Protect Your Wealth and Buy Silver Until 1971, the dollars value was pegged to gold, and other countries valued their currencies by pegging them to the dollar. When U.S. President Richard Nixon changed the way our currency is valued by un-pegging the dollar from the value of gold, the American dollar and most other world currencies fell into a free fall. The only tools governments had to prop up their economies were printing more currency (which devalues it even further), extending more credit (which leads to individual and organizational spending habits that cannot be supported), and reactionary economic policy using a combination of tax breaks, interest rate changes and foreign borrowing; all of which ravage the value of currency. That fateful 1971 decision created a disastrous and dangerous economic future for everyone - everyone, that is, except for those who are willing to make smart wealth protection decisions and buy silver. As the dollars value against gold declined, an interesting process began to take shape: precious metals like gold and silver began to rise in value. At one point, the increase in the value of gold was enough to cover the increase in the money supply. At another point, it was enough to cover the increase in the money supply plus all outstanding credit debt. Precious metals, like gold and silver, are the only investments that cyclically revalue themselves based on the amount of paper currency in existence. When you purchase silver, you are making an investment that offers a virtually foolproof method of protecting your wealth. Gold and silver will always be considered real money because it has to actually exist and cant be printed at whim.
Posted on: Tue, 05 Nov 2013 23:09:41 +0000
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