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[…] Safe Haven Metal company logo of a shield with the letters "SHM" as the body, and the company name in over under format, silver and gold colors
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Gold Quiz: Money-Bullion

This gold quiz tests your gold smarts. Plus, trivia is just good fun. These gold quiz questions are a combination of facts from our materials to test your smarts. As well as some random fun facts that we have come across and thought you might enjoy too.

Gold Quiz Question 1

What is a safe haven asset?
A. An asset that only goes up in price.
B. An asset that has high liquidity.
C. An asset that is expected to hold its value during economic uncertainties.
D. An asset that has low volatility.
E. All of the above.

Answer

This was kind of a trick question, because while the other options may be characteristics of a safe-haven asset, that is not why people view them as such, thus the most correct answer is C.

Gold Quiz Question 2

Which of the following carries the label Tier-1 Safe Haven Asset according to the Central Banks?
A. Precious Metals Mining Companies
B. Physical Silver Bullion
C. Physical Gold Bullion
D. Gold ETF’s
E. All of the Above

Answer

Only physical gold bullion is classified as a Tier 1 safe haven asset because it carries zero counter party risk and has low volatility.

Gold Quiz Question 3

What is a premium?
A. The price of precious metals before it is mined, refined, and distributed.
B. The interest earned on Gold Stock
C. The total price paid for a gold coin or bar.
D. The price added to spot accounting for mining, refining and distribution.
E. None of the above

Answer

The premium is the cost associated with making metals into a finished product like coins and bars, plus any additional fees for doing business. Making the most correct answer D. Read more in our article on premium.

Gold Quiz Question 4

What factors POSITIVELY effect precious metal prices? (Select all that apply.)
A. Inflation
B. Peace
C. War
D. Political turmoil
E. Interest rates
F. All of the above

Answer

A, C & D these demands help support precious metals. People flock to safe haven assets during times of uncertainty.

Gold Quiz Question 5

True or false:
Gold American Eagles are the only coin outside of the IRS purity standards to be allowed inside IRA accounts?      

Answer

American Eagles are eligible for Gold IRA accounts despite their .9167 purity being outside the IRS purity requirement of .995 for other gold products. As discussed in our article on American Eagles.

Gold Quiz Question 6

Who is the single largest owner of gold?
A. India
B. Germany
C. China
D. USA
E. Italy

Follow up question:

Who is the largest possessor of gold?
A. International Monetary Fund (IMF)
B. World Gold Council
C. Central Banks
D. The G-20

Answers

The US is the single greatest holder of gold at 8,133.5 tonnes, while the Central Banks possesses over 35 metric tonnes.

Gold Quiz Question 7

True or false:
Safe Haven Metal LLC offers free insured shipping nationwide?

Answer

If you don’t know that answer then you don’t know Safe Haven Metal! We offer free insured shipping nationwide.

Gold Quiz Question 8

What is spot price?
A. The price of precious metals before it is mined, refined, and distributed.
B. The price of Gold Stock
C. The price paid for a gold coin or bar.
D. None of the above

Answer

This was a harder one, because spot price is the continually fluctuating price of precious metals before the premium is added to account for the mining, refining, and distribution of coins and bars. Therefore the most correct answer is A. Learn more in our article on spot price.

Gold Quiz Question 9

What is the total amount of United States currency notes (paper money) in circulation in the world?
A. $900,000,000,000 (nine hundred billion)
B. $300,000,000 (three hundred million)
C. $1,000,000,000 (one billion)
D. $5,000,000,000,000 (five trillion)

Hint: Warren Buffet could probably make it work.

Answer

31 U.S.C. § 5115 (“(a) The Secretary of the Treasury may issue United States currency notes. The notes-(1) are payable to bearer; and
(2) shall be in a form and in denominations of at least one dollar that the Secretary prescribes.
(b) The amount of United States currency notes outstanding and in circulation-
(1) may not be more than $300,000,000; and
(2) may not be held or used for a reserve.”)

When Bill Gates and Warren Buffet were going around convincing other billionaires to give away almost all of their fortune to charity, Warren once quipped that he should write a book about how to live off of a half a billion dollars to teach the billionaires they could survive. But if you think about it, it’s actually pretty hard to spend that much money. You only need so many houses and cars… and islands.

Gold Quiz Question 10

What is the smallest official increment of United States money?

Hint: Gas stations love this game.

Answer

31 U.S.C. § 5101 (“United States money is expressed in dollars, dimes or tenths, cents or hundredths, and mills or thousandths. A dime is a tenth of a dollar, a cent is a hundredth of a dollar, and a mill is a thousandth of a dollar.”)

So at the gas pump, when they charge you $5.99,9/10 that was not them being cheap, but being really smart!

Okay, cheap too.

Gold quiz Ben Franklin comments on the thousandth as the smallest unit of money.

Conclusion

But the real take away is they were making the law work to their benefit. There are laws in this world that we would never think to look for and yet they impact all of us daily. By knowing what is happening with these laws and when they occur, you know what to do before the masses do. What are we talking about? If you have not already read our Special Report Central Banks, you really need to do so now, and you will know exactly what we are referring to. Then you will be well equipped with powerful knowledge, just like so many of our other customers are, that have read this free report.

The education gained from this special report just may save your entire life’s savings.

Simplified Short Version of Terms and Conditions of Website

This is only a simplified version of the full terms and conditions, it is intended as a quick overview regarding the things as people are most commonly relevant to us.

This website is governed by the full terms and conditions.

Purchase and sales agreements are separate, and provided in different links found on the footer. 

Consent to Contact

Submitting your contact information on any of our contact forms and or calling or emailing Safe Haven Metal is a grant of consent for us to contact you via telephone or email. This consent is a waiver if you are on the do not call list registry and any email shall not be considered spam or unsolicited. Safe Haven Metal will contact you to discuss your needs and no other use of your contact information will be engaged in by us. We do not sell your phone number or email information to anyone.

Please review our Privacy Policy and Cookie Policy for opt out procedures and additional information. The bottom line is that we do not like it when companies sell our information so we will not do it to others.

AML POLICY

Due to Anti-Money Laundering (AML) Policy restrictions and guidelines, we do not accept physical paper money (cash) for purchases. If you do not know what the AML is, you really need to look it up, as it applies to everyone.

As a financial institution, Safe Haven Metal is AML compliant.

PAYMENT OPTIONS

For products that will be delivered to you directly these traditional forms of payment are accepted: bank wire (we prefer this one), cashier’s check, ACH; also IRA is acceptable but that has tax consequences for you.

For products that will be stored by a third party (depository), IRA, 401k, Pensions, Retirement Account, etc. (see full list on Gold IRA page) are all acceptable forms of payment.

We do not accept credit card payments, cash over $10,000 and we do not accept cryptocurrency, we are happy with our real gold.

BUY BACK POLICY (from the purchase agreements)

Safe Haven Metal (SHM) is prohibited under the law from guaranteeing to repurchase Precious Metals that SHM sells, and SHM does not guarantee that it will repurchase any Precious Metal item that Client may purchase; what SHM extends is the possible availability as a buyer at a later date. If and when Customer desires to liquidate, simply call SHM and let SHM know you are ready for SHM to exchange for cash the Precious Metals purchased from us subject to the following procedure that must occur:

i.)         Customer ships the Precious Metals products originally purchased from SHM for inspection because the buy back offer is only for the exact items purchased from us, inclusive of exact condition; and 

ii.)        The cash value of buy back will be at or near Spot Price at the time when we have examined the product to ensure it passes inspection (which is at our or our designated inspector’s sole good faith discretion as to current condition compared to documented condition when originally purchased); 

iii.)      A new agreement is then presented by SHM to Customer reflecting Spot Price and conditions quantities much like this Invoice; the offer is valid for 24 hours after inspection approval and new agreement sent; 

iv.)      Once signed and returned to SHM the money is then released to you within 72 hours; if Customer rejects the offer then Customer must pay for return shipping costs and the product will be returned to Customer. 

v.)          There is no fee on buy back, as that fee is part of the initial purchase Agreement with us as a part of our consideration to be available for your needs at a later date, consistent with this whole paragraph.

Risk Disclosures

Investing in everything is a risk; values fluctuate, sometimes going up, other times down; no one can predict the future; that is why diversified portfolios are usually recommended. The best anyone can do is make informed decisions and see if correct over time, therefore do research, do your homework. Do not invest more in precious metals than you feel comfortable with after informing yourself. Read your contract; ask your attorney to review it. We strive to do right and help others, if you do not understand something then ask us. There are no guarantees, other than doing our best for you.

DISCLAIMER

Our communication of portfolio is intended as Oxford Dictionary defines “portfolio” as: “a range of products or services offered by an organization, especially when considered as a business asset” and Oxford defines “analysis” as “detailed examination of the elements or structure of something”.

All information provided on this website is the opinion and property of Safe Haven Metal LLC. All customers and potential customers are encouraged to do independent research, educate yourself and make informed decisions. Then you can make the best decision for yourself. Once you have done your diligence you will see that Safe Haven Metal LLC truly does have our clients’ best interests in heart. We would not encourage you to go look around elsewhere if we were not confident in what we offer and provide.

NOTICE: Any images of persons on our site are from professional models obtained through licensing of various companies.

Full Terms and Conditions

The full terms and conditions control over this simplified version. This is intended as a quick reference point only. You can access and read more on the full terms and conditions page.