the bullionr life
I guess there really are very few things that measure up to the feeling you get when holding a few gold coins in hand. I don't know, but right about now...for some strange reason...I am having a flashback to the periodic table 🤓 😳 🤓 And, as such, I'm pretty sure I feel a blog entry coming on 🤔😁🤔...
“How rare is gold? if you could gather together all the gold mined in recorded history, melt it down, and pour it into one giant cube, it would measure only about eighteen yards across! That’s all the gold owned by every government on earth, plus all the gold in private hands, all the gold in rings, necklaces, chains, and gold art. That’s all the gold used in tooth fillings, in electronics, in coins and bars. It’s everything that exists above ground now, or since man learned to extract the metal from the earth. All of it can fit into one block the size of a single house. it would weigh about 91,000 tons — less than the amount of steel made around the world in an hour. That’s rare.” — Daniel M. Kehrer
All the gold ever mined still exists today...
Gold is virtually indestructible; almost all the gold ever mined still exists today...all of it, is only enough gold to fill two Olympic-sized swimming pools!
Gold is beautiful; it's scarce. Gold is extremely malleable and pliable. A one-ounce piece of gold can be beaten down to 5 micrometers thick – that is 1/10 the diameter of a human hair – and laid out into 50 miles of wire.
The world consumption of gold goes towards jewelry, investments, and industry.
Gold's high malleability, ductility, resistance to corrosion and most other chemical reactions, and conductivity of electricity have led to its continued use in all types of computerized devices (its chief industrial use).
Gold is also used in infrared shielding, colored-glass production, gold leafing, and tooth restoration. Certain gold salts are still used as an anti-inflammatory in medicine.
Yep, that's right, gold also has anti-inflammatory and other medicinal properties!
Uh, huh! GOLD IS EDIBLE!
Seriously! I am not kidding! And, if you think about it...you already knew that :)
And, as for all that gold being used today in computerized devices...
In its annual environmental report released in 2016, Apple said it recovered 2,204 pounds (more than a ton) of gold from recycled iPhones, iPads and Macs. That's $40 million worth of gold!!!
Now you know why recycling computer equipment is big business!
Your old computer equipment is a treasure trove of gold!
So, you see how they can definitively state that "All the gold ever mined still exists today"? They're going to get the gold back that went into the production of the item in the first place!
You see, You CAN'T PRINT GOLD! Nor can you whip up a batch of it in the kettle over the camp fire or in the laboratory. Although it's been tried many times and I'm sure there is someone out there still attempting to do just that.
"In 1980, when the bismuth-to-gold experiment was carried out, running particle beams through the Bevalac cost about $5,000 an hour, “and we probably used about a day of beam time,” recalls Oregon State University nuclear chemist Walter Loveland, one of the researchers on the project. Glenn Seaborg, who shared the 1951 Nobel Prize in Chemistry for his work with heavy elements and who died in 1999, was the senior author on the resulting study. “It would cost more than one quadrillion dollars per ounce to produce gold by this experiment," Seaborg told the Associated Press that year. The going rate for an ounce of gold at the time? About $560!" - John Matson, Scientific American
Ouch! What does that tell you!
This metal is precious....as if a gift...a treasure...like none other! Not meant for mere man to reproduce on a whim, at his leisure or pleasure!
So, what does all this have to do with Bullion and Coins?
The Metal is Rare. The Metal is Beautiful. The Metal is NOBLE! ;)
“Start now buying gold coins, any kind, and hoarding them.” — Dr. John L. King
And, we are here to help you with all your Precious Metals acquisitions.
Cowboys and Gladiators…
Well, I loved watching the Old Western movies of cowboys and cattle rustlers. :) Still do, I guess :) The Old West! Fascinating! I recall that specific part in the movie when the cowboy would saunter into the saloon and toss his silver dollar on the shiny wooden bar.
Y'all remember that part in the Old Western movies?
Do you remember the sound that silver dollar would make?
It would make a clinging sound…you could hear it ring, almost sing!
Notice how that saloon owner just scooped it right on up, too? No questions asked it seemed; especially given he must have seen his share of a plenty of old bad cowboys and cattle rustlers passing through those swinging saloon doors...
I always wondered about those saloon owners.....
Did they have some secret?
Well, you know they always seemed to be rather attentive....one eye on the cowboy, the other on the coin plus with what appeared to be both ears bent towards the direction and sound that silver dollar would take and make.....
:) Told you I loved watching Old Western movies :)
Why, it wasn't until later that I realized people have ALWAYS had to rely on and utilize this “sound money” test that the citizens of the Old West used way back then. And, heck, it even seems the citizens of Rome may have started the 'sound money test' as they had quickly learned to use it for distinguishing between true money and debased money!
You see, silver, uh…real, pure silver that is….has a distinctive melodious ring to it. (e.g. like the sound you are hearing in the video of this post here).
Listen...whether you want to admit it or not...the sound of silver and gold does have this melodic language…a ring to it. It has this 'vibe', resonating tone of that which is truly sound money or hard money as I have heard it called. 'Hard', I reckon, is meant to remind that true money is made out of 'metal'...'precious metal'. Well, that got me even more so curious as to where the term “sound money” even originated!
The term “sound money” is believed to come from Ancient Rome! I gave you a hint earlier :)
Yep! Romans had small silver coins that were standard in everyday commerce, from paying Roman soldiers to buying many of its products and goods from all over the world. [That would be the exact same thing we still do today...use of currency, from paying military soldiers to buying many of our products and goods from all over the world.]
Then, to make a long story short….
You guessed it!
Rome started squandering its wealth! And, so they figured out what seemed to them an easy shortcut to shore up the Roman Treasury.
Hmmmm! Ummm...Uh, that sounds eerily familiar :)
Okay…back to the story…..’cause we are only talking about ROME in this post…
Rome, it...well, it gradually debased those silver coins with common metals, ultimately cutting the silver content to just 5 percent!
Now, you know that didn't fool most Romans and especially those Gladiators for too long! LOL!
You see, the people of Rome quickly began to be able to distinguish between and understand what the sound of true money and the dud of debased Roman coinage....well, actually sounded like!
Seems those Cowboys and Gladiators understood what was in their pocket!
All they needed to know was whether it had the distinct Sound of Money (e.g. precious metal) or the Dud of Fiat Currency (e.g. debased coinage and paper)
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Hey, guys! I am starting to read this new book I recently got. And, well this post really isn't about that book, per se (LOL!) although I have found it so far to be a good read. However, as timing would have it I happened upon an insightful article that was penned by the same author.
So, today's post is simply about "INDICATORS". Yep! According to the Oxford Dictionary, the word: in·di·ca·tor [ˈindəˌkādər] is a....
Well, I'm sure you get my point :) As they say, ...'a rose by any other name....'
Back to the article...
It's shares some rather interesting things about trends or indicators and I thought some of you might also find the 'article' insightful. Don't worry! I promise, it's a quick read :)
But, just in case...here is a "CliffsNotes" like version :) of a few of those insightful tidbits...
“...All indicators show this is an excellent time to accumulate a position in gold, if you haven’t put 10% of your investable assets in gold and physical metal already."
"Whenever a new president is elected, think tanks in Washington get to work writing transition papers for the new administration. These are compilations of policy advice from subject matter experts for the benefit of the president-elect’s transition team."
"I was invited to contribute to a transition paper on national economic security. This is the policy area with geopolitics and global capital markets converge. I was invited by a non-partisan institute called Center on Sanctions and Illicit Finance, part of the prestigious Foundation for the Defense of Democracies."
"The final national economic security paper has not yet been published as of this writing, but here’s an advance preview of a section I wrote on what I called the Axis of Gold:"
"...A major blind spot in U.S. strategic economic doctrine is the increasing use of physical gold by China, Russia, Iran, Turkey and others both to avoid the impact of U.S. sanctions and create an offensive counterweight to U.S. dominance of dollar payment systems."
"Gold offers adversaries significant benefits in a world of U.S. imposed dollar-based sanctions. Gold is physical, not digital, so it cannot be hacked or frozen. Gold is easy to transport by air to settle balance of payments or other transactions between nations. Gold flows cannot be interdicted at SWIFT or FedWire. Gold is fungible and non-traceable (it is an element, atomic number 79), so its provenance cannot be ascertained. The U.S. is unprepared for this coming strategic alternative to dollar dominance."
"...No sooner had I submitted this analysis than President Erdoğan of Turkey made the following remarks in response to a currency crisis in his country: “Those who keep dollar or euro currency under their mattresses should come and turn them into liras or gold.”
" …Indicators all point in the same direction – Treasuries are being dumped and gold is being acquired by the largest investors in the world.“
Reference: December 20, 2016 The Daily Reckoning - AXIS OF GOLD ~ James Rickards New York Times best seller, The Road to Ruin: The Global Elites' Secret Plan for the Next Financial Crisis
Source Article: AXIS OF GOLD
Why Silver & Gold?
With inflation stealing as much as 10% of your buying power every year why not save 10% in something which historically comes out ahead? That something is physical Silver & Gold assets! You don't have to wait - You can get started today!
Now, remember to take a look at that article as it does a really great job of summarizing a few insightful tidbits. Click here on the link to read more on the article: AXIS OF GOLD
Are You Interested in Purchasing Silver and Gold? Visit: BullionR.com
As a professional Account Manager for an International Precious Metals firm I can assist you with purchasing world class silver and gold and/or help get you started in the industry. We have an awesome team of leaders and we are looking forward to helping anyone interested in Creating and Protecting their Wealth.
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