Why Invest In Gold Or Silver?
"GOLD and SILVER are MONEY. Everything else is credit." — J. P. Morgan
"GOLD and SILVER are MONEY. Everything else is credit." — J. P. Morgan
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When you click on these links and make a purchase, I may receive a commission at no additional cost to you.
I only promote companies that I have personally used or researched and believe will add value to our readers.
Disclosure:
The content I provide here isn’t financial advice and cannot be taken as such. Please speak to your financial advisor before making any investment decision.
Also, note that every investment comes with its own risks and drawbacks. Lastly, I would like to remind you that past results cannot guarantee future returns.
The content I provide here isn’t financial advice and cannot be taken as such. Please speak to your financial advisor before making any investment decision.
Also, note that every investment comes with its own risks and drawbacks. Lastly, I would like to remind you that past results cannot guarantee future returns.
What Is Fiat Money?
Fiat money is a type of currency that is not backed by a precious metal, such as gold or silver, or backed by any other tangible asset or commodity. Fiat currency is typically designated by the issuing government to be legal tender, and is authorized by government regulation.
Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account – or, in the case of currency, a medium of exchange – agree on its value.[1]
Fiat money generally does not have intrinsic value and does not have use value. It has value only because the individuals who use it as a unit of account – or, in the case of currency, a medium of exchange – agree on its value.[1]
FIAT MONEY WEAKNESSES
INFLATION
One of the most well-known disadvantages of fiat money is the potential for inflation. Because fiat currency isn’t linked to any valuable commodity, it can be produced in unlimited quantities, especially if a government is facing budget deficits or high levels of debt. This can lead to a vicious cycle of debt and inflation, potentially leading to economic bubbles.
TRUST iN THE GOVERNMENT
Fiat money gets its value from the trust and confidence placed in the issuing government. So, the value of the currency depends on the economic conditions of the issuing country and the stability of its government and institutions.
MANIPULATION
Since there is no limit to the amount of fiat money in circulation, it is subject to constant manipulation by the central bank and the government. This can lead to inflation, interest rate manipulation and other issues.
One of the most well-known disadvantages of fiat money is the potential for inflation. Because fiat currency isn’t linked to any valuable commodity, it can be produced in unlimited quantities, especially if a government is facing budget deficits or high levels of debt. This can lead to a vicious cycle of debt and inflation, potentially leading to economic bubbles.
TRUST iN THE GOVERNMENT
Fiat money gets its value from the trust and confidence placed in the issuing government. So, the value of the currency depends on the economic conditions of the issuing country and the stability of its government and institutions.
MANIPULATION
Since there is no limit to the amount of fiat money in circulation, it is subject to constant manipulation by the central bank and the government. This can lead to inflation, interest rate manipulation and other issues.
Gold or Silver As A Hedge?
Inflation can cut into a portfolio just as much as any other form of risk. The declining value of the dollar can put pressure on stocks, as well as savings accounts and bond holdings.
Gold, Silver and other precious metals can be a safe way of avoiding these pitfalls and keeping a wise investor immune from the forces of hyperinflation and inflation.
Gold, Silver and other precious metals can be a safe way of avoiding these pitfalls and keeping a wise investor immune from the forces of hyperinflation and inflation.
Unlike Fiat Currency, Gold & Silver have INTRINSIC VALUE and will ALWAYS have value.
(It IS NOT recommended that ALL your portfolio be gold. It is normally recommend to invest between 5%-10% of a portfolio in gold.)
Gold IRA
The traditional security of gold meets the modern features of an IRA, making it easy for investors to reduce the effects of inflation on their retirement savings. Coins and bars approved by the Internal Revenue Service can be taken home based on federal rules for withdrawal.
Silver IRA
A silver IRA functions the same as a regular IRA, only instead of holding paper assets, it holds physical bullion coins or bars. Just like Gold IRAs, coins and bars approved by the IRS can be taken home for withdrawal.
So Who Should I Trust??
Nobel Gold Investments has more than 20 years of dealing with bullion, coins, ingots, and other precious metals
They are sought out and consulted by financial agents, estate planning attorneys, and certified public accountants to advise them on all aspects of precious metals, having secured more than $200 million in precious metal assets.
With Noble Gold Investments you will be treated like an elite investor. Upon enrolling with Noble Gold, you will know who our CEO is and who you will be handing your money too.
Noble Gold sells gold & silver and also provides great service to their customers.