Two reasons why we recommend you should buy gold and silver bullion
Haggai Ch2:8 “The silver is mine, and the gold is mine, saith the LORD of hosts.”
Reason #1
At WY Argent, we believe one reason God put gold and silver in the earth, was that man would have something to use as money, both to store wealth and exchange for goods and services. Gold and silver fulfill the roll of money. Payment in gold or silver is not the promise to pay and settle debt, it is the settlement of debt in full. Gold and silver cannot be created out of thin air, it takes a tremendous amount of energy and effort to get the metals from the ground. These elements are rare and have special qualities such as; most excellent conductors of electricity, extremely durable, and are easily fashioned into various weights and shapes, all of which adds to their intrinsic value.However we currently live in a world of paper (and electronic) money (we call it legal tender or currency), which can be generated at virtually no cost to the one creating it (banking system), though it comes at a cost (usary or interest) to the borrower (governments & public). Paper currency has virtually no intrinsic value, so it's value needs to be guaged against what it can be exchanged for; namely commodities, services, other currencies or silver & gold.
When we see the price, in currency, of 1 ounce of silver rise, what is happening? At one level the silver is getting more expensive, this has some truth, the silver is getting used up in electronics, medicine, photography even investment! So if demand and need rises (especially if faster than supply) so does the price. At another level the 1 ounce of silver hasn’t changed, it is still 1 ounce of silver. So it can also be said that the value of the currency appears to have changed, and it now requires more of the paper/electronic currency to purchase the same 1 ounce of silver.
Therefore, we believe, it is wise to store some wealth in these precious metals, which do not in themselves change over time, and can protect the value of savings from the gradual erosion of currency value (through the increase of paper money supply, no longer anchored to a quantity of rare physical metal).
Proverbs Ch11:1 "False balances are an abomination unto the Lord: but a perfect weight pleaseth him."
Reason #2
The present UK VAT laws require us as a business to keep detailed records of customers buying investment gold (VAT rate =0%). Anyone buying a single purchase of £5000 or over, or several purchases in the year reaching a total of £10,000 or more, would require that we keep a record of; address, D.O.B, what weight, purity and form of investment gold bought, along with copies of ID such as passport and a recent utility bill. The same record keeping applies if we purchase investment gold from a person who does not trade in investment gold. (Smaller quantities of gold can though be purchased or sold, without all the detailed record keeping , just name and delivery address, if the value spent in any year remains under £10,000)However, while there is VAT charged on silver in the UK at present, many of the personal records (described above) do not need to be kept for customers who buy any quantity of investment silver. We can also buy silver from a person who does not trade in silver, without the need to keep all the records required for investment gold.
