Massive fraud, universal deceit, blatant corruption. These are not days for the faint of heart. Physical silver can help you to financially prepare for what is yet to come.
Silver/Gold is NOT AN INVESTMENT. The purpose to buying is not to wait for a higher price and then sell.
It is a simple and pure storage of wealth. In 1920, a $20 gold coin could buy you a nice suit while at the same time, a $20 Bill (which could be exchanged for that gold coin), would buy you the exact same suit.
Today, a $20 gold coin will STILL buy you that same nice suit whereas a $20 bill won't even buy you a nice tie.
It stores wealth. It keeps value. Fiat currency DOES NOT.I intend to acquire gold and silver (platinum? copper?), but surely the intent in doing so should not be to simply hoard it, or trade it for paper money later, but to use it to trade with other like minded people, to get off paper money like we must get off oil.I own physical silver. An interesting confirmation of this video could be seen on 12/15/2010 on 'Fast Money'. The regulars lambasted Peter Schiff and then went on to defend JP Morgan whom Schiff never mentioned. All he mentioned was buying silver and precious metals. Coincidence or damage control? Decide for yourself, I always do.
2 years ago
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