Gold and silver have been used as tradable currency for centuries, and with good reason, they are rare, valuable, shiny and soft enough to be formed into many different shapes and sizes.
All these traits have combined to make gold and silver among the most enduring investment vehicles in the world.
Most experts now say that gold and silver have been used as currency for as many 2,000 to 3,000 years and many experts believe their use as currency stretches even farther back.
And when not used as currency both precious metals have also been used as jewelry and general symbols of luxury.
Recognizing the value of gold and silver, many countries have based their currency and valuations on their worth over the years.
For example, from 1785 to 1861 the United States followed the Gold Standard.
Instead of using paper money, as is done today, coins made of pure gold and silver were traded instead.
This system was brought to a premature end by the financial crisis of 1857. Then in 1933, President Franklin Roosevelt enacted Executive Order 6102, which said that citizens were not to own their own stock piles of monetary gold.
The Gold Reserve Act of 1934, which was announced a year later in 1934, marked the official end of the Gold Standard in the US. Following this act, currency could not be traded for gold beyond normal trade (private buying and selling).
For example, most people understand that 24k gold is considered as “good as it gets” when it comes to purity.
Silver, however, is different. Many people consider sterling silver to be pure, but the truth is sterling silver is only 92.5% silver and 7.5% copper.
When it comes to buying and investing in gold and silver you will always want to deal with the purest forms. For example, almost all bars of investment grade silver and gold are at least 99.9% pure.
In fact, few investment vehicles have withstood the test of time like gold, silver and other precious metals.
For example, the value of gold has remained very steady over time. Gold 100 years ago would have bought the same amount of goods as gold today. Experts see no reason why this will ever change in the future. This fact makes gold a safe haven against inflation and financial crises!
Here are some additional interesting facts about gold and silver:
Additional benefits of investing in gold and silver include:
For more information about investing in gold and silver, please call 213-465-4835.
RC Bullion, LLC, 1500 Rosecrans Ave. Suite 500, Manhattan Beach, CA 90266
Risk Disclosures: Purchasing Precious Metals For Physical Delivery in bullion, bars, coins, proof coins, numismatic coins involve a degree of risk that should be carefully evaluated prior to investing any funds. RC Bullion LLC and its agents are not registered or licensed by any government agencies and are not financial advisors or tax advisors. Past performance is not an indicative of future results. Investors should do their due diligence before committing any money to purchase gold and other precious metals. If you have additional questions, please contact RC Bullion.