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How to Buy Physical Gold, Silver & Platinum Bullion> How to Buy Gold, Silver and Platinum Coins and Bars... > Buy Gold, Silver & Platinum with GoldMoney... > Buy Gold & Silver with BullionVault... Gold, SIlver & Platinum - Do Not Underestimate their ImportanceGold and silver have been used as money for thousands of years and their influence is not lost today. The words gold and silver are synonymous with word money in 51 countries. The dollar began as the name of an ounce of silver coined by a Count named Schlick, in the sixteenth century. The Count of Schlick lived in Joachim’s Valley or Jaochimsthal. The Count’s coins earned a great reputation for their uniformity and fineness, and they were widely called “Joachim’s thalers,” “thaler,” and finally, “dollar.” The name of the United Kingdom monetary unit "pound" reflects the fact that it originally represented the value of one troy pound of sterling silver. In Spanish (plata) and French (argent) the words for “money” and “silver” can be interchanged. In Hebrew, the word kesepph means both silver and money. Many Africans and Asians refer to both silver and money as “argent”. It is something that current generations have forgotten under a flood of new paper money, but gold and silver are money - that is it, chosen above all other commodities over thousands of years of trial and error. After reading WhichWayGold you may still decide to call pieces of paper that the government prints “money”, but you will be forevermore be subject to the will of government to expropriate your wealth by printing more of those pieces of paper. It may take some time for this to sink in, but this is one of the core premises of this website. "Government is the only institution that can take a valuable commodity like paper, and make it worthless by applying ink." Ludwig Von Mises, Economist Wealth Preservation - Physical Bullion in Your PortfolioPhysical bullion should form a part of a properly diversified portfolio. Junior mining companies are, for the most part, a form of speculation - they are not something you invest in to protect your savings. The same goes for futures and options. Exchange-traded funds (ETFs) are a handy means of getting exposure to the price of the underlying commodity, but they are not the same as owning the commodity itself. Gold, silver and platinum are money, the ultimate safe haven asset and a great way of ensuring wealth preservation and for passing wealth from one generation to the next. If you deposit your money in a bank you expose yourself to the risk that the bank will collapse. Physical gold, silver and platinum on the other hand carry no such risk. Once the solid base or core holding of bullion is achieved in a portfolio then other investments in precious metals such as mining stocks and mutual funds and other more speculative bullion investments can be considered. |
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