“And Abram was very rich in cattle, in silver and in gold.”
— Genesis 13:2
From ancient times, people could measure their wealth by how much cattle, silver and gold they possessed.
And even before it was fashioned into the coins that we perceive as money today, silver and gold were REAL money. Portable wealth you can hold in your hands.
The first recorded gold coins were minted in the 6th century B.C. in Anatolia, in present-day Turkey. A few hundred years later, at the time of King Midas, gold coins appeared in Persia. Soon after that, the Chinese started minting their own gold coins.
The minting of gold coins finally gave a specific value to gold, in comparison to the price of goods and services. A certain amount of gold bought you a fixed number of camels, for example.
In the 4th century B.C. the Greeks were creating rudimentary banks and extending credit between cities based on gold deposits.
By the 2nd century A.D. the Romans had created even more sophisticated gold-backed financial transactions.
All this was possible because gold and silver were recognized as MONEY, with each coin representing a known value.
Until recently, a “bank note” was simply a voucher or coupon, representing a certain amount of gold. It was the gold that was real money. The bank note was simply the promise of gold.
For most financial transactions today, gold is irrelevant. Wall Street can carry on quite happily without ever even thinking about gold.
However, 4,000 years of history doesn’t just disappear. Gold is still revered in almost every country in the world.
And it isn’t just a matter of sentimentality. In spite of the complexity of the global economy ― or perhaps even because of it — gold is still an essential asset.
Gold’s unique attributes are what make it worth owning, even ― or particularly ― in a world where money is at its most intangible, flying from one computer to another.
At a time when wars and social chaos threaten to engulf large parts of the world, it’s good to know you have some of your wealth in a form that is both portable and secure.
Central banks still buy it by the ton. Wealthy individuals are building their own vaults and storing gold bullion. And regular people all over the world are buying gold coins and bars faster than ever before.
Buying physical gold is also a smart move when you consider that the U.S. dollar lost over 98% of its purchasing power between 1900 and the year 2000.
And with the Fed pumping billions of “freshly printed” dollars into the system since 2008, it would be foolish to think this century will see anything less than a continued fall in the value of the greenback.
To own gold as wealth, there are three good ways to go … gold jewelry, gold coins and gold bars.
In some countries, notably India and those in the Middle East, wealthy people can be found wearing literally pounds of gold.
But here in the western world, we don’t generally carry our wealth in the form of jewelry. Gold is usually worn more as a sign of wealth rather than a store of wealth.
If, like me, you started buying gold in the 1970s, your first purchase would probably have been a one-ounce South African Krugerrand, which was first minted in 1967.
Since then, numerous one-ounce (and fractional) coins have been minted in many different countries around the world. Here are some of them:
- The American Gold Eagle
- The Gold American Buffalo
- The Canadian Gold Maple Leaf
- The Austrian 100 Corona
- The Chinese Gold Panda
- The 50 Peso Mexican Gold Coin
- The Mexican Libertad Gold Coin
- The British Sovereign
- The Australian Gold Kangaroo
Gold bars are also available, from small to large depending on your budget.
Before you buy, you need to decide whether to take physical delivery or buy allocated gold, which is stored for you in a secure location.
For physical delivery, check out Kitco or Apmex.
Of course, opting for physical delivery will usually increase the buying cost. First, there is the cost of the courier. Then there’s the insurance fee, because no dealer would ship your gold without insuring it first. And, depending where you live, you might have to pay sales tax as well.
You can reduce the impact of shipping and insurance by waiting until you can buy several coins at once.
The alternative is allocated gold.
Also known as non-fungible gold, this is physical gold you buy. You just don’t take delivery. It’s stored in a vault on your behalf.
You DON’T want to buy unallocated or “fungible” gold. You think you own gold, but you actually just own the promise of that gold. And as we all know, promises can be broken.
With allocated gold, you DO own the metal. It’s a coin or bar with your name attached to it. You can ring up the company and ask for it to be shipped to you at any time.
The advantages to buying allocated gold is that there are no shipping costs, and you don’t have to worry about finding somewhere to safely store your gold.
Where can you buy unallocated gold? One option is the Hard Assets Alliance. (And no, I don’t personally stand to benefit from any dealer recommendation.)
You buy the gold through them and then choose where you want it to be stored … in New York, Salt Lake City, London, Zurich, Singapore or Melbourne.
This unshakable belief in gold’s value has persisted for thousands of years. And it isn’t going away anytime soon.
And because the underlying fundamental and cyclical conditions for the next phase of gold’s bull market are all finally in place …
I see gold heading substantially higher in the years ahead. To over $5,000 an ounce!
That’s because gold is finally waking from its years-long slumber, and everything points to the next big bull run in gold.
During gold’s last major bull market, if you’d bought physical gold, you could’ve made roughly 655% over a 12-year period.
However, 655% over a 12-year period is a drop in a bucket compared to the bigger, faster money you could’ve made if you’d had access to my Gold X Indicator.
In fact, the last time we saw market conditions in gold like we’re seeing today, you could’ve turned a $10,000 investment into $100,000 or more. And right now, my Gold X Indicator is showing me that history is about to repeat itself.
In fact, my Gold X trading system lets you catch fast gains of 370% … 600% … 1,186% … and sometimes even extraordinary windfalls of as much as 4,727% — all from relatively MINOR jumps in the price of bullion.
But with central banks and two other powerful forces converging for the first time ever, this could be the biggest money-making opportunity in decades for gold investors.
And in my GOLD RUSH 2019-2021 video, I’ll show you how to get your hands on THREE Gold X trades that I personally expect will be BIG winners. Watch my brand-new video presentation and see what you think.
All the best,