This Gold Is Going Worldwide
Gold. Gold has been a symbol of riches. Gold has been used for coins
, jewelry, and art. Before the world entered into using a fractional money supply, gold had been the standard of currencies. Gold coins were used as currency long before paper money came along.
What is paper money? It is fractional reserve money. What is that? Fractional reserve money basically means that the money supply is printed and expanded when merely a part of the worth in gold is to be had. In actuality, if a national did come again? governments execute, it would be called counterfeiting. When you roll the presses and there is nothing to back the money but frail air, with the aim of is a form of fake worth.
The time has come to repay the piper for the manipulation of fractional reserve money. Originally, the concept was that there was to be one buck in gold worth to back every single buck in paper worth, and the paper was easier to move. But the temptation to merely print dollars was so immense, that when governments needed money, print money is what they did and subsequently there was no more than a part of the worth in gold to back the now larger numbers of dollars.
The moment in history has come for that excursion into the money bubble to cease. And it is finishing, not solely for the United States, but for the nations around the planet, since the national currencies and national debts are intertwined, and what affects one, affects all. It is the point in time meant for the currencies of the globe to revert to their real worth, which since there is such an overabundant supply of paper currency, the genuine worth of the dollar will ultimately be zilch.
Since the currencies of the planet are devaluing, people are starting again to look to gold as a place to accumulate their wealth. Generally, as the dollar declines in worth, the worth of gold increases. It is believed that gold may perhaps go as high as $6000 an ounce in the next ten years. So again, people are going to begin to desire to know, what is the current price of gold per gram?
Along with the decline of the worth of the dollar, there is furthermore the decline and instability of conventional investments. Again, people are starting to look to gold as a safer way to accumulate wealth. The drawback is, as soon as gold is sold by the ounce, the cost of an ounce is out of reach of many individuals. Many persons, in this time of foreclosures and job layoffs, declining 401Ks and failing and falling stocks, do not hold the assets to purchase ounces of gold at a time.
There is a solution. Buy gold by the gram. A gram is roughly 1/31 of an ounce.
There is a company that has specialized in single gram gold bars, and furthermore plans on coming out with gram gold bars and maybe furthermore gram gold bars, and talk of 1/10 gram bars has also entered the picture. This way of selling gold makes gold available to the majority of persons.
This company offers a gold-backed savings arrangement. People can monthly put away a certain amount of gold. With the value of gold going up, it is likely that their gold will be worth more the next month, instead of than being consumed and ending up worth nothing like a consumable monthly acquisition, for instance, such as food or clothing, or energy.
Yes, the current cost of a gram of gold is going to be a more frequent question in the United States opening in August. The lone gold backed savings strategy in the planet is coming to the United States and to other nations as well as directed by the company.
This company that deals with grams of gold as opposed to ounces of gold is making this gold acquisition and savings arrangement accessible to the masses.
Gold is sold and traded by the troy ounce, which is 1/12 of a pound. The troy ounce is used on behalf of precious metals and gemstones.
To discover the current cost of a gram of gold, you have to convert from the cost for each troy ounce. During the conversion, you furthermore have to consider what grade the gold is. 24K is the highest grade, considered pure gold. One ounce equals 31.10 grams. So you divide the current cost for each ounce, by 31.10.
The next adjustment is for the quality of the gold. 24K does not need to be adjusted, as the cost for each ounce is based on 24K. 18K is considered to be 75% gold, so you would multiply the figure after division by .75. 14K is considered to be 58.5% gold, so you multiply the figure after division by .585. 10K is considered to be 41.7% gold, so you multiply the number following to division by .417.
This company deals in 24K gold and is embedding 1 gram gold bars on credit card size certificates of authenticity that can be taken to and verified by any jeweler.
This is very valuable. Not solely is it an reasonably priced way to accumulate wealth, but furthermore, if currencies completely devalue, as they have in various nations in the past, where it takes a wheelbarrow of paper money to acquire a loaf of bread, persons can take these credit card size certificates of 1 gram bars, and in the future, and probably gram bars, and continue to do commerce in spite of the failing governmental currencies around them.
This company furthermore offers a money making opportunity connected with the gold. It is able to do this for the reason that the company owns the gold from the mine, to the processing plant, to the distribution; it has cut out all middlemen, so it can offer commissions to folks who share the information in relation to gold with others and bring customers to the table.
This company in addition keeps the gold safe free of charge in a Swiss vault, or there are details on the subject of how to take possession of the gold.
Since the currencies of the planet are devaluing, and jobs are becoming scarcer, this is a exceptional company to look at both as a source of gold-backed savings, and supplementary income. This is a brilliant concept to preserve ones wealth in gold.
by: Cheryl Jones
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