Will gold & silver surpass the United States dollar and exist as the US medium of exchange yet again? The US constitution stipulates that precious metals are indeed cash, yet ever since President Richard Nixon terminated the gold standard, they have not been. Therefore, the United States dollar still falls in value, unlike precious metals. Frequently people, when looking at the price of gold and silver, see that it is soaring. But, that is not the whole picture. If you notice that precious metals prices have been soaring, what that really corresponds to is that the value of the American dollar has descended. That’s the real silver news!
Our leaders knew this fact. Only recently, the state of Utah deemed it permissible to use gold & silver bullion as currency. Business conducted in this form of currency are not taxable. As a result, businesses have instituted an electronic card just like a credit card in order to expedite these purchases, resulting in precious metals being a workable alternative to US dollars. At the moment, Indiana and eleven more states are considering the same thing as well. Some of these elected leaders know that there is a possibility of a tragedy that might end with a collapse of the Federal Reserve. To be certain, they were not the first people to recognize this.
Top 10 Reasons Why the US Dollar Won’t Be the World‘s Reserve Currency
1 – The Fed has used quantitative easing that has started a currency war for the rest of the world. The world won’t put up with this.
2 – The UN sees a post-US dominant world and as a result is now mentioning the need for a brand-new world reserve currency.
3 – The International Monetary Fund has also mentioned the need for a new global currency, they called the Bancor.
4 – China and Japan for the first time, will conduct business using their own currencies, when before, they would convert into the US dollar first.
5 – China is now the largest trading partner in Africa and is pushing only in its currency over there as opposed to US dollars.
6 – China and Russia have already started trading only in their own respective currencies just this past year.
7 – Brazil, Russia, India, China, and South Africa (the BRICS) have prepared to do the same. They will only trade in their own respective currencies from here on out. Actually, the World Bank’s outgoing President, Mr. Robert Zoellick, is calling for a bank for the BRICS countries.
8 – Iran & India now exchange with gold for transactions in oil.
9 – The UAE and China now use their own respective currencies for oil deals. The petrodollar system is in trouble.
10 – China has passed the US as the importer of choice for oil from Saudi Arabia. This could mean the end of the petrodollar system.
We have usually had quite cheaper oil compared to the rest of the world. This is specifically because of the petrodollar system. If the petrodollar system is terminated, it would affect the US consumer. If the USD is no longer the reserve currency of the world, it will affect our economy severely. Both of these events are occurring in the near future. Local businesses and state governments are getting ready for this likelihood. How about you?
Have you recognized all of the billboards, signs, and commercials all over the place recently that are marketing to purchase your gold & silver from you? “You can have lots of money for your broken gold and silver earrings!” Since when did jewelry stores start purchasing goods that they sell from their customers? Trust me if I tell you they didn’t buy them in order to keep their staff working. Lately, gold & silver values have reached all time peaks, so why were they buying? Isn’t that a poor business decision? Perhaps, they know of some things that some of us don’t know about. They aren’t making poor business choices; instead they were acting on some basic fundamentals that will be an advantage for them in the future. They had knowledge of some important gold and silver news!
I am definitely not an investor who has buckets of money. I only knew about the prices of metals by delivering left over scrap metal from a building site. Prior to the crash of the stock market a few years ago, I pulled my retirement money out of mutual funds and purchased gold and silver. For a bad economy, I felt that it was a good choice to have my investments accessible. So, I wasn’t building an annuity that would handicap me for pulling out before I could, and I didn’t want to have my money in real estate. This turned out to be a very wise decision. Today, I just get more whenever the price drops, and see my net worth go up.
Top 5 Reasons to Accumulate Gold
1 – If you were to divide up all gold available for investment world-wide and distribute it evenly, there would be just enough for everyone to have one third of an ounce.
2 – Gold is directly proportionate to the amount of currency that has been printed, so as more and more is produced by central banks, then guess what? Gold would have to sky-rocket in order to account for this in the ballpark of $15,000 an ounce.
3 – Gold is a safety net during economic turbulence and will increase it’s price.
4 – Just like silver, investing in gold bullion is discreet, sovereign, and portable.
5 – Gold has always been thought of as money through the course of history and, unlike fiat-currencies, has never folded, collapsed, or given up its monetary status.
Top 5 Reasons to Buy Silver
1 – We are on the verge of having a silver shortage because inventories haven’t ever been this low.
2 – The amount of silver that is available to be used for investment in the world is actually less than that of gold.
3 – So, if you divvied up all silver and allotted it equally globally, every person would receive 1/14th an ounce.
4 – Silver has thousands of uses. Actually, of all the commodities, just oil can claim to have more uses than silver.
5 – No metal is more reflective, can conduct as much electricity, or has more thermal resistance which makes it so uniquely irreplaceable to many products.
Knowledge is power, they say. Yet, it has no power unless someone takes action. Knowing this, those that purchased gold & silver took that action and smiled all the way to the refineries. They know of something that some of the uninformed populace does not. The world’s economic volatility that is now hitting a large portion of Europe (and Greece is just the start of this) ends up with the Federal Reserve having to print out money. Most people believe that inflation is a rise in prices, however that’s only a symptom of it. Inflation is defined as an increase in the supply of money. So each and every time you hear someone talk about billions or trillions of dollars in bail-out money or QE, you know what comes afterwards. Guess what happens to the prices of gold and silver? Well it’s safe to say that I will be looking forward to it.
Silver News Report! Coming Soon!