollars you have? Those are notes. It’s a piece of paper stating you have something when in all reality, it’s just a piece of paper. What if the government says your dollar isn’t worth anything? What would you do? Don’t think it hasn’t happened before, because it has. Investing in precious metals gives you leverage, which over time gives you control. You have something to show for it! You own the commodity!
Safety measures
If you do decide to invest in gold and silver, do not leave it lying around in your home. Put it in a bank safe and lock it up! Don’t risk having it in a home safe or storing it under your mattress. There are places that ensure your precious metals for the full value price.
When the dog pile hits the fan, you and your family will be protected by your investment. The one thing you have to realize is that silver is extremely heavy!!! I’m not kidding! I’m in pretty good physical shape and I had a hard time lifting the bag of silver I received. Gold is lighter, easier to hide (especially if it comes to crossing borders if you get my drift.) Don’t be afraid to over plan for your future. There is nothing like being prepared to protect yourself and your family, priceless.
Where to purchase
I will only vouch for one place. I purchased my gold and silver through Northwest Territorial Mint. WEBSITE Their customer service was great, easy to work with and follow through with the demand of orders placed.
What can you afford?
If you think that you can’t afford to invest in gold and silver at this time, I suggest you start small. Save and have a little faith. This could be one of the best investments you could ever make.
If you have any questions please feel free to ask.