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Blogging The Money Way

Gold, Your Key To Security!

Posted by User ImageSire on Jan-17-2007 under Special Ops

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Gold is indeed a fabulous metal, not only for it’s beauty and many uses but because it holds many of the world economy together. Alan Greenspan had this to say about gold.

Although the gold standard could hardly be portrayed as having produced a period of price tranquillity, it was the case that the price level in 1929 was not much different, on net, from what it had been in 1800. But, in the two decades following the abandonment of the gold standard in 1933, the consumer price index in the United States nearly doubled. And, in the four decades after that, prices quintupled. Monetary policy, unleashed from the constraint of domestic gold convertibility, has allowed a persistent over issuance of money. As recently as a decade ago, central bankers, having witnessed more than a half-century of chronic inflation, appeared to confirm that a fiat currency was inherently subject to excess. 

Now one wonders if it is all that important for a countries stability why more people do not invest in gold for their personal use. Lets face it if you have money in the bank you are more likely to withdraw it and spend it. It also probably won’t increase in value all that much. Gold on the other hand you are more likely to let accumulate and so it will be there when you need it and it will be worth a lot more to boot.

Many of you will say that it’s all to hard. I would have agreed with you until I came across gold bars as traded by monex.com. Monex offers convenient ways for buying gold bullion, including Gold Bullion which is available in .995 fine bullion bars (10 ounce units), the standard industry form. Each bar is hallmarked to certify weight and purity. Delivery of gold bullion can also be taken in the form of 32.15 ounce “kilobars.”

You can even buy it in the form of gold or silver coins. You can buy as much or as little as you want it all depends on your personal situation. You have complete control of what you do. Think about it! Can you get as much for your dollar today as you did 10 years ago?

 

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