As we see an ever changing world, the one thing all people see today is that the dollar in their pocket buys less and less each day. Doesn’t matter if you make $30,000 a year or $200,000, we all try to live within a budget from what we earn, and each one of us are feeling the pressure or our ever devaluing dollar.
One of the easiest and most relevant examples used to demonstrate preservation of purchasing power is thePre 1965 US silver quarter. All quarters (dimes and half dollars too) minted before 1965 are composed of 90% silver. Back when they were circulated, that quarter was worth 25 cents due to its content and not what was stamped on it. Today’s coins are the opposite. They are worth their face value based on the proclaimed value. In reality, their melt value is a fraction of what they are assumed to be worth and exchanged for. Here’s the comparison:
Continue reading Budget a little strained? Invest in Gold and Silver, the only way to preserve your wealth!!
Doylestown Gold Exchange is moving to Cross Keys within the next month. We are excited to say that our new address is 812 N. Easton Road Doylestown, PA 18902. We will be taking over half of Poor Richards with our entrance to be on the Cross Roads Bakery side. We are very happy to moving to a great center so we can continue to serve Doylestown and the surrounding communities. We hope to be in by the middle of February, but if we are not in when you stop by, please visit our current location or call us so we can take care of you!
Continue reading Doylestown Gold Exchange is Moving to Cross Keys Plaza!!
Gold and silver being used as currency can be traced back hundreds or even thousands of years. There is a reason that these two metals were viewed as having a value above all others in almost every time in our history and around the world. Our currency was originally backed by gold and silver, so that for every dollar or coin made, there was physical gold and silver to back it up. If you look at an old $1 silver certificate, you will see that is says “Payable in silver coin to Bearer on demand.” This means when our currency was backed by these precious metals, you could walk into a bank and get a dollar’s worth of silver for that $1 note!
Continue reading Coins, Coins, Coins, Coins