Friday, July 11, 2008

How to Preserve Your Savings with Silver & Gold

Gold, Silver and Money: What is a better store of value?

Historical Chart of Silver to Gold

In Canada, Scotiabank has gold and silver certificates (here) which are backed by
real gold or silver that the bank owns. This is one way of preserving the
value of your savings.

Another way is to buy gold itself and store it in your home or safety deposit
box. Gold is better for this purpose because it stores much more cash value,
than silver. Then of course security is an issue. A safety deposit box is
more secure but you can't get access to it during major emergencies, so
you should also have gold on hand for that purpose as well.

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