Gold and Silver as Stores of Value
Maybe you’d like to know this…
Historically, silver was used for daily transaction, for smaller amounts; gold – for storing wealth and for larger transaction.
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"The only thing that can console one for being poor is extravagance." Oscar Wilde
Maybe you’d like to know this…
Historically, silver was used for daily transaction, for smaller amounts; gold – for storing wealth and for larger transaction.
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I remember when silver coinage was still used to buy things. I don’t remember the gold, though. That was before even my time.
And what was the economy like back then? Was it growing?
I keep hearing that it’s impossible to have a growing economy if you have a gold or silver standard.
I’m not smart enough to have a well-founded opinion on that, but I prefer having some gold and silver for peace of mind.
Well, I was only eight, so the only economy I followed was my allowance. I have, however, collected silver coins since I was 12, and have invested in gold, silver, and platinum since the mid ’80s.