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IPFS News Link • Gold and Silver

Is Ignorance to Blame for Gold and Silver Not Skyrocketing Yet?

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In a viral video, Dice asked random people on the street which they'd rather have, a $20 bill or a one-ounce gold coin. With videos like these it's impossible to know how many people he asked who opted for the coin since those clearly didn't make it into the final cut, but it's still amazing how many Americans took the fiat cash. In fact, Dice even reduced the offer from $20 to $10, then from $10 to $5. Everyone in the video still took the cash.

A one-ounce gold coin can sell at a coin shop for $1800 or more. Watch:

Both gold and silver have jumped up nearly 10% just since the beginning of October. Genesis Gold Group, a faith-driven precious metals company, has seen a tremendous spike in interest this month as more American are choosing to move their retirement accounts to self-directed IRAs backed by physical precious metals.

"The writing on the wall is plain to see," said Jonathan Rose, co-founder of Genesis Gold Group. "With everything that's happening across the globe and here at home, more Americans want the financial higher ground that physical precious metals provide."