Monthly Archives: August 2020

Don’t Wait: Invest In Gold And Silver Now

I had coffee with a friend today and was asked,” when do you think the housing market will rebound. By fall maybe?” I wanted to holler, WAKE UP the housing market isn’t coming back, the US is going to default on their debts and your “almighty” dollar isn’t worth the paper it is written on. America is slumbering and needs to come alive and realize what is happening to their country and their economy. We have enjoyed false prosperity for many years, borrowing from our children and grandchildren’s future and now it is time to face the proverbial music.

I also had to pleasure to speak to a gentleman in his late sixties who has saved and been wise with his retirement. He probably has a couple of million dollars put away for his retirement. He understands that social security is bankrupt and that he can’t count on it to maintain his and his wife’s lifestyle when he retires. However, all of his retirement is in US dollars. What is he to do? Invest in the Euro – certainly NOT! The European Union is in a similar crisis to the United States. With Greece having to implement “austerity measures” to ensure continued money from the Union their people are in an uproar. There are riots, violence and unrest nationwide as their population retaliates against the lifestyle changes necessary to begin a financial recovery. Combined with countries like Germany who don’t want to give any more money to Greece and their people’s dissatisfaction, they are in a catch 22. Let Greece fail, watch Spain, Ireland, Italy, and Portugal follow and what is left of Europe?

The United States is in a similar predicament. Continue printing money or default. No longer can we even afford the interest payments on our debt and our favorite “friend” China doesn’t want to help us out anymore. So what are our options? Print money to pay the interest on our debt or default. What would you do if you were in Washington and wanted your job back next election? You guessed it! So what are the repercussions of this money printing?

Really, what is the harm in printing money if it keeps our economy afloat? Well – let’s look at this from a normal household perspective. Our dollars must pay our houses, cars, utilities, and food. As the Fed prints more money, each dollar becomes watered down, it becomes worth less and less. So everything we try to buy with that dollar costs more, and this is called inflation. The average American is making less and it is costing more and more to live. Our food prices have skyrocketed and will continue to do so. The average American family can’t even afford to eat well, much less eat healthy. What are we to do?

If you have anything saved in retirement plans get OUT OF IT!!! Borrow against it and convert it to Gold or Silver. Silver has increased 560% in the last ten years and gold over 477%. These precious metals are cheap right now and will only increase in value. If the dollar tanks, and it will, this is your only hope. Don’t wait! Gold and silver are quiet right now. Not garnering anyone’s attention. It is summer, and historically they are stagnant in summer. They traditionally rise from September to April. Get on board now before they begin to move again. Most wise financial investors believe silver will be over $200/ ounce within the next couple of years. Guess what? It is in the low $30’s right now. This is a no-brainer folks, get on board now before you regret for generations to come being stuck in the defunct US dollar.

Now for those of you who say you “can’t afford” it. Sell anything you can, borrow against any savings or assets you have and get on board NOW. Do NOT wait. If you are reading this, this is your chance to act. Even in India, the poorest of the poor, find a way to invest in gold. Speaking of gold, if you can afford gold diversify and include both silver and gold coins in your asset protection plan. Diversify and protect your assets now. Be wise, see and understand the signs of the times and don’t stick your head in the sand. Hold it high and confidently knowing you made the right choices for the financial well being of your family!

Gold and Silver Coins As a Survival Cache

Gold and silver coins are the primary way to stock up on recognizable assets that you will be able to use in the future if for some reason or situation arises where you will not be able to use the printed money from your country to buy food or provide for your family.

The price of both gold and silver are relative to the international exchange rate of your local currency to the U.S. Dollar or the Euro, but that is irrelevant in the bigger picture of things when you look at the buying power of your paper money today and in the future.

If something happens that causes your local paper money to not be accepted by local vendors for daily purchases, then you need to have some sort of higher quality and a “more in demand” type of valuable in your possession to buy the food and water you will need until the government gets back on track which may take a few months to even a year or two.

If you live in a country that is not primarily English speaking, you probably are not reading this right now, but if you are, the best types of gold and silver coins to stock up on are the ones that people from your area will recognize for their international quality and value.

The U.S. Double Eagle and the Canadian Maple Leaf are very recognizable, but the South African Kruger Rand is the standard when it comes to gold coinage for the specific purpose of quality and weight.

Almost all of the gold coins that are produced by government mints are exactly 1 ounce and 90% pure. Traditionally a mint will convert the gold you dig out of the ground into a coin or bar, but they have always charged a 10% fee that is realized in the form of the purity of the final product you receive. The governments and mints try to tell you that they add nickel and copper to make the coin stronger so it will withstand the wear and tear of daily use, but that is a load of bull because I do not know of any place today I can spend gold.

If I walk into a Chevy dealership will I be able to convert 20 gold one ounce Double Eagle coins into a new Corvette? Certainly not; they will send me down to some dealer that will buy my gold coins and then I need to take a sack of cash back to the dealer.

What if things get a bit bad socially or economically and I want that same Corvette and my paper money is worthless? Or at least worthless to the person I want to purchase a product from. Then I need to have a type of commodity that has a value above and beyond the value of the worthless paper.

This is just an example, but for three to four generations the American society has been taught to save their money, their paper and copper clad coins. These do not have any true or real value. This type of currency is worth less than poker chips and they cost about 4 times more to produce. Yet our children are banking them and hording them like they will be their salvation at some point in the future.

I personally do not think the banking system will collapse as bad as the dooms day people say, but I do think there will come a time when gold and silver will be a great investment for safety and security.

What, that time is now. In the mid 90’s I was buying silver coins as stock silver from coin dealers. They were in bank bags and weighed 52 pounds per bag. When silver hit over $40 per ounce, I was not disappointed at all.

At the same time gold was very high at $285 per ounce so I am not too upset that I bought Double Eagles and Kruger Rands by the pound also.

Even though the relative price of gold and silver looks like it is very high today, the truth is that the value of both metals is mostly relative to the buying power of your local currency. If the price of gold seems like it is up, that only means the value of you paper is down and the price of a loaf of bread or a gallon (or liter) of mil is up also and probably exactly proportional to the price of gold.

The value of precious and industrial metals is pretty much constant over a long period of time and they are the best way to preserve and protect your buying power when you do not know or have a concern about the value of the paper you are holding.

This is why countries and governments mint gold and silver coins in the first place. The value of their paper money is only as good as the way people feel about their money. Not the actual value, the way people feel about the value.