subject: Gold Info Good To Know [print this page] Gold. Gold has been a symbol of riches. Gold has been used for coins, jewelry, and art. Before the earth 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 no more than a part of the worth in gold is to be had. In truth, if a national did come again? governments look after, it would be called counterfeiting. When you roll the presses and there is nothing to back the money but weak air, to facilitate is a form of fake worth.
The moment in time has come to repay the piper for the manipulation of fractional reserve money. Originally, the idea was that there was to be one buck in gold worth to back every individual buck in paper worth, and the paper was easier to carry. But the temptation to simply 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 draw to a close. 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 representing the currencies of the planet to revert to their accurate worth, which since there is such an overabundant supply of paper currency, the real worth of the dollar will ultimately be zip.
Since the currencies of the planet are devaluing, individuals are starting again to look to gold as a place to accumulate their wealth. Generally, as the dollar declines in worth, the price 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 mainstream investments. Again, individuals are starting to look to gold as a safer way to accumulate wealth. The snag is, as soon as gold is sold by the ounce, the cost of an ounce is out of reach of many citizens. Many folks, in this time of foreclosures and job layoffs, declining 401Ks and failing and falling stocks, do not possess 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 perhaps additionally gram gold bars, and talk of 1/10 gram bars has also entered the picture. This way of selling gold makes gold reachable to the majority of people.
This company offers a gold-backed savings strategy. 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 starting 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 strategy 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 merely is it an reasonable 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 pay for a loaf of bread, people 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 since 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 persons who share the information in relation to gold with others and bring customers to the table.
This company moreover keeps the gold safe free of charge in a Swiss vault, or there are details regarding how to take possession of the gold.
Since the currencies of the planet are devaluing, and jobs are becoming scarcer, this is a outstanding company to look at both as a source of gold-backed savings, and additional income. This is a brilliant brainchild to preserve ones wealth in gold.
