Selling Your Gold Coins To A Shopping Gold Buyer
Inflation is always a monetary phenomenon. Since the printing press, it has in all times and in all places been the inevitable consequence of creating large amounts of money, not backed by any commodity, such as gold.
You must continuously grow yourself and expand your mind. Learning is essential. If you don’t you’ll be stuck with the same skills and ideas and you’ll never even notice when you are bogged down in complacency and routine.
Bullion is tangible and solid. This can be in the form of coins or actual bars. The larger weight and quality that you buy the closer to the actual market price of you will pay. A small coin may end up costing twice the current market spot price whereas a large bar would only be slightly higher in price.
The world that we live in today has been plagued with this recessions almost since the turn of the century. The internet bubble burst in my view was the start of all of this and then the housing bubble burst. When things are going well or their is a new technology, we tend to be very gullible and we try to get everyone to buy into (the hype), create a frenzy, find governmental loopholes and exploit the system to it’s max so as to make gobs upon gobs of money.
Another time I went through an ebook that had not been cheap to buy and it just didn’t contain too much I didn’t already know. I was just about to ask for a refund (and no,I don’t do that often, only a few times EVER) when I decided to look again at the ads that made me bite on the offer. The seller had not misrepresented anything. And his offer and presentation were not “junky”. I simply had learned more about the subject than I thought and hadn’t realized it. Good for me! The additional value for me then became studying what was very good ad copy. I didn’t ask for that refund.
Be prepared to pay more than the face value, but check the current silver prices and delivery times to ensure you are paying a fair price. Backdated Silver Eagles have the same silver content but may be available at a lower price than the current Silver Eagles. This is worth checking into if you cannot find affordable Silver Eagles.
The problem with these two alternatives is that you’re basically borrowing money to pay back money you already owe. One wise man commented some years ago, “you can’t borrow your way out of debt”. And this is the problem with these alternatives. You’re not solving your debt problem. You’re simply moving it from one place to another.
The key is knowing when inflation is about to go up. Gold is actually a very good indicator of inflation. Once inflation hits, gold always goes up. But if you don’t have the time to keep checking the price of gold, you can still buy these coins while they’re still cheap. Once inflation hits, just cash in before it’s too late. Even if you cash in too early, you shouldn’t feel robbed. You still make more money then the rate of inflation.