There are several reasons for looking gold exchange near me. In 2008, world face with the global crisis. This crisis start at USA and spread to whole world especially to European Union. This crisis showed that, currencies are not trustable because currency is not a real thing. Central
banks print unlimited money since the fractional reserve banking approach was accepted. This system makes the currencies unstable. Either currencies could be increased sharply or decreased dramatically depends on the politics etc. To avoid to be affected from this sharp increases or decreases, investors should invest the real things such as precious metals like gold, silver, platinum etc. To understand the risk of the investing currencies, you must understand the fractional reserve banking.
Fractional Reserve Banking
Fractional reserve banking allow the banks for holding the only 10% of the amount of printed cash in customers’ bank account. This means that, if you deposit 10,000 $ in your account, bank will have to keep only 1,000 $ cash in the account. Banks give the other 9,000 $ as a loan to other customers. This situation created the fake money because people who get loan buy –for example- car and the money will be deposited to bank by the former owner of the car. This money circulation creates fake money, and this money creation process depends on the loans. This system caused crisis at some point in the past and going to cause crisis in the future. In time of crisis, if you have investment as a gold or some other precious metal, you can search on internet for gold exchange near me and you can easily get cash for your gold. Also, in time of crisis, when the stock exchange value of the currency is depreciating, exchange value of the gold increases.
Gold as a Jewelry
If you want to buy someone a precious jewelry, gold is the best option that you can buy. In time of need, you can sell your gold to local or online dealers. There are lots of dealers at the every corner in the country and you can easily find them by searching on the internet as gold exchange near me. Jewelries could be worth much more than you thought. Fair dealers can give you high amount of cash for your jewelries. Because of these reasons, investing gold instead of the currencies is more rational decision that you make in the future.
