Gold at Highest Price Ever

• The Canadian economic is very tied to the US economy


• The Canadian Government is ambitious on devaluing the Canadian dollar alongside the US


• The Bank of Canada has virtually not gold backing the Canadian dollar


• All namely does back the Canadian greenback namely the US USD and other fiat currencies


• The Canadian dollar is not accustom globally

What can we study from this?

Again I sermonize diversification, diversification and diversification. Western countries like the America, Canada, the UK and Australia (did I hear the words 'Perth Mint'?) are NOT safe places to reserve your physical precious metals.

Our preferred gold warehouse situation is still Switzerland. Switzerland is the navel of the globe gold trade, a bastion of reliability, and it is just unthinkable that the Swiss administration would do someone like the Kitco raid.

Singapore is too an upcoming gold storage haven. It isn't yet able to compete with Switzerland on pricing and volume, merely several storage facilities are immediately attempting precious metals storage in the obligation free zone at Changi Airport. Finally, Hong Kong is another good adoption.

In these uncertain economy times, many people are compelled to go harder to make ends encounter. They penetrate their income ebbing away. They struggle to pay off debt, pay down credit cards, and they hope for better periods. It's cursed that many people feel the merely "wreck" they can get in the barrage of debt remittances is if they win the lottery.

But there is dissimilar way. You might have more money sitting nigh your house than you muse! If you have old gold and jewelry lying nigh your house, whether it is broken or in good fashion, you are sitting on a mountain of cash! While you might not want it anymore, other human might... and not fair pledge brokers, either. They won't pay you very much. Send your old, broken, untouched, or unwanted gold to a gold refiner to get top dollar!

Here's how you can get cash for gold, silver, or platinum.

1. Start at looking around the house for jewelry that may embody precious metals like gold or silver. Check your jewelry carton; retard your junk drawer; check your medicine closet; check your suitcase; check among the cushions on your couch; check the box of matter in the back of the locker that you keep meaning to get around to.

2. Go online and find a gold refiner (be sure they are a reputable refiner and not a "intermediary" for a agreeable refiner can pay twice as much or more than a intermediary). A agreeable gold refiner ambition invest a path because you apt mail your gold alternatively silver to them (perhaps via one array fashion online). Additionally, some gold refiners might even come to you if you live within a definite region.

3. Send them your gold. When they get your gold, they will test it for heaviness and purity and they will mail you a price based on the price of gold for that daytime.

4. You will usually have a certain digit of days - constantly a week or two - to resolve whether you want to adopt their payment. If you don't want to, accept their payment, you can send it back and you'll get your gold back. If you do want to accept their payment, they will take your gold and refine it.

What happens to your gold later that? It will be refined and then sold to dental firms or jewelry producers who have an progressive absence for refined gold that they can reshape and use for their specific purposes.

Nothing could be easier and in today's economic turmoil, many consumers are choosing this usage to clean up gold that they just had sitting around anyhow and to corner it into cash that they can use for more essential things.

If you were to look at the historic price for gold, you would be wondered and amazed to see how much it is value right now.