South Carolinian state representative Mike Pitts has introduced legislation that requires gold and silver coins to replace shaky federal currency as legal tender in his state. His reasoning is simple, “If the federal government continues to spend money at the rate it’s spending money, and if it continues to print money at the rate it’s [...]
Archive for the ‘Gold and other Precious Metals’ Category
We’ve all heard the never-ending hullabaloo surrounding gold as a precious metal investment. Even silver gets more media pub than the other metals in the family, even though a recent spot quote put it in lowly 11th place ranked by value on world market trading. Here’s a snapshot in case you’re curious about how they [...]
We call them gold bugs. The term has been around at least since the US presidential election of 1896, when supporters of William McKinley took to wearing gold lapel pins and gold-colored headbands to show their disdain for the encroachment of the “silver menace” into our money supply.
Those were the days. If only silver were [...]
When recessions rear their ugly heads and economies struggle, people tend to run for the perceived “safety” of gold or silver. While precious metals are indeed miles ahead of investments like stocks, bonds, and mutual funds, there is another option that will not only protect your assets during inflationary times but actually increase your wealth [...]