I love Gold and all Precious metals. I agree with this video. You need to buy as much of the precious metals that you can get your hands on. I was lucky to be referred to a company called Empire Wealth Management Group they made me alot of money.
@DillonX Thanx for bringing this up Dillon!!!. where would u get gold and silver tested???. and should u even be buying gold in the u.s???. don't u.s dealers have to turn your name over to the government???.
Hi thanks for watching. The reason why someone would sell gold for fiat currency is the fact that there are legal tender laws. If a gold dealer wanted to pay their employees with gold, most likely the government would go after that dealer for tax fraud or some other charge. Governments and Central Banks don't like competition so they put laws in place to make it difficult to use alternatives for every day transactions.
(continue) Another reason why someone would trade gold for fiat currency is the convenience of using fiat currency because of governmental laws. If there weren't any legal tender laws history has shown that gold and silver would be preferred over fiat currency by most individuals. I hope this answers your question, thanks again for watching.
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abesevenwords 1 year ago
I love Gold and all Precious metals. I agree with this video. You need to buy as much of the precious metals that you can get your hands on. I was lucky to be referred to a company called Empire Wealth Management Group they made me alot of money.
Goldsilver36 1 year ago
So many Americans have been tricked into buying so-called gold which is really only tungsten which is gold plated.
If you insist on buying gold - ALWAYS INSIST ON PHYSICAL POSSESSION AND YOU MUST HAVE IT TESTED.
DillonX 2 years ago
@DillonX Thanx for bringing this up Dillon!!!. where would u get gold and silver tested???. and should u even be buying gold in the u.s???. don't u.s dealers have to turn your name over to the government???.
myleftnutts 9 months ago
Mike Fuljenz is a scam artist, universal coin is a rip off, they swindle old people out of thier life savings.
VTRN1 2 years ago
well done
peanutscoins 2 years ago
if gold is so great....then why would you want fiat dollars for it....keep your gold if it preserves wealth so well....
clev9980 2 years ago
Hi thanks for watching. The reason why someone would sell gold for fiat currency is the fact that there are legal tender laws. If a gold dealer wanted to pay their employees with gold, most likely the government would go after that dealer for tax fraud or some other charge. Governments and Central Banks don't like competition so they put laws in place to make it difficult to use alternatives for every day transactions.
thegoldbardottk 2 years ago
(continue) Another reason why someone would trade gold for fiat currency is the convenience of using fiat currency because of governmental laws. If there weren't any legal tender laws history has shown that gold and silver would be preferred over fiat currency by most individuals. I hope this answers your question, thanks again for watching.
thegoldbardottk 2 years ago