Sunday, May 21, 2006

Did you know...

I thought it would be fun to share some things that I found really interesting lately.Tell me what you think.

Did you know...
That platinum is not a pure metal but is a junk mixture? It actually has very little fair market value. It caused me to wonder why people would spend so much money on it, but the reason of course is deception. Most people believe that it's more valuable than gold.

Interestingly enough, when a gentleman came up here from Louisiana during hurricane Katrina, he went one our local branches and tried to get a loan on some expensive jewelry that he had purchased for his wife that was set in platinum. He was told that they could not help him. But that if he had gold jewelry, they would be willing to do an exchange. This man was able to secure a cash exchange instead of a loan for some rings he had purchased for his wife. Why?--Gold backs the monetary value of the dollar. Banks are always willing to buy gold. Now some one needs to tell all those other people that the platinum jewelry they have is beautiful and valuable really only to them. It's one thing to buy it knowing that fact, but a whole other buying platinum without that knowledge.

What do you think?

Be Blessed.


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