Have you ever heard of a gold bank note?
Some refer to it as a gold note, some just refer to it as a gold bank note, but either way it once represented gold in earlier times.
What exactly could you do with them, and what do they mean to us today?
Keep reading this entire article to find out what these notes meant then, and what they mean now.
What is a Gold Bank Note?
In order to understand how money worked in earlier days and how it works now, it’s important to learn some history regarding coins and currency.
If you were to take a trip back in time to the 1870’s what would you learn about this gold bank note? This note was actually redeemable for gold which is probably a new concept to most of you reading this right now.
That is okay, because rightfully so. We only think in terms of the exchange of gold in terms of coin or gold bars, and while it’s a foreign concept to you and me, it did exist at that time.
Think of it like a ticket that you turn it to redeem for a concert, a train trip, or even your flight. The idea was the same, except for the fact that you would turn it in to redeem for gold in that amount. Novel idea right?
So, what were the denominations for this bank note?
The notes were redeemable for gold in the amount of $5, $10, $20, $50, $100, and even $500. Think it’s a good way to get gold?
Of course it was, and it was smart to see what denominations in gold were going out of the banks. At one point, even $1,000 notes were made, but they were never put into circulation.
Why is this important for you to know?
If you were fortunate enough to have family that passed their gold bank note down to their children and down to their children, then you know they are worth quite a bit today.
Those that are most valuable are those found in the higher denominations, because those were the notes that were only held by the wealthiest.
One of my Favorite in the World of a Gold Bank Note
Those of you who have studied the history of gold know that it’s at an all-time high and for good reason. The value of the US dollar has been driven down with our economy in such a poor state which naturally drives up the price of gold.
This is one reason why folks are considering selling off the notes and other valuable items their family has saved for them-the need for MONEY.
With that being said, many of these notes are in poor shape, but that also comes with the lack of appreciation of the rare and delicate, and the things we can no longer hold in our hand.
So it is that people are selling off their gold and silver jewelry, some with precious value far beyond what one would receive back in cash.
Are you getting the point with me?
I guess my article’s purpose is two-fold; I want to consider what is happening in our country, but also why the value of the gold bank note is so amazing.
The value isn’t what you would receive in cash, and too, it’s important for you to know that you should be buying physical gold anyhow to prepare, because in the future the cash you get now won’t be any good.
Bypassing the Gold Bank Note for Good Reason!
So, why should you not consider selling that gold bank note?
Hmm, okay keep in mind that what your family has passed down to you is more valuable than anything else you could ever do.
Even if you do sell it, keep in mind that it would be wise to use the cash you receive for buying physical gold then.
While you may not understand this now, I want you to consider that putting your hands on physical gold is the best thing that you could do.
I can teach you more about gold, its value now, and how it will affect us in the future now. It’s important for you to know. I can also sell you gold, that you can see, and that you can hold into the future to protect yourself.
Are you ready to learn more about protect your future and how gold does play into this? Forget that gold bank note, it’s too precious and you can CLICK HERE to find out why I am right!
Tags: Gold Bank Note