Numismatic Coins – Build Wealth with Gold and Silver

Written by Kenny on December 16, 2009 - 0 Comments
Numismatic Coins

Numismatic Coins – Build Wealth with Gold and Silver Coins

What is the purpose of money? Money functions, by definition, as: (1)- a unit of account; (2)- a medium of exchange and (3) – a store of value.

But how can you make sure that your money will store value, over time? Times of crisis will arise and leave their mark upon economies of numerous countries – and upon individual people’s finances as well. And by times of crisis we mean anything from investment market decline, national debts and/or currency failures to war and social turmoil.

Many people think of protecting their wealth by investing their money the stock market, which they believe will also make them rich in a very short period of time. The cruel reality is that most people who are attracted by the Wall Street-generated illusion of wealth will fail in this attempt of getting rich – and staying rich. The baseline is that if you want to create wealth, you have to think and act like wealthy people do – and wealthy people only use their “play money’ in the market, not the money for wealth preservation.

All successful people who wanted to build wealth used diversification – meaning they invested in more than one direction. And if they wanted to preserve wealth, they invested in assets. Taking into account that the stock market is unsafe and that interest rates are low, who would see money investments and money-saving as a way to build and preserve wealth? Wealth preservation by means of real property investment has also been jeopardized, due to the credit-fueled real-estate boom, which lead to real estate being overvalued in the past few years.

What about gold and silver investment? Successful investors have chosen to buy gold and silver for two reasons: (1) – that the gold and silver prices have increased in the past decade, giving them the certainty that they will constantly increase wealth; (2) – that gold and silver are a solid asset that helps protect wealth against currency-based and all sorts of economic crises.

They are perfectly right, as the gold price has seen an average gain of 26% per year between 2002 and 2007 (meaning a total increase of 130% during that period), while the silver price in the U.S. has increased by an average of 36% yearly during the same period (183% total increase). As for the second reason, the fact that in times of crisis, particularly when war is feared, the demand for gold has always been greater stands proof of people’s trust in gold and silver as means of preserving value.

By comparison, is the value of cash being preserved? Over the same period, 2002-2007, according to Global Financial Data, US dollars held in 3-month Treasury Bills yielded less than 3% per year. Taking into account that the inflation rate for the same period reached an average greater than 3%, any one of us can conclude that the accumulated cash had less buying power at the end of the period than it did five years earlier.

Some analysts predict that gold will double its value, based on the fact that central banks are diverting their reserves away from U.S. dollars. Although they generally do not announce gold purchases in advance, some, such as Russia and China, expressed interest in growing their gold reserves in late 2005 and early 2006. Banks such as the Bank of England and Swiss National Bank have been key sellers of gold between 2000 and 2005.

World Gold Council data show that, of the about 2,500 tons total yearly production, approximately 500 tons goes to gold funds and retail investors. This only goes to show that the gold market is as active, solid and flourishing as ever.

Silver and gold have been regarded as a form of money and store of value for over four thousand years. Nowadays, apart from coins, you can choose from a number of equally safe methods of investing in gold and silver: bars – physical silver or gold, that can be stored either in your home safe or in a safe deposit box at a bank (in countries like Switzerland or Liechtenstein you can buy and sell bullion bars over the counter at major banks); silver coins and gold coins; exchange-traded funds, that offer investors certificates of ownership, eliminating the inconvenience of storing physical silver bars or gold bars; silver or gold accounts, where precious metals can be bought and sold like any foreign currency.

To conclude, the power to build and protect your wealth is yours, through a “universal currency” that has gained and proved its value over the centuries. If you want to preserve your wealth at the same time while you build wealth then you truly want to take action and get started with some silver and gold coins to start your journey and these are able to be purchased at a reasonable level to suit any budget. Now the great thing about this market is it grows rapidly and because you’re talking about money you’ll be able to build wealth all the while preserving your wealth through the collection of gold and silver coins. This type of marketing as well as product is a complete process and the only element missing would be learning how to market yourself (which is essential to being successful in MLM).

“If you want to build wealth you need to have a solid network marketing foundation and then in the process preserve wealth?”

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