You are going broke today, and you do not have any idea!
Allow me to explain: If the gold standard was started, the cost of gold remained constant at $20.65 per troy oz. It changed only a single dime in between the years of 1833 and 1890.
The gold standard is built to strengthen our dollar. And for more than 55 years the US dollar was good as gold - virtually. Then, from 1891 to 1930 the US dollar still held powerful to the gold standard, the top being $21.32 and the low being $20.58. But over the years things have transformed.
At one time in our quick history where you could take a $5 bill and get it for it's worth in silver. This was because the US dollar was backed by true silver and real gold! Try using your $5 bill to the bank now and doing that... They'd laugh you out of there.
The US Constitution (Article 1 Section 10) explicitly declares that all currency Need to be minted in silver and gold: "No state shall give off bills of credit or make anything but gold and silver coin a method in payment of financial debt."
But if you take out your George Washington dollar you will notice visibly written on the bill: "This note is legal tender for all debts; Public and private."
Every since the Federal Reserve was made back in 1913 we now have bit by bit been inching our way from the gold standard, and in 1971 President Nixon declared that the United States would no more get US currency for gold or silver. That was the ending of the gold standard, and the starting point of SERIOUS inflation.
This inflation is the main reason you're going broke, and you probably in no way understood it!
You see, the gold price isn't going up. Fact is, gold is a historical economic constant. Therefore, you may notice the value of gold rising in comparison to the US dollar... Then, you need to shift your perspective. Gold isn't rising, the dollar is going down.
That is a sad reality if you see how much and how quick gold is growing today. Just in 2006 gold was around $600 per ounce, but today (2011) it's over $1,500 per troy ounce. In five years gold has gone up almost $1,000. Or you could say, the dollar dropped nearly $1,000 with regards to gold.
So, as your dollars sit in your wallet they degrade in worth daily. This inflation of the $ has robbed you of it's worth, and it keeps you short of money. The solution? Purchase gold coins in US! In reality, this is what the experts are promoting.
If the US dollar is dropping its worth, then, it only makes sense to liquidate your US dollars into gold. To do this you buy gold coins.
Gold coins will not lose intrinsic value. Sure, their face worth might only be $5 to $50, but their worth is so much more. Their worth could be the weight in gold.
As an illustration, let's say you purchased a single ounce gold coin. Today that coin might cost you $1,600, but in a couple of years you might be able to sell that coin for $2,000 or even more. In addition to this, let's point out that the US dollar will still be on the decline... You can trade your gold coins for a stronger currency.
The Euro is doing well? Exchange your gold coins for Euro dollars. The AUS dollar is doing good? Trade your gold coins for AUS dollars.
There are various varieties of gold coins: Canadian Maple Leaf, Krugerrand, Chinese Panda, American Buffalo, American Eagle, and many others.
You can buy gold coins in several different weight values, too: 1/10th troy ounce, 1/4th troy ounce, 1/2 troy ounce and 1 troy ounce. This allows everyone who wishes to secure their financial future to be able to spend money on gold up to what their budget might permit.
However don't wait too long. The longer you wait to buy gold coins the further your dollars deteriorate in price and worth... What does this imply? It will take more dollars to buy exactly the same weight of gold. So, buy gold coins now! Before your dollar can no longer pay for the coins...
Allow me to explain: If the gold standard was started, the cost of gold remained constant at $20.65 per troy oz. It changed only a single dime in between the years of 1833 and 1890.
The gold standard is built to strengthen our dollar. And for more than 55 years the US dollar was good as gold - virtually. Then, from 1891 to 1930 the US dollar still held powerful to the gold standard, the top being $21.32 and the low being $20.58. But over the years things have transformed.
At one time in our quick history where you could take a $5 bill and get it for it's worth in silver. This was because the US dollar was backed by true silver and real gold! Try using your $5 bill to the bank now and doing that... They'd laugh you out of there.
The US Constitution (Article 1 Section 10) explicitly declares that all currency Need to be minted in silver and gold: "No state shall give off bills of credit or make anything but gold and silver coin a method in payment of financial debt."
But if you take out your George Washington dollar you will notice visibly written on the bill: "This note is legal tender for all debts; Public and private."
Every since the Federal Reserve was made back in 1913 we now have bit by bit been inching our way from the gold standard, and in 1971 President Nixon declared that the United States would no more get US currency for gold or silver. That was the ending of the gold standard, and the starting point of SERIOUS inflation.
This inflation is the main reason you're going broke, and you probably in no way understood it!
You see, the gold price isn't going up. Fact is, gold is a historical economic constant. Therefore, you may notice the value of gold rising in comparison to the US dollar... Then, you need to shift your perspective. Gold isn't rising, the dollar is going down.
That is a sad reality if you see how much and how quick gold is growing today. Just in 2006 gold was around $600 per ounce, but today (2011) it's over $1,500 per troy ounce. In five years gold has gone up almost $1,000. Or you could say, the dollar dropped nearly $1,000 with regards to gold.
So, as your dollars sit in your wallet they degrade in worth daily. This inflation of the $ has robbed you of it's worth, and it keeps you short of money. The solution? Purchase gold coins in US! In reality, this is what the experts are promoting.
If the US dollar is dropping its worth, then, it only makes sense to liquidate your US dollars into gold. To do this you buy gold coins.
Gold coins will not lose intrinsic value. Sure, their face worth might only be $5 to $50, but their worth is so much more. Their worth could be the weight in gold.
As an illustration, let's say you purchased a single ounce gold coin. Today that coin might cost you $1,600, but in a couple of years you might be able to sell that coin for $2,000 or even more. In addition to this, let's point out that the US dollar will still be on the decline... You can trade your gold coins for a stronger currency.
The Euro is doing well? Exchange your gold coins for Euro dollars. The AUS dollar is doing good? Trade your gold coins for AUS dollars.
There are various varieties of gold coins: Canadian Maple Leaf, Krugerrand, Chinese Panda, American Buffalo, American Eagle, and many others.
You can buy gold coins in several different weight values, too: 1/10th troy ounce, 1/4th troy ounce, 1/2 troy ounce and 1 troy ounce. This allows everyone who wishes to secure their financial future to be able to spend money on gold up to what their budget might permit.
However don't wait too long. The longer you wait to buy gold coins the further your dollars deteriorate in price and worth... What does this imply? It will take more dollars to buy exactly the same weight of gold. So, buy gold coins now! Before your dollar can no longer pay for the coins...
About the Author:
Are you still thinking why is it worth to Buy Gold coins? Then visit http://www.coincollectorsinfo.com/ and read more information about coin collection.
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