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Frozen in time, she gazed upon an unknown horizon. Her mouth rests slightly agape, as though she is about to utter something important-perhaps a warning, perhaps a prophecy of what is to come. Adorning her head is a grand, Native American Headdress with her name inscribed across its base. To symbolize her humble beginnings, thirteen stars dance abover her head. She stands for freedom along with her neighbor, the majestic bald eagle and he, too, faces a horizon-bold and ready for whatever lies ahead.
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With the crash of 1929, several things happened. Lots of people ost lots of money-life saving, in fact, that they had blindly thrown into the stock market. Lives were changed forever, and the world camp crashing down around bewildered stock investors. Balks lost lots of money causing the American people to lost fath in banks altogether.
There was once a time when gold coins were used much the same way we use dollar bills and debit cards today. Passed from hand to hand, tossed into poker pots, plunked down for weekly groceries or plots of land, gold and silver coins were common mediums of exchange.
There have long been speculations about China and her plan to "take over the world". Many have their theories about what goes on behind closed doors, but one set of theories may convince you (if you aren't convinced already) to take the plunge into the world of precious metals investing.
It is no secret that today's young adults are living in a world far different from that of their predecessors. While their grandparents relied on Social Security as future means of financial stability, young adults today know no such guarantee. Instead, these twenty-somethings and even thirty-somethings, with degrees mind you, struggle just to find jobs. Many are still living under their parents' roofs, heavily dependent on them for support in every facet. So what is a millennial to do?
Silver has been a valuable commodity for 5,000 years since the very first silver mining endeavor in Anatolia (present day Turkey) in 3000 B.C. The majority of silver production shifted continents until Bolivia, Peru, and Mexico earned that top spot between the 16th and 19th centuries with the discovery of the New World. In the late 1850s, silver mining was born in the United States with the discovery of the Comstock Lode in Nevada, and more discoveries all over the world followed in the years to come.
The discovery of gold at Sutter’s Mill on January 24, 1848 led to the famous California Gold Rush (1849-1855) and turned San Francisco from a sleepy town of 459 people to a town of over 20,000 is a couple of months. To absorb the massive amount of raw gold coming out of the gold fields and to convert that gold into official U.S. coinage, the U.S. Congress established the San Francisco Mint. The presence of a mint on the west coast eliminated the cost of shipping raw gold to the Philadelphia Mint and provided much needed hard currency in the west.
How much would you pay for the pictured “$5 gold coin” today? The coin weighs 5 grams. The current price for gold is $1456.00 per ounce. One ounce contains 28.35 grams. Five grams of gold would equal $257.00. Would you jump at a chance to buy one of these coins for $100.00?
How are gold coins made? Who made the first gold coins? What is a karat?
Gold coins don’t magically appear out of nowhere. It takes time, energy, and precision to produce a coin made out of the world’s most admired precious metal.
In 1929, the United States rested under the promise of a bright future. Stock market numbers were high, and the economy seemed to be thriving. Herbert Hoover was elected President of the United States that year, and on inauguration day, he stated, “I have no fears for the future of our country. It is bright with hope.” This optimistic mood covered the nation and quite possibly had a hand in influencing the stock market’s rapidly soaring prices. All over the United States, people began plunking down money for stocks, expecting to receive a hefty return. Many who would not normally invest invested, and many tasted the sweetness of sudden wealth.
So you want to invest in gold, but you don’t want the IRS breathing down your neck.
Well, fear not. Following are the basic laws regarding gold investment and your guidelines for avoiding trouble with Uncle Sam.
THE COUNTRIES OF THE WORLD MOVE TO REPATRIATE PHYSICAL GOLD!
All over the world Nations have decided it comes to this, Gold will be the only surviving currency! For thousands of years history has taught us that Empires and Civilizations rise and fall, but Gold remains. So many words have been written about the necessity of Gold, but never in this century have we seen a series of events set into motion that have screamed to this magnitude that you must own Gold!
