//
Pacific Coins Home Page


Search Engine Submission – AddMe

Reasons to Buy Gold and Silver…

The economic collapse of late 2008 has gotten many people looking to buy gold again. In some parts of the world, physical coins and bars are almost impossible for the individual investor to find due to a worldwide surge in demand against a decrease in mining production. The U.S. Mint itself even ceased production of silver American Eagles from September to January due overwhelming demand.

Despite the current lack of availability in some countries, gold and silver are fortunately more available to Americans. And many of us are starting to take advantage of this. But, what most people coming into the precious metals market do not realize is that this ‘honest’ money business has just as many crooks and scams as there are liars and thieves on Wall Street.

What seems to be a little known truth among gold investors is that gold and silver are the only real money in this world. It’s been that way for six thousand years and wasn’t until August 15, 1971 when Nixon took the United States dollar off the gold standard that the world’s dominant (or reserve) currency was not either gold itself or backed by it.

Only thirty-eight years have passed and the dollar has deteriorated along with the economy around it to the point of corporatist fascism, led by firms such as Goldman Sachs (Obama’s largest campaign contributor), to become our new government. These government criminals and the talking heads on CNBC and other programs want you to believe gold is useless; a barbaric relic held only for sentimental value by patriots and libertarians who feel it is their last connection to a freer world now lost.

The truth is that the value of gold and its rate of return each year -compared to the stock market, the value of the dollar itself and other media-driven investments- is a mirror opposite. The Dow Jones has lost all of its gains made over the same seven years, for a negative rate of return on investment. Gold has climbed from $250 to just over $1,000 per troy ounce in less than seven years. That’s a 400% rate of return. And there are no signs it will stop. But still only 5% of Americans own any physical gold whatsoever. This shows you the power of the mainstream media and the modern ignorance of the American public.

It is this ignorance that even the forerunners of the “honest” money community prey upon. This website intends to help prevent that from happening to you as well as being a strong product and informational resource for gold and silver investors.

Discussion

No comments yet.

Leave a comment

RSS Silverseek News

  • An error has occurred; the feed is probably down. Try again later.

Gold & Silver Coin Photos

Archives