Saturday, November 08, 2008

Savings In Real Stores of Value: Gold, Silver, Mines, Farms

Savings in real assets like gold and silver rather than most paper or digital financial assets is what is required to survive and/or get ahead in what is coming economically in the next decade or so.

Increased wealth creation requires increased savings from previous wealth creation. There has been little or negative growth to real wealth creation in the Anglo Saxon world, therefor the same can be said for savings.

Politicians and humans in general are pretty predictable. The US Treasury/Fed are going to try to create massive amounts of USD to save their buddies. There will be few safe stores of value left. The problem with gold and silver right now is that they are getting hard to buy. Either the supply is decreasing or they are getting bought up in a heart beat as they become available.

If you were not buying protection back in 1999, 2000, 20001; it is going to be really hard to do it now compared to back then. Gold and silver were cheap and readily available. No longer it seems.

What the combination of the US government and the US gangster banksters are doing is big time economic and financial history being made.

Jim Rogers on the big picture recently:


Jim Rogers again on the big picture recently:


Ron Paul on FOX Business w/ Cavuto on the big picture:


Who else in the mass media, particularly television, is telling it like it is?
Virtually nobody.


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Tough Sledding Ahead, Surviving A Coming USD Collapse
Christopher Laird

...
None of us in the US has ever dealt with the twin threats coming our way in the next few years. The first is a real economic depression. The second will be the demise of the US dollar, or at the very least, its severe devaluation like 70% or more (at first).

I would like to point out that in the last great depression in the US in the 1930’s, we did not have a combination of a currency crisis with the economic crisis. The USD, although it fell compared to gold, held up well. Deflation increased the value of anything called cash, including gold.

This time, the outcome will be different. This time, the US faces an economic depression AND a currency crisis soon after. How far off is this?
...


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M3 keeps chugging on up. The more there is of something, the less it is worth.

nowandfutures.com

There will probably be trillions more USD created before all the bailouts are done, particularly for government retirement and healthcare programs.







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Watch out when government's backs are financially against the wall. Many digital assets are a piece of cake to steal:

Argentina
BUENOS AIRES (Reuters) - Argentine President Cristina Fernandez on Tuesday sent a bill to Congress to nationalize the country's private pension system. ...

Dems Target Private Retirement Accounts
RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.


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Eric Sprott:
Cash or Gold




Probably, your savings are a lot safer in gold and silver.

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