subject: Don't Sell Your Gold For Cash. Swap Your Cash For Gold! [print this page] Gold is the most popular precious metal to be used as an investment or saving platform. Gold (as well as other precious metals) is the only real "money" of substance and as such is easily traded and treated as "ready money". Fiat currencies that most people think of as money, is nothing more than pieces of paper that people trust that it will buy them "things". It actually carries NO intrinsic value whatsoever. The Bank of England confirms this in their publication "What the bank does" on page 11."The Bank of England has been issuing banknotes for over 300 years. Early banknotes were receipts for gold deposited at the Bank. The holder of a banknote could bring it to the Bank of England and exchange it for gold. This is no longer possible, but banknotes still retain the words I promise to pay the bearer on demand'. There you have itit used to be so, but no more!!!!it goes on to say."A banknote is only a piece of paper which costs a few pence to produce. But banknotes are worth something more because we trust they can be exchanged for things we want to buy they are a widely accepted way of paying for things. This trust gives banknotes value."
Don't Sell Your Gold For Cash. Swap Your Cash For Gold!
By: Sally Griffin
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