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Gold Spot Price
CDN/oz
2,760.19
Silver Spot Price
CDN/oz
34.76
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EDUCATIONAL RESOURCES
Explore our educational resources to learn more about the benefits of investing in gold and silver. Our articles and guides provide valuable insights into the history, uses, and investment potential of these precious metals.
Whether you’re new to investing or a seasoned investor, our resources will help you make informed decisions for your financial future.
Top 10 reasons to own physical Gold and Silver
- Gold considered a riskless asset class by BIS – In 2019, the Bank of International Settlements (BIS) located in Davos Switzerland and is the Head of all central banks worldwide elevated gold from a tier 3 asset class to a tier 1 asset class. Gold joined the US Dollar as the only other tier 1 asset class. A tier 1 asset class is considered by the BIS as the only riskless asset class in the world. This was the first time that an asset class other than the US Dollar was rated as riskless making one wonder if the rumours of the demise of the US Dollar is forthcoming to be replaced with Gold.
- The Central Banks Buying Gold in Record Amounts– Since 2019, when Gold was elevated from tier 3 to tier 1, Central Banks across the world have been buying record amounts of gold each year, while at the same time depleting their ownership of US Dollars
- Diversification – Gold and Silver are a separate asset class from the traditional assets of cash, bonds, stocks and real estate.
- Tangible asset– By owning the physical bullion you own it and as such it has inherent value, it is actual real “money” whereas paper money is simply “currency” and while having similar characteristics as gold it has no store of value (no inherent value-not real money). You want something you can hold in your hand and know it’s value. Gold is portable, durable, divisible and fungible (each unit is the same as the next unit) as well as it has a store of value.
- No third-party risk– When you own physical gold and silver versus an ETF, certificates or futures contracts you are not subject to the unknowns that could happen with a money manager, as you are the owner.
- Scarcity– Gold and silver are relatively scarce and difficult to mine. New supply is limited which reinforces its inherent value versus paper money which just simply prints more. Simple economics of supply and demand makes paper money worth less every time the printing press fires up and prints more.
- Currency Hedge – These days of massive debt in every western nation makes every currency such as the Euro, the Yen, the British pound and US, all the dollar denominated countries of Canada, New Zealand, Australia and the USA vulnerable to massive depreciation in value. Gold is a store of value.
- Gold and Silver are commodities– Both gold and silver have industrial uses. Silver has many industrial applications which accounts for half of the annual demand worldwide whereas industrial use of gold is 15% with the rest being used for jewellery.
- Universal Acceptance – Gold is accepted around the world and has highly liquid markets to buy and sell compared to paper currencies which are not always accepted anywhere.
- Paper currencies can become worthless– Every paper currency in the history of the world has become worthless at some point in it’s history. Watch Mike Maloney’s10 part series on the Hidden Secrets of Money Money vs Currency – Hidden Secrets Of Money Episode 1 – Mike Maloney (youtube.com) to learn more about the history of gold.
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The History of Gold and Silver
Gold and Silver have been the predominant currencies for over 5,000 years.
They became money somewhere between 680 BC and 630 BC when they were minted into coins of equal weights in Lydia which is now Turkey. This first form of “money” was portable, durable, divisible, and fungible as well as a store of value unlike today where paper currency, which isn’t really money as it has no store of value. You can always print more paper money, but you cannot print more Gold or Silver.
We urge everyone to watch all 10 parts of the Mike Maloney series, “Hidden Secrets of Money” Money vs Currency – Hidden Secrets Of Money Episode 1 – Mike Maloney (youtube.com)
In 1834, the USA created a new US Dollar that was backed by gold at a ratio of 1.5 grams of gold per $1.00. Interesting side note is that the silver to gold ratio was 16 ounces of silver to one ounce of gold.
By doing this, every time the country wanted to expand the number of dollars in circulation they had to have the gold to back it. This stopped them from the excesses that are so prevalent today in all western European countries.
From 1834 until April 1935, Americans could walk into a bank and exchange their dollars for gold. But in 1935, President Franklin Roosevelt used a recently amended Emergency Banking Act to make it illegal to own gold and forced all citizens to return their gold or face hefty fines and/or jail. His rational for passing the Gold Reserve Act of 1934 was to help the United States recover from the Great Depression.
In 1944, post World War 2, 730 delegates from 44 Allied Nations gathered at Bretton Woods, New Hampshire to establish a financial system that would foster growth for all nations. During the war the nations competed for growth through manipulation of their currencies and sought a solution to prevent currency wars from persisting. The decision was to accept the United States Dollar as the world’s reserve currency backed as it had a long history of being fully backed to gold.
The exchange of US Dollars for gold ended in 1971 when Nixon took the US off the gold standard ending the agreement made in Bretton Woods in 1944.
Owning gold remained illegal in the US until 1974.
Over the years there has been numerous paper currencies come and go. If paper currencies aren’t backed by a commodity like Gold or Silver, they are called fiat currencies and every fiat currency in history has failed. Here is a good video to watch that describes 9 fiat currencies that have collapsed. A Short History of Fiat Currency Failures: 9 Currencies That Have Collapsed (hardmoneyhistory.com)
The US Dollar remains even today as the world’s reserve currency and along with recently promoted Gold bullion is the only tier 1 asset (considered riskless) in the world according to the International Bank of Settlements which is the Central Bank for Central Banks (IBS). How long the US dollar remains “riskless’ is unknown, but it certainly is much riskier now than gold which likely explains the 2019 decision by the IBS to elevate gold from a tier 3 asset class to tier 1, it is likely going to replace the US dollar altogether very soon.
Finally, the latest news on gold and money and currencies is the BRICS nations stating that they will be coming out with a currency fully backed by commodities which will almost certainly include gold if it isn’t exclusively gold. Stay tuned.