Can We Get Interest on Gold?
If you have stumbled on this article, you already know that gold is a powerful tool to hedge your wealth against inflation. Historically, the biggest argument against gold is that it does not produce cash flow or interest. Until today, this has been the case. However, some companies are becoming ever more popular regarding earning interest on your gold and silver.
Can we get interest on gold? Yes! And believe it or not, it is safer and easier than you think!
Patriot Gold Supply has set out to help as many people as possible understand the importance of owning tangible assets. Having sound money in your portfolio is so incredibly important. As a result of assisting thousands to understand the importance of gold and silver, we have also been able to give back to the Wounded Warrior Project. You can invest while also feeling good about helping our great United States Veterans.
Earning Interest on Precious Metals is Not a New Concept
Firstly, we must all understand that earning interest in your gold and silver is not new. For centuries, banks have stored their clients’ funds, lent the money to a third party, earned interest, and paid interest to their clients. To this day, banks are repeating this process with fiat currencies. In prior years, banks would accept gold and silver from their clients, lend it out and earn interest on the money they lent.
However, we have become so separated from the world of precious metals. This separation resulted from the 1933 gold confiscation and the removal of the gold standard.
The 1933 Gold Confiscation
Before the 1933 Gold Confiscation by Franklin Delano Roosevelt, banks accepted gold as money. You were able to walk into your bank, deposit your gold coins, and earn interest. As a result of the Great Depression, the United States took extreme action to correct the economy. FDR signed Executive Order 6102, which forced every American to sell their gold to the government at a set price.
Subsequently, Americans could not own or deposit gold into their banks to earn interest. It wasn’t until 1974 that Americans could legally own gold again. The Gold Confiscation had a significant impact on the way people viewed gold. A particular fear lingered before everyone would buy gold again in confidence.
Not until recently have you been able to earn a yield on your gold. “Can We Get Interest on Gold?” has been asked more frequently. For that reason, a few companies and some banks have focused their efforts on getting back to the basics—getting back to real money.
Furthermore, we must inform you that many precious metals companies will use the Gold Confiscation of 1933 to overcharge you for precious metals. In short, they will say that purchasing pre-1933 gold will make your gold immune from confiscation, which is not valid. It is a tactic that has been used for years to overcharge investors.
It is vitally important that you work with a company with your goals in mind. If your goal is to hedge your wealth against inflation, you should be looking to pay the lowest premiums over the spot price as possible.
The Removal of The Gold Standard
In 1971, President Richard Nixon removed the United States from the Gold Standard. Consequently, removing the Gold Standard temporarily fixed inflation, and this action taken by Nixon in the 70s had harmful consequences for decades.
Today, we now experience inflation as we have never seen before. The value of the United States Dollar is dropping faster than ever. Although this should have caused an increase in gold purchases, the American people now believe that fiat currency is sound money. There will soon be a rude awakening for those who do not possess tangible assets.
As inflation soars, the flood of new gold and silver buyers will be difficult for precious metals companies to maintain. As those wondering, “Can we get interest on gold?” learn about how they can earn interest while protecting their wealth, gold will become even more of a coveted asset.
How Does The Process Work?
Deposit Your Precious Metals
The first step in the process is to connect with one of our experts. We will walk you through the process of shipping your gold and silver to our location through an insured package.
Safe Storage With No Vault Fees
We store your gold and silver with absolutely no vault fees. Alternatively, you may have looked into the option of keeping your gold and silver in the vault for a fee. On the other hand, you can now store your gold and silver safely while not paying vault fees and earning interest!
Earn Interest on Your Gold and Silver
Companies are looking for financing every day. In the same vein as banks that lend money to those looking for a loan, you can earn interest on your gold.
How Do You Get Started?
So, can we get interest on gold? Yes! It is a simple process that is growing in popularity every day. If you would like more information on how to earn interest on your precious metals, call 888-959-1776 and ask about acquiring a yield on your gold.
You can also fill out the form on this page if you or someone you know asks, “Can we get interest on gold?”. One of our experts will be happy to assist you and answer any questions you may have.
Patriot Gold Supply proudly supports our Veterans. We give a portion of our proceeds to The Wounded Warrior Project. We thank those who risked it all for our freedom, and this is the least we can do for them.
Help others while protecting your wealth with Patriot Gold Supply!
LEARN HOW TO EARN
INTEREST ON YOUR
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Patriot Gold Supply Proudly Supports The Wounded Warrior Project