Saturday, June 19, 2010

Protect your wealth and make money during the economic collapse

One of the main factors in our impending collapse is the complete devaluation of our currency. Without getting too deep into specifics, our current debt, depending on whose statistics you look at, is anywhere between 13 and over a 100 TRILLION dollars. This is an astronomical and catastrophic debt load many economists say cannot possibly be paid back. Once China and other foreign nations stop financing our debt - and they will - we will either have to further and massively devalue our own currency by printing up vast amounts of money to pay it back, or we will have to default. When you create money out of thin air, that's not backed by an equal increase in productivity, that causes inflation. Prices, especially in food, have already begun to rise. In short, there is going to come a time, very soon, when the pieces of paper in your wallet or purse, backed by nothing, will be as worthless as the paper it's printed on. As a quick example, Zimbabwe experienced this hyper-inflation in recent years, and these poor impoverished people walk around with $50 TRILLION bills in their pockets. Sounds like a lot of money, but they were completely worthless. In pre-Nazi Germany they experienced the same, and were wheel barreling their money to the store to buy bread, and burning it to stay warm. This WILL happen in America; we are not immune to the laws of economics.
See also: The Economic Apocalypse
You can protect yourself against this coming calamity by purchasing hard commodities...land, agriculture, and precious metals. Things that are tangible and you can actually see and feel. Precious metals in particular are an excellent investment, particularly with the volatility of the stock market casino, which is essentially at the same place it was ten years ago. Conversely, gold is now over $1250 per ounce, whereas 10 years ago it was less than $300. See for yourself. Gold will continue to increase in value as our currency collapses, and could go upwards of $5,000, even $10,000 per ounce.

If you're like me, and gold is too expensive to invest in, you might consider silver, which brings me to the whole point of this email. Like gold, silver has increased about four-fold over the last ten years, going from about $5/oz to over $20. See chart. Silver is usually priced at a ratio of 50/1 against gold (1 ounce of gold will usually be worth about 50 ounces of silver). Right now that ratio is about 65-1. So if gold rises to $5,000/oz, silver will rise from it's current price of about $19/oz to at least $77. If you want to make money, the stock market isn't where it's at. It's precious metals.

I came across a website recommended by a friend which allows you to get a free silver dollar for every 2 you purchase. Buy two, get one free. Buy ten, get five free, etc. And it gives you your own website so others can buy silver from you, and you can earn money from the silver they buy. It's called Silver Snowball. I highly recommend it. Not only will the silver you buy continue to rise in value as the currency devalues, but you'll make extra money as others buy off you. All you do is sign up, buy silver, and send out the link to your friends and family, and encourage them to do the same. Feel free to use this email as a template to explain to them why it's important to hedge against hyper-inflation by investing in precious metals. Good luck to you, and please don't hesitate to email me if you have questions.

Watch Peter Schiff on the state of the economy and his predictions on gold and silver:
http://www.youtube.com/watch?v=lc9FjwlHEc8

Buy silver and sign up for your own silver business here:
http://www.silversnowball.com/2774/

Thanks!
Steve