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Does Gold Stand the Test of Time?

Does Gold Stand the Test of Time? Hear from Ed Moy

August 26, 20211301 view(s)

For the past five years, the United States Gold Bureau has held an exclusive partnership with the 38th Director of the U.S. Mint, Edmund Moy, to hand-sign newly minted American Eagle series investment grade coins. Fortunately, for us at the United States Gold Bureau, we get to see Edmund Moy in person from time to time.

In a recent sit-down conversation with Ed Moy, he shared his deep family connection with precious metals, noting their cultural significance along with their value in an ever-changing political landscape in China. Generations of Ed Moy’s family have dealt first hand with the uncertainty different leaders can have on a population and explains how precious metals have helped endure great strife through the rise and fall of political leaders.

In this interview with Michael “Miles” Standish, the co-founder of Collectors Universe and Vice President of the Numismatic Guaranty Corporation (NGC), Ed gives a personal story about how his grandfather gifted his parents wearable jewelry at their wedding. The gifts included a necklace and a bracelet that carried ten gold coins.

In the interview, Ed Moy notes the differences between Western and Eastern interpretations of receiving a gift of precious metals. From a Western perspective, one would take this gift as a welcoming wedding gift to the family. From an Eastern cultural perspective, this gift carries an even deeper meaning. Let’s hear directly from Ed Moy on the true meaning of such a gift.

“What my paternal grandfather was saying was, my family, survived the fall of Imperial China, and the rise of the warlords… the fall of the warlords, the rise of the nationalists… the fall of the nationalists, the rise of the communists… and all through that time, through multiple banking systems, multiple currencies, the Japanese Invading during World War II… and so what my paternal grandfather was saying is… I want you to wear enough wealth around your neck and your wrist so that if you had to run out of your house because you were being attacked, you would have enough money to keep my family line going.” 

Seeing his mother’s necklace was one of Ed’s earliest memories of precious metals. Ed remembers looking at his mom’s necklace and knowing there were only a few coins left, from when she had to sell them, funding the way from Hong Kong to begin a new life in the United States.

Ed Moy’s story is the foundation of his passion for precious metals today and affirms how gold can preserve your buying power and continues to reign for thousands of years.

Gold can be found all over the world and has been recorded in almost every culture. The earliest records show that gold flake was found in caves as early as the Paleolithic era, around 40,000 B.C. From the first records of human civilization, gold has continued to be alongside humans as either a currency, status symbol, investment item, or treasure to keep for a lifetime. 

Why are you waiting? If you are looking to invest in gold, it’s essential to find a dealer you can trust and find an investment that is right for you and your future. 

Watch the remainder of our time with Ed and hear about the rest of his family story. We also touch on his time as the 38th Director of the U.S. Mint.

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