Soviet gold and silver jewellery, once again, prove to be the best investment when your country is in crisis. They've done so during the global financial crisis of 2008-2011 and they are doing it now in 2014. How and why?
Ukrainian currency (Hryvnia) along with the entire economy is plumbing towards full collapse. In these last months the exchange rate between Hryvnia and US Dollar went from 8:1 to 11:1
To save their money Ukrainians are buy up hard movable assets. Gold, as usual, is at the top of everyone's list. Soviet gold jewellery is being bought and sold on daily basis on local online auctions like "VIOLITY". Although prices on such collectibles have fallen over all, they are still close to average for the region. It is unquestionable that gold and silver will lose value far slower than paper currency. Soviet gold and silver might not loose value at all since these items can be sold in neighboring countries for full value.
We advice all residents of Ukraine to buy gold and silver as a way to protect yourself from declining economy.
Ukrainian currency (Hryvnia) along with the entire economy is plumbing towards full collapse. In these last months the exchange rate between Hryvnia and US Dollar went from 8:1 to 11:1
To save their money Ukrainians are buy up hard movable assets. Gold, as usual, is at the top of everyone's list. Soviet gold jewellery is being bought and sold on daily basis on local online auctions like "VIOLITY". Although prices on such collectibles have fallen over all, they are still close to average for the region. It is unquestionable that gold and silver will lose value far slower than paper currency. Soviet gold and silver might not loose value at all since these items can be sold in neighboring countries for full value.
We advice all residents of Ukraine to buy gold and silver as a way to protect yourself from declining economy.
Screenshot Copyrights © Violity Auction & Antiques / www.auction.violity.com
Disclaimer: We have no vested financial interests in these sales. All statements in this report are an opinion. Act at your own risk.
Report by
Soviet Jewelry News
www.SovietJewelry.com
Disclaimer: We have no vested financial interests in these sales. All statements in this report are an opinion. Act at your own risk.
Report by
Soviet Jewelry News
www.SovietJewelry.com
RSS Feed
