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Gold And Silver Have Passed The Test Of Time

May 3, 2009 by Admin  
Filed under Gold Articles

Nothing has captivated as much as the allure and beauty of gold and silver. These precious metals represented true wealth when Alexander the Great conquered and united the lands, when Christopher Columbus explored the New World, and when our Founding Fathers forged the United States Constitution.

These metals embody real wealth today and will continue to do so thousands of years from now. Throughout time, people have appreciated the value and beauty of gold and silver. Real assets. Real wealth. Real money.

For more than two thousand years, individuals have owned gold and silver coins for a variety of reasons, including a storehouse of wealth… a proven method of passing savings to the next generation….a shield against tyranny… and as a beautiful memorial of past civilization and accomplishments.

Our Founding Fathers understood both the inflationary and deflationary dangers of paper money and believed a solid financial footing to be crucial to the success of our young nation. They believed in precious metals so strongly that they declared in the Constitution that only gold and silver would be lawful money. Even when paper money eventually took hold (the original issuing of Continental Currency was a disaster), our dollar was still defined as a specific amount of gold or silver. Gold coins circulated as everyday money side with paper currency until 1933; 90% silver coins were produced until 1965.

Today, after have long ago abandoned the gold standard, the effects of inflation are everywhere. Twenty dollars in the 1920′s – either in the form of a $20 gold coins or a $20 dollar bill- bought a fine man’s suit.  Since then, trillions of paper dollar bills have been printed by the government and added to our nation’s money supply. That is why a $20 gold coin still buys a fine tailored men’s suit, but a $20 bill wont even pay for the alterations.

In our lifetime and those of our parents and grandparents, gold silver have have held their value while other forms of money have lost most of their purchasing power. Rare and historic coins have often outperformed even common gold and silver bullion’s during rising cycles. Although all investments fluctuate, our clients take great comfort knowing that gold and silver have always had value.