Monday, November 27, 2017

Gold Jewelry’s Real Advantage: Wearable, Transportable Wealth

I vividly remember the first gold coin I ever bought.

A one-ounce American gold Eagle. When I first opened the package, I was instantly struck by its beauty, shine, and refinement. And I loved the weight of it in my hand. I must’ve looked at it a hundred times over the next several days.

What I did next, though, is telling: I stuck it in a safe. And there it sat, in the dark and out of sight.

It was, well, anticlimactic. I loved the coin, but I couldn’t do much with it… couldn’t show it off, couldn’t “play” with it, couldn’t even really keep it out to look at without inviting someone to take it.

But an investment doesn’t have to be that dormant. And that’s one reason I like investment-grade gold jewelry so much—it’s wealth you can wear. You canenjoy it. You don’t have to stick it in a safe or hide it.

There are a number of advantages to gold jewelry, starting with its long history of wearable wealth.

One of the First Forms of Money

We’ve all heard that gold has served as money for thousands of years. But what is less known are the forms that gold took. It wasn’t always in coins.

Before the first gold coins were struck, there was another form of money: pure gold jewelry. It was used as currency, and also as a form of barter, long before coins and bars became widespread.

In fact, the tradition is so tied to our idea of money that modern currencies like the Thai Baht are named for the jewelry that preceded it. In that case, one could even break off detachable gold links to pay for goods and services.

Even in India today, jewelry is the primary form of gold within the country. It’s their preferred form of investment gold. They buypure gold necklaces and pure gold bracelets instead of coins and bars. For every ounce of gold in coin or bar form bought in India, roughly another three ounces are bought in jewelry form.

Throughout much of history, individual wealth has been denominated in jewelry form.

Further, storing gold at home—even if you had a coin or bar—was not nearly as secure as it can be today. You couldn't leave your wealth in your hut—it just wasn’t safe. As a result, most people wore their wealth for security reasons.

Thus, gold jewelry quickly evolved into one’s “wallet.” People wore jewelry as a way of carrying their wealth. Consumers kept their money draped around their neck or wrist.

There’s another reason I like investment quality gold jewelry…

Sir, What Is This In Your Carry-On Bag?

True story… I once had a tube of silver bullion coins in my carry-on bag when passing through security at an airport. I forgot they were in the bottom of my bag, but being metal they were easily picked up by the scanner. What happened next was a wake-up call for me…

A border agent approached me and asked what was in my bag. Remembering it was there I pulled it out to show them. “It’s just a bunch of silver coins,” I said innocently. I wasn’t trying to sneak anything in, and it certainly didn’t come close to an amount that needed declared.

The border agent nodded, but apparently had to report the contents to a supervisor, who was not standing near her. She abruptly yelled out, in a booming voice, “IT’S JUST A TUBE OF SILVER COINS! THIS GUY HAS A BUNCH OF SILVER COINS ON HIM!”

Her pronouncement was so loud and startling that everyone in the area stopped what they were doing and looked up to see what the commotion was, especially since it was in an airport security area. I glanced around and saw other passengers staring at me—literally dozens of people around me now knew I was carrying silver!

While she let me pass through, her careless act put me unnecessarily at risk. I was watching my back the rest of the trip home, all because of the careless yet legal behavior of a border agent.

You might think this won’t happen to you, but it’s less about this specific act and more about the risk everyone takes attempting to cross a border with gold or silver. What other kinds of reactions could we get? What if the border agent decides to pull you aside? What if they’re not up to snuff on the law and decide to confiscate your metal out of an abundance of caution?

Until recently, US law was vague about what had to be reported when it came to gold at a border crossing. Not any longer…

- Source, Jeff Clark of Mike Maloney's Gold Silver

Friday, November 24, 2017

Bitcoin is History in the Making

Bitcoin is monetary history in the making. But as Mike Maloney points out in this latest video, many of the investors in cryptocurrencies are new to the arena. Unfortunately, most have no idea how important monetary history is. The technologies may change, but the human emotions that power the markets - greed and fear - do not.

- Source, Mike Maloney

Tuesday, November 21, 2017

The Next Economic Crisis Will Never Resemble The Previous Ones

In this recent interview Mike Maloney of Gold Silver discusses the upcoming economic crash that is coming our way. It is unavoidable at this point and it is going to be nothing like the crashes we have seen in our past. Get ready.

- Video Source

Friday, November 17, 2017

Bail ln VS Bail Out, What's The Difference?

The Central Banking elites have a stranglehold on our economies and are robbing all of us blind. IF you are not preparing and protecting yourself, then you are going to be eventually wiped out. 

Mike Maloney explains one of the ways they are doing this and what the difference between a "bail in" and a "bail out" is.

- Video Source

Tuesday, November 14, 2017

Mike Maloney: What I Love About Bitcoin

Mike Maloney loves that the market is creating its own competing currencies. The free market is in play and the US Dollar is being challenged. Gold, silver and bitcoin will all play a valuable role in the future to come.

- Video Source

Wednesday, November 8, 2017

$50,000 Bitcoin In The Next Couple Of Months?

In his latest video, Mike Maloney ponders the questions 'Could Bitcoin hit $50,000 in the next couple of months?' and also, 'Is Bitcoin in a bubble and could it crash?' You may be surprised to hear how Mike answered these questions and the action he has taken accordingly.

- Source, Gold Silver

Monday, November 6, 2017

Highway To Government Hell

Mike is stuck in traffic in New York. A trip that should take 10 minutes is taking a half hour. So, he filmed this video on the incompetence of government-run roadways and how much time and tax dollars they waste.

- Source, Mike Maloney

Wednesday, November 1, 2017

Mike Maloney: World War E Is Here

As cyberattacks increase, Mike is worried about keeping cash in the bank. If the U.S government, Equifax, and power plants can get hacked, our banks are probably next. So what money can't be hacked? Mike discusses in this new video.

- Source, Gold Silver