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The Foundation of Wealth

From the dawn of civilization, back to Moses himself, gold’s beauty and luster has made itself incomparable to any other metal. Men have mined it, bartered with it, and even lost their lives by trying to acquire it.

» Understanding Precious Metals Pricing

Tangible wealth has always been based upon the possession of gold and silver; unlike other currencies made of destructible objects such as tobacco, the teeth of whales, cattle, sea shells, etc., and even more popularly now, paper currency.

Throughout history, gold and silver have been associated with wealth, stability, and power.

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Gold’s Value in Biblical Times

Biblical records indicate that gold and silver were the first and oldest form of money. The first mention of gold in the Bible is in Genesis 2:12 KJV, “And the gold of that land is good: there is bdellium and the onyx stone.”

In the King James Version (KJV) Bible, gold is mentioned 417 times, silver 320 times, and the word ‘money’ 140 times. Not once does the Bible mention paper currency. All throughout the Bible, gold and silver are asserted as real wealth.

Reasons why gold is considered real wealth:

  1. Gold’s rarity, even in biblical times, gave it a monetary value which has made it useful in commercial transactions, as well as a measure of wealth and prominence.
  2. The color and luster of gold and its resistance to oxidation or tarnishing, makes it valuable for jewelry and ornamentation.
  3. The Bible often mentions kings and queens paying in gold and silver.
  4. The Old and New Testaments refer to owning gold as being comparable to having knowledge, wisdom, and faith, which was considered far more valuable.

Gold’s Use in Construction of the Tabernacle & Solomon’s Temple

The Tabernacle: In Exodus 25:8 & 11, God commanded Moses to have the Israelites build a tabernacle; a sanctuary, for Him. It has been estimated that the tabernacle contained approximately 2,205 pounds of gold, 7,585 pounds of silver, and 5,338 pounds of copper (Easton Bible Dictionary).

Solomon’s Temple: Historians estimate that Solomon’s Temple was made over 3,000 tons of gold. This amount of gold was recorded in talents in which one talent is equal to 75 pounds. King David set aside 100,000 talents (7,500,00 pounds) of gold and 1,000,000 talents (75,000,000 pounds) of silver for Solomon’s Temple (1 Chronicles 22:14). The Temple’s lamps, utensils, basins, etc. were all made of gold and silver, with very few things made from copper (2 Kings 14:14).

The cherubs in the Most Holy, the alter of incense, and even the entire inside of the house were overlaid with gold. At today’s price (June 2018) at about $1,288 per ounce, the gold in Solomon’s Temple would be valued at around $155 billion.

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World-Wide Liquidity & Relevance

In today’s economic system, physical gold and silver seems irrelevant. Not one currency uses a gold standard to restrain its governments’s fiscal irresponsibility or monetary stability. Although its value may fluctuate, history proves gold’s buying power tends to remain the same. Gold has been the most coveted metal in the world, and the single most trusted international medium of exchange for thousands of years.

Trade between countries is frequently based on gold’s value as the most reliable currency. While paper currencies have been devalued, eroded by inflation, and have become virtually worthless, gold has maintained its purchasing power. Gold has been the established monetary standard for centuries. During times of inflation, people have turned to gold investing for profit and protection.

Gold invesment offers protection from a possible collapse of fiat money and as a potential hedge against deflation as well as part of diversifying a portfolio.

Reasons to consider buying physical gold or silver:

  1. Precious metals are durable, tangible, and hold an intrinsic value as a financial asset to hold. Although they do not bear interest, the actual value cannot be linked to another entity that could default.
  2. Precious metals investing can be anonymous. In the U.S., a precious metals dealer is not required to report the transaction under $10,000 to the government if purchased with cash, money order, cashier’s check, or traveler’s check.

Gold Currently

If you’ve held physical gold for the past 5 years, you’ve likely been frustrated by its lack of price appreciation. However, it’s important to remember that gold always retains its value as sound money and wealth ‘insurance’, but while prices of paper assets have flourished since 2013, the dollar price of told and languished.

This is about to change.

Several gold-specific positives have recently appeared

  • The global demand for gold is strong, with the only restraining component being western investment demand. Since western investors are typically trend followers, you would expect a low investment demand to appear at price lows.
  • Traditional technical and cycle analysts foresee a price bottom and a trend change. Respected market analyst, Tom McClellan, recently declared the current cycle to be upward for gold, making for some strong price gains for the next 3 years.
  • Bitcoin and other crypto-currencies became popular in late 2007, becoming an alternative to gold. However, the recent sharp price correction and looming legislation to regulate, or possibly ban, crypto trading, the investment world is realizing the cryptos are not a replacement for a sound money strategy as apposed to precious metals; gold and silver.
  • The long-term chart, as seen below, make it certainly seem a breakout will come over the next 12-24 months. You can see that once price exceeds $1,400, setting the stage for a leap towards $1,525. Once it hits that, we should expect to see a repeat of the 2011 highs.

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Physical gold has no counter-party risk. Simply put – if you hold it, you own it! The same cannot be said for paper assets like stocks, bonds, and mutual funds. When invested in paper assets, the holder always assumes the risk of the counter-party’s solvency. This is not an issue with physical gold.

For the first time in the history of the world, all the currencies are fiat.

You have two primary choices in your investing strategy:

  1. Invest in precious metals: That is, gold and silver investments which are real money and a tangible asset of stored value.
  2. Investing in fiat: That is, paper currencies and paper-backed investments which can be considered IOU’s and may waver in times of volatility.

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From Our Founder & Chief Strategist

Congratulations on taking the first step onto a path that leads to happiness and abundance for your children’s children. We specialize in helping investors diversify a portion of their retirement portfolio into hard assets such as gold, silver, platinum, and palladium with advanced investment strategies designed to maximize your returns.

We look forward to placing you back in charge of your wealth in order to lead a life with meaning and purpose.

Terry Sacka, AAMS

Accredited Asset Management Specialist, Wealth Strategist

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