Exactly. Talk is cheap and the dollar is getting cheaper. I'll try to be more direct. The dollar is on an exponential growth curve that cannot recover. It is done. Nobody's fault per se, it's just what fiat currency is destined to do. Inflate to infinity and then it resets, corruption, secrets, lies and all. I'm trying to get people ready for the reset and a better tomorrow.
Talking about IRAs or 401k's to me is the hyperbole and rhetoric.
I gave a solution or at least one of those golden parachutes we hear so much about. We each need to be our own bank with real money which is gold and silver. A dollar is currency. It is not wealth. Huge difference. We value everything in dollars when gold has and will always be the true wealth holder. Has been for 6000 years.
Wealth is never destroyed, only transferred; and it is being transferred from our bank accounts at the rate of 12% in the last 5 months alone, straight to commodities. Gold is not in a bubble. It is, for lack of a better word, absorbing all the wealth the western dollar has created. That wealth doesn't get lost it just gets valued in a true mark to market fashion via gold. It's been a while but it's importance is back. Cycles and all.
I was given an American Silver Eagle 1 oz coin for graduation in 1989. It cost $10. If I had put that $10 silver coin and a ten dollar bill in a safe, today I would have a ten dollar bill and a $25 coin. In two years that coin could be many multiples of that.
The world has had it with us. China holds 1 trillion of our dollars and is not happy about losing $120 billion these past 5 months. They know exactly what's going to happen anyway. China urged their 1.3 billion citizens to start buying silver a year ago. I think silver might become important.
China Urges Citizens to Buy Gold and Silver -- Seeking Alpha
YouTube - China encouraging citizens to buy Silver and Gold
This isn't a popular position for me to be in. It's been difficult for me to fully appreciate the enormity of what we are about to experience. I don't say these things to merely be contrarian. They are absolute and I feel I must, in all sincerity, warn my neighbors. My style can be alarmist because this is enormous. It deserves alarm, but I understand; we hear a lot of alarms. I am not a revolutionist nor a bunker type.
I think the transfer will be very bumpy but I have faith in everyone and we will be in it together to see new, better, smarter systems emerge. I am a realist and we all have a chance to transfer some of our wealth by hopping off the dollar slide and getting on the gold elevator. Physical gold/silver. 20% of your worth, minimum. This should be done at anytime as a true diversification anyway. Today it's more important than ever.
Gold is a hedge. If your gold loses value, your bank account's dollars will gain theirs back. But....if those dollars keep sliding, gold will look cheap at $1300. I mentioned 2 years ago to buy at $700 - $800. It will be a buy all the way to $10,000+. A dollar is worth 77 cents.
I strongly urge you to read this very long but easy to follow guide in understanding past economies up to the present regarding gold and it's derivative, the dollar. If you don't start from the beginning it's difficult to fully appreciate the present. It is the story of how we have come to this. The anonymous authors wrote this in 2000 so note those dates with our current situation and how it is playing out exactly as written. The authors pseudonym's are "Another" and "Friend of Another" (FOA).
The Gold Trail -- a new gold market begins to evolve
If anyone is interested in buying coins or bullion I would recommend the following:
Silver, Silver Bar, Silver Bars, Silver Bullion, Gold and More - APMEX.com
https://store.scottsdalesilver.com/storefront.php
Kitco - Gold Precious Metals - Buy Gold Sell Gold, Silver, Platinum - Charts, Graphs, Prices, Quotes, Gold Stocks, Mining Stocks, bullion dealers
If I'm wrong and you don't need precious metals as described, then sell them and get your 'money' back. Though I would hold for several years at least. If you do need them, then you'll be glad you have them.
I mean nothing but the best for everyone.
