Sunday, January 11, 2009

Gold & Silver

I do not trust what is happening with the dollar. The Federal Reserve has continued to print more an more currency not backed by anything but people putting their trust in small green pieces of paper.

All of these government bailouts you may be hearing about...seems to me full of arrogance and hubris. All these billions of imaginary dollars printed from thin air.

Each imaginary dollar printed decreases the buying power of the money already out there. And this cycle won't stop until people no longer put their trust in it. Eventually, the bubble will pop, and I anticipate it having a knockout punch to the economy of the United States.


Once the dollar crashes, everyone will come running to the "safe haven" of precious metals, but by then the buying power of gold and silver will have skyrocketed. Time and time again, when a government has gone off the gold standard this pattern has repeated itself.

Gold and silver will take the cake as they always do.



That is one reason why my intention is to build up a gold and silver reserve. This year, I would like to contribute a few hundred dollars to investing these metals every month. Growing this until I will eventually be converting thousands of dollars into these metals at a time. The more I collect, the stronger the magnet will be in attracting more gold and silver.



I intend to make this a solid, continuous, and ongoing habit-strengthening the holdings every month until I eventually need to store them in various third party vaults around the world.

There is going to be an immense transfer of wealth in the upcoming years, and I intend to be ready for it.

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