The Value of Gold and Silver

Everyone knows that gold (COMEX:GCZ13) and silver (COMEX:SIZ13) have value, but few people understand their real value. Some people say that the current price of gold and silver is too high after rising 12 years. Is that true? If we know the real value of gold and silver, we will have a clear answer to the question. In this article, I will decode the three main components of the value of gold and silver: Monetary value, commercial value and cultural value. Then we will know if it is worth to buy gold and silver at the current price and what to buy. This article is for all people no matter whether you own gold and silver or not.

1. Gold and silver have monetary value

The principle to estimate the monetary value of gold and silver is based on the fact that gold and silver are money. Many people account paper currency as money. That is wrong. Paper currency is just a kind of fiat currency. “The average life expectancy for a fiat currency is twenty-seven years” (Chris Mack, president of Trade Placer). Gold and silver are real money and have been used as money for 5,000 years by all countries. You can easily learn the difference between money and currency on the internet. I don’t need to reiterate here. Just remember that a currency loses its purchasing power as the currency issuer, the central bank, prints more currency. But money (such as gold and silver) will never lose its purchasing power though it may fluctuate during some short periods. No one can print one ounce of gold or silver.
http://www.futuresmag.com/2013/09/23/the-value-of-gold-and-silver?t=commodities




MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Gold edges up as U.S. scrambles to resolve budget impasse

* Premiums in India, China rise as demand picks ups

 (Adds trader comments, updates prices)
    By A. Ananthalakshmi
    SINGAPORE, Oct 16 (Reuters) - Gold edged higher on
Wednesday, turning round after falling in early Asian hours, as
U.S. lawmakers scrambled to come up with a bipartisan agreement
to increase the federal debt ceiling before a Thursday deadline.
    Despite some weak safe-haven bids, gold has not priced in a
U.S. default - which could result from failure to raise the
borrowing limit - on expectations that Congress will reach a
deal at the last minute. A default could roil global markets and
hamper economic recovery.
    Democrat and Republican leaders in the U.S. Senate were said
to be close to agreeing on a proposal to raise the debt limit
and reopen the partially shuttered government, with
consideration by the full Senate possibly coming on Wednesday.

 http://www.reuters.com/article/2013/10/16/markets-precious-idUSL3N0I60AG20131016

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Hunt Brothers History Lesson

Hunt Brothers History Lesson


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Mike Maloney Pegasus Silver: Game-Changer

 Mike Maloney's new silver round called "Pegasus" is amazing. The price and the quality should set the industry on notice. Nothing to date out of a private mint equals the quality and price point.


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Jeff Nielson ~ We are Gonna See The Price of SILVER With a Zero Behind It' $250, $350, $450

 Jeff Nielson from Bullion Bulls Canada join us for an in-depth precious metals and monetary Ponzi update. We discuss the absurdity of the CFTC declaration that there is no provable manipulation in the silver market, we discuss the near total control of THE ONE BANK which controls nearly 40% of the worldwide economy - and we discuss the accelerating collapse of the Church of Scientology which is an excellent allegory for the near total collapse of confidence in the United States government and the monetary Ponzi scheme known as Wall Street and the Dollar.


MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet