FDR Ends Gold Standard in 1933 – Will Gold Standard Be Back?
With all the talk lately concerning the collapse of the US dollar and possibility the return of the Gold Standard we though this video would be fitting. The fear of the collapse of the US dollar is nothing new, but it is certainly has been more publicized lately. You can’t visit a news/financial website without seeing a story on the collapse. Even though we don’t know for sure if the dollar will collapse or not, we do believe it is always a good idea to keep about 15% of your assets in gold and silver.
Posted: March 28th, 2011
at 8:57pm by admin
Tagged with collapse, Gold, Silver, Standard, US. Dollar
Categories: Gold
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The Ultimate Treasure: Gold
All over the world since ancient civilizations, there is one currency that has been treasured throughout history: gold. It’s limited supply means that those who have it, carry the valuable unbreakable material that can be exchanged for money anywhere.
Gold is a sign of wealth and prosperity today. It is cherished in jewelry, coins, and solid gold blocks. It is said that gold is a good investment because the value stays the same and it is an understood currency around the world. In fact, many people around the world are starting to collect gold coins because they are becoming rarer and rarer. These gold coins can be sold for a higher price than the face value of the coin itself. Nowadays, you can even buy and sell coins as a business.
When turned into jewelry, gold can be worth even more because of the artistic value that was put into it. Not to mention that it is a beautiful addition to an evening outfit or a gift to a special person.
Gold is also a great fallback in case of any financial crisis. It can be easily exchanged at any pawnshop or sold for a decent amount.
This collector’s item goes back way into the history books. El Dorado in South America was known as the “City of Gold” to Spanish conquistadors. Other civilizations like the Egyptians wore gold for beauty back in the day. The Gold Rush was the later American counterpart that drove people in search for it.
Ultimately, gold stands the test of time in value, influence, and culture. It is a symbol of wealth but also makes for a good investment in this day and age.
