Gold Losses and What to Do About Them: You might have heard that “All that glitters is not GOLD” but sometimes it’s the GOLD that betrays you. Investing in Gold appears to be a bright idea but knowing the insights would make you understand the thing much better.
Gold Is Useless
The biggest flaw of this metal is its yellow color. Almost two third of the jewelry in the world is made up of gold. Other than jewelry, use of gold is mostly in dentistry, electronics, and some other application that involve not more than 5% of Gold usage. While other precious metals like copper are just been limited to their usage at industry. Silver, platinum, and palladium, all are of much importance and find applications in catalytic converters and electronic.
24 Carat Gold Price & Other Gold Exchange Price
One thing the people are mad about is the fluctuating rate of gold. Actually United States dollar was backed by gold. The reason is that all major currencies had their value pegged to gold. Its pegging that’s working, not the gold.
Gold-Backed Money
Other metals are just limited to industrial usage. That would really mean that a country’s economy is situated somewhere in physical piles of gold. What is the use of that gold that is just kept in the bank vaults? Fiat money, being totally useless outside the context of a monetary system, is an ideal thing for banks to hold in reserve. Clashes between gold-as-money and gold-as-commodity just encourage people for the smuggling of gold.
Not really a Value
Gold has no set value and is simply a tie to the currency. The article contrasts this with stocks, which it considers preferable due to their dividends, earnings, and cash flow. Well, this point is also easy to refute: right now, the majority of stocks are losing money. Perhaps those stocks are “easier to value” due to their dividends, but this is having zero effect on whether or not they are good investments, and it would seem that gold is currently the investment with the greater pay-off.
Lawyer, Attorney’s & Law Firm Powers
People invest in gold and most of the times, they are betrayed and their gold is lost through frauds. History is full of scandals in which very famous people lost their gold. But the thing is that how you can recover your assets after being trapped. You surely need to understand the powers of an Attorney, a good lawyer or a law firm. Yet it’s important to consider how much worse the situation would be if you face some serious situation, a fraud or a criminal case.
Your best bet is to hire an attorney. Collection agencies often use the same tactics you’ve already tried – mail correspondence and telephone calls; and they frequently get ignored just the same. People have learned that agencies will usually just keep trying to contact them forever, without taking any real action so they toss their letters aside and send their calls to voicemail or even block their phone numbers. Eventually the agency you hired may even sell your debt to another agency, then that agency will simply send letters and make calls just like the first one. All while you never see a penny of your money. An attorney is generally more effective at debt recovery because they are taken much more seriously than an agency. Lawyers will initially attempt to contact your debtor by mail and by telephone but then if that’s unsuccessful they will move swiftly to take legal action.
So hiring an attorney or litigation lawyer is a good option rather to recover your investments back.
Stay tuned for more…
