What Every Investor Needs to Know About Precious Metals
How owning gold and silver can protect you against unforeseen global financial crises
“In the absence of the gold standard, there is no way to protect savings from ‘confiscation’
through inflation. . . . Deficit spending is simply a scheme for the ‘hidden’ confiscation of wealth.
Gold stands in the way of this insidious process. It stands as a protector of property rights.”
“Paper money eventually returns to its intrinsic value—zero.”
The Greek monetary crisis has been all over the news this past week, but as anyone who knows how to interpret the data can clearly see, Greece is just the tip of the iceberg. The fact is, there’s no predicting what’s in store for the global economy or how current and future financial upheavals will impact the U.S. dollar.
If you think your investments are immune to the impacts of an economic crisis happening in some other country, think again. We’re all just one unforeseen banking crisis away from having our assets frozen. Our own U.S. banks can freeze your cash just like the Greek banks have done.
In fact, just a few short years ago, we came closer to financial meltdown than most people realize when the housing bubble collapsed and the entire U.S. economy nearly tanked. Bottom line: Investors need to protect their assets, and currencies are inherently unsafe.
The U.S. went off the gold standard in 1971. Now, instead of having a real, gold-backed currency, we borrow money from China and other countries. Fact: As of April 2015, China owned more than $1 trillion in U.S. T-bills. China loans us the money we need to keep our economy afloat. The result? An astronomical national debt that threatens to wipe out the life savings of millions of Americans. And there’s no end in sight.
What hope do you have in protecting your hard-earned savings and investments in the event of a major economic collapse? According to former Federal Reserve Chairman Alan Greenspan, we cannot simply sit on our hands, hoping for the best and waiting for the next banking crisis to take us by surprise. Right now, the best way to protect yourself is to start accumulating actual gold and silver as a hedge against an increasingly likely worst-case currency scenario.
One of the great advantages of investing in gold and silver is that you don’t have to figure out how to purchase and store these precious metals. Now you can get your own private storage IRA. It’s like a regular IRA, only instead of owning shares of stock and bond funds, you own real gold and silver, with your own private storage space to safeguard it—beyond the banks’ grasp.
If you think the possibility of a currency collapse is just more “sky is falling” hysteria, some of the most knowledgeable experts agree that the threat is all too real. For example, according to Quantum Fund founder Jim Rogers, “We are destroying the people who save and invest for the future. They are being wiped out at the expense of the people who bought four or five houses with no money down and no job.”
Don’t wait for the next banking crisis. You can start accumulating gold and silver right now and store it in a private vault, beyond the reach of the banks. “When you destroy the investing and saving group, your society, economy, and country has problems. That is what we have been doing. Think of all those people who were saving for the future. They look like fools now, and feel like fools. Their friends who borrowed money are being saved at their expense.” —Jim Rogers
Diversify your investments and learn how to open your own precious metals IRA and physically store precious metals in your private storage IRA at home.
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