In today’s economic environment it can be a bit daunting to figure out where to put your money so that it will be safe. Yes, in this market it is about being safe more than about making money. We would all love to make money and perhaps some are, but in this whipsaw market most are simply looking for a safe haven.
I made a decision about 18 months ago that I simply wanted to have as much wealth in the future that I had personally put away. In other words, I vowed to just not lose wealth. This seems a simple enough task, but has been harder than anticipated. It seems that every little piece of news sends the stock market out of control. We all know that you don’t lose unless you sell, but the emotional roller coaster is not a fun ride. So, I decided to find an investment that I could feel confident in, something with a great track record, and an asset that if everything fell apart I would still have something to my name.
I began investing in silver and gold. I will be the first to say that these investments are not immune to volatility. Gold is a much calmer investment than silver, but is also much more expensive. I am comfortable with the volatility because, frankly, the entire market no matter what your invested in is volatile right now. A misconception is that when markets are volatile you can simply cash out and ride the sidelines. But, in this day and age it is the currencies of the world that are as big of a problem as anything. So the question I asked myself is: Would I rather be holding a bunch of dollars worth the price of the paper on which it is printed, or holding tangible assets like gold and silver? The answer was a fairly easy one.
I have now expanded my holdings to commodities in general. I see oil and natural gas being great investments over the coming decade. My investment strategy is basically to convert my dollars into ACTUAL assets of VALUE. Value is the key not the amount of dollars you own. It is the practice of the FED to print more dollars whenever they are needed, which in turn, decreases the value of each dollar in circulation. Thus, dollars are not a good place to store wealth. Last I checked, the FED has not figured out how to make more gold or silver.
So back to this value topic. It is something that I realized I had never really thought about because everything I have dealt with in my life has been in relation to how much its worth in dollars. But is that really value? NO, it’s not. With the amount of dollars in print being manipulated the price of items will change but there is no real change in the value of a product. For instance, a gallon of milk used to cost $.25 but today costs $3.00. Why? Because of inflation due to printing more money. The value of a gallon of milk is the same as it has always been (a gallon of milk is a gallon of milk) its just the amount of money it takes to buy it is more. So, rather than the milk’s value changing it is really the dollar’s value that has changed (the value of the dollar has decreased).
I say all of that to say this….come up with a plan to convert your dollars into items that are of real VALUE. Put your dollars into something tangible that you will still have in the event an economic collapse occurs. Even if a complete collapse does not occur, what is the end result? You are now the proud owner of valuable assets. It takes a bit of a mindset change in order to really understand how this all makes sense. For example, I no longer think of my net worth in dollar amounts. I am trying to build up my net worth in ounces. Also, with my involvement in oil, I am also building my wealth in barrels. For others in commodities they may be building wealth in bushels. The link must be broken that dollars are the standard by which wealth is built. At one time that was true, but not anymore. Wealth will soon be measured (if not already) by tangible goods. When I changed my strategy to building wealth in ounces, all of a sudden, it didn’t matter to me what gold or silver was worth in dollars. It was an arbitrary number that only told me that the dollar was volatile compared to my assets. Hopefully I haven’t muddied the water too much as this is a somewhat difficult concept since we have all dealt in dollars only most of our lives.
I don’t want to say that everything you own must be a commodity. I’m not saying to go out and convert everything to gold. The truth is the dollar is still our method of transacting. But my warning to you is that you must start thinking outside of the dollar before it is too late. If you don’t own commodities like silver, gold, oil, natural gas, wheat, and the like, you should definitely do so before it is too late.
I honestly believe that a massive transfer of wealth is coming and it will be transferred to those holding real assets. It will not be transferred to those holding paper assets of Wall Street. So, prepare and set yourself up for success in order to be prosperous after this storm has settled. Remember to think in terms of VALUE, think in terms of PHYSICAL ASSETS, if you want exposure to stocks, at least buy the companies that are involved in the production of assets, and above all else become educated about this financial situation and take ACTION.
I highly recommend opening a Silver and Gold Savings account at Silver Saver.com This is a great way to build your wealth in OUNCES, become diversified outside of the dollar, and to hold PHYSICAL ASSETS.
Please leave your comments or shoot me an email if you would like to discuss. I don’t claim to be all knowing on this subject but I do a lot of research and honestly feel that this information is very important for people to hear.
- How Gold and Silver Can Protect Your Wealth | Survival Total Access (jansurvivalgear.wordpress.com)