Gold. Gold has been a symbol of wealth. Gold has been used for coins, jewelry, and art. Before the globe entered into using a fractional money supply, gold had been the standard of currencies.
The point in time has come to pay the piper for the exploitation of fractional reserve money. Fractional reserve money basically means that the money supply is printed and expanded when only a small percentage of the value in gold is to be had. In reality, if the common citizen did what governments do, it would be called counterfeiting. When you roll the presses and there is nothing to back the money but thin air, that is a form of fake worth. Originally, the thought was that there be one dollar in gold worth to back each one dollar in paper worth, and the paper was easier to transport. But the temptation to just print dollars was so unlimited, that when governments required money, that is what they did and subsequently there was only a small percentage of the worth in gold to back the now bigger numbers of dollars.
The point in time has come for that excursion into the money bubble to come to an end. And it is ending, not only for the United States, but for the nations around the globe, for the reason that the national currencies and national debts are intertwined, and what affects one, affects all.
Because the currencies of the globe are devaluing, folks are beginning again to look to gold as a place to store up their wealth. Generally, as the dollar declines in worth, the value of gold increases. It is thought that gold may perhaps go as high as $6000 an ounce in the next ten years.
Along with the decline of the worth of the dollar, there is furthermore the decline and instability of typical investments. Again, folks are beginning to look to gold as a safer way to stockpile wealth. The problem is, when gold is sold by the ounce, the cost of an ounce is out of reach of many folks. Many folks, in this economy of foreclosures and job layoffs, declining 401Ks and failing and falling stocks, do not have the income to buy ounces of gold at a time.
There is a solution. Buy gold by the gram. A gram is roughly 1/31 of an ounce.
There is a company that has specialized in one gram gold bars, and furthermore plans on coming out with gram gold bars and possibly also gram gold bars. This way of selling gold makes gold accessible to the majority of folks.
This company offers a gold-backed savings plan. People can monthly put away a specified amount of gold. With the price of gold going up, it is likely that their gold will be worth more the next month, rather than being consumed and worth nothing like a consumable monthly acquisition, for example, such as food or clothing, or energy.
Yes, the current value of a gram of gold is going to be a more frequent question in the United States beginning in August. The only gold backed savings plan in the globe is coming to the United States. It will probably end up in many other nations as well.
This company that deals with grams of gold as opposed to ounces of gold is making this gold purchase and savings plan accessible to the masses.
Gold is sold and traded by the troy ounce, which is 1/12 of a pound. The troy ounce is used for precious metals and gemstones.
To find the worth per gram, you have to convert from the cost for every troy ounce. During the conversion, you furthermore have to consider what grade the gold is. 24K is the highest grade, considered pure gold. One ounce equals 31.10 grams. So you divide the current price for every ounce, by 31.10.
The next adjustment is for the quality of the gold. 24K does not need to be adjusted, as the cost for every ounce is based on 24K. 18K is considered to be 75% gold, so you would multiply the figure after division by .75. 14K is considered to be 58.5% gold, so you multiply the number after division by .585. 10K is considered to be 41.7% gold, so you multiply the figure subsequent to division by .417.
This company deals in 24K gold and is embedding 1 gram gold bars on credit card size certificates of authenticity that can be taken to and verified by any jeweler.
This is very valuable. Not just is it an affordable way to accumulate wealth, but furthermore, if currencies thoroughly devalue, as they have in various nations in the past, where it takes a wheelbarrow of paper money to purchase a loaf of bread, folks can take these credit card size certificates of 1 gram bars, and in the future, and probably gram bars, and continue to do business in spite of the failing governmental currencies around them.
Because the currencies of the globe are devaluing, and jobs are becoming scarcer, this is a good company to look at both as a source of gold-backed savings, and further income.
About the Author:
Cheryl Jones is an Internet Marketing entrepreneur. She is involved in the company bringing a gold-backed savings plan to the United States and around the world.