Monthly Archives - May 2017

May 2017

The History of Your Silver IRA Coins

The Return to Lydia You might remember that, when we explored the history of gold coins, we began with the Kingdom of Lydia. It’s not just gold that got its first use as a form of coin-based currency in this ancient, iron-age country - silver coins were also among the first thought to be used here, too. It was the innovative use of gold and silver coins in Lydia that introduced the idea to the wider world, with the use of...

LCR Coin Asks: Can You Predict a Recession?

Low Consumer Confidence A telltale sign of a recession is that consumers simply stop buying. They may not stop altogether, but in rough financial circumstances, everyone is forced to tighten their belts. Most often, this means that the average consumer will restrict themselves to essentials in terms of what they spend their money on, meaning that wholesalers and retailers lose out on an immense amount of profit. The US economy is made up of consumers by an incredible margin of 70%,...

Your Gold IRA – Historical Gold Coins

The Kingdom of Lydia Unless you’re an enthusiastic history buff, you have likely not heard of Lydia. Lydia was an iron age kingdom that once existed where the modern country of Turkey exists now. It is generally accepted that Lydia was the first to create and use gold and silver coins. Considering that this is thought to have been around 12 BC, it is a little hard to verify completely, but chances are the assets in your gold IRA are descendants...

What is a Recession? Precious Metal Investment – Pt.2

Falling House Prices and Falling House Sales In the last major recession - beginning in the US in 2007 and rippling out globally into 2009 - perhaps the most important factor in what causes it was the bursting of the housing bubble in the US. The push to lend more and more people money for mortgages they couldn’t afford to pay back in the early years of the 21st century meant that people were buying homes just to sell for profit...

What is a Recession? Precious Metal Investment – Pt.1

What Does It Mean? What’s the specific definition of the word “recession”? In terms of the economy, a recession is a marked, significant decline in activity that lasts longer than just a few months. Once a recession has taken hold, its effects are seen across a swathe of vital pillars that hold up an economic framework - employment, income, industrial production, and trade in wholesale and retail. Unfortunately, recession is a fairly normal, regular part of the overall business and economic...

What is Fiat Money? LCR Coin Explains

What Is It? For those who aren’t familiar with finance, the name “fiat money” might sound cryptic, but the explanation is fairly simple. Fiat money is money that has no built-in value of its own but has been declared legal tender by the government. While the paper dollars you carry in your wallet, purse, or pocket are worth a certain amount determined by the current economic climate, in themselves, they are worth nothing - just pieces of paper (or, more specifically,...

The Stigma of Precious Metal Investment

1. Precious Metal Investment Is For Paranoid Survivalists Addressing the most pernicious and damaging myth first - many people associate investing in gold or silver with someone convinced the end is nigh, likely stashing it in an underground bunker in their backyard. With the increased exposure of the stereotypical paranoid doomsayer, mainly thanks to TV and the internet, and popular culture in general, it’s become easier than ever to write off anyone who stockpiles in case of an emergency. The truth...

Past Economic Shocks And Precious Metal Prices

The Great Depression Starting with perhaps the most famous economic event - The Great Depression. For many people, even those born many years later, the Great Depression is a familiar benchmark for economic disaster. The massive stock market crash of 1929 sent personal and corporate wealth into a violent and shocking freefall. Unemployment numbers rocketed out of control, and the US entered an almost 20-year economic downturn, only climbing out following the end of World War 2. There were a lot of...

Buying Gold? How Gold Became Currency

Buying Gold and Why Gold Became Valuable These days, buying gold isn’t as common as it once was. With the loss of the gold standard and the proliferation of paper currency, few people give thought to how gold became one of the most lasting currencies, and measurements of value, in the world. For thousands of years, gold has been used all over the world in trade, even without the gold standard. If you’re considering buying gold, or even silver investments, Home...

The Gold Standard and Your Gold IRA

Your Gold IRA: What Is the Gold Standard? In considering a gold IRA or precious metal investment, you have likely come across the term “gold standard” a number of times. If you are new to investment or finance, particularly in relation to buying gold or silver investments, you may not know exactly what the gold standard is, or even that it is no longer used. Home Stored Gold IRA, in using this blog as a tool for educating potential investors,...