Silver – The Poor Man’s Gold

A few weeks ago, my husband asked me if I had any old jewelry I didn’t want anymore. He told me he had seen an advertisement on television for a company who would take jewelry or other precious metals and send you cash in return.

We are a British Company so of course we are under British jurisdiction. Our customers own gold either in London, Zurich or New York, which places their property under one of those jurisdictions. The two are not the same thing. Once you have bought gold in Switzerland we are simply an agent for arranging the payment of your custody fee for your Swiss held property. That means a US customer with Swiss held gold is not exposed to British jurisdiction.

Since 1999, when the Fifty State Quarters were introduced, many children have enjoyed collecting these coins and saving them in a Commemorative Quarter Map or Coin Folder. These are fun, cheap, and easy to get started with, since we all get quarters in our pocket change every day.

Unlike a bank we do not lend. All gold and cash in BullionVault is immediately available, so there is no “borrow short and lend long” liquidity problem. A ‘run’ on BullionVault would be profitable for us and increase our financial strength, as we earn commissions from customer sales. Permanent records of ownership are produced daily and stored daily in at least two locations. The ‘alias’ list is in the public domain. You can use your RSS Newsreader to download it daily.

While silver has steadily increased in its commercial use in electronics and the demand for electronics will continue to increase, there is a surprising increase in coinage. With the demand increasing heavily in silver coins and metals there is bound to be price spike like we have never seen before. Why is that? Well instead of just a few private investors purchasing silver as a store of wealth and a company purchasing it for their products there has been a vast influx in private purchase by average citizens. Silver is now an internationally purchasable commodity that can be bought through world-wide coin dealers, on the internet and even at your local coin dealer Rural Hall.

You will have seen adverts for your National mint- often in newspapers and definitely online. Nice glossy adverts… expensive adverts… adverts you will be paying for with a huge premium over the true value of the coins!

Children are the perfect people to start a hobby such as coin collecting, quarters most specifically. Nothing beats the excitement of a new quarter in one’s pocket. Quarters are a unique, as well as a very inexpensive, way to get children interested in history. When they find a new coin, they can research it to find out the details of the state from which the coin came, etc. It is an effective way to have fun while learning.

The last type of coin collecting is coins that are called bullion (silver, gold and platinum). Bullion is often produced in the form of ingots, bars, rounds but also is comes in coin form. These coins are valued on their content and as the value of gold, silver and platinum increases, so does your collection.

coin shop East Bend