currency crisis

Silver is the best investment

The National Inflation Association says Silver is the best investment.

In our opinion, investing into silver is the only sure way to tremendously increase your purchasing power over the next ten years.

Throughout world history, only ten times more silver has been mined than gold. If you go back about 1,000 years ago between the years 1000 and 1250, gold was worth ten times more than silver worldwide. From year 1250 to 1792, the gold to silver ratio slowly increased from 10 to 15 and the Coinage Act of 1792 officially defined a gold to silver ratio of 15. The ratio remained at 15 until forty-two years later when the ratio was increased in 1834 to 16, where it remained until silver was demonetized in 1873.

The gold to silver ratio remained between 10 and 16 for 873 years! It is only over the past 100 years that the gold to silver ratio has averaged 50. History will look back at the artificially high gold to silver ratio of the past century as an anomaly, caused by the dollar bubble and the world being deceived into believing that fiat currencies are real money, when in fact they’re all an illusion. Next decade, the fiat currency experiment will end badly in a currency crisis. The wealthiest people will be those who bought silver today and were smart enough to research and pick the best silver mining stocks.

OWNx.com

While the vast majority of the gold ever produced remains sitting in vaults, 95% of the silver produced has been consumed by industry for thousands of applications in such tiny amounts that most of it will never be recycled and seen on the market again. Nobody knows the exact above ground supply of silver today, but most likely it is somewhere in the neighborhood of 1 billion ounces. That’s a total worldwide market value of only $17.4 billion, when the world has over $7 trillion in foreign currency reserves, mostly in fiat currencies that they will need to diversify out of due to rampant inflation.

Besides the fact that the world has been ignoring the monetary value of silver, silver prices are artificially low due to a large concentrated naked short position. It’s not a coincidence that the day silver reached its multi-decade high of over $21 per ounce in March of 2008, was the same day Bear Stearns failed. Bear Stearns was a holder of a massive short position in silver. In our opinion, this was likely a naked short position because there is nobody in the world who owns such a large amount of silver for Bear Stearns to have borrowed.

The reason why we believe the Federal Reserve was so eager to orchestrate a bailout of Bear Stearns, is because Bear Stearns was on the verge of being forced to cover their silver short position. Because the silver market is so small and tightly held, if Bear Stearns was forced to cover their short position, silver prices could’ve potentially rose to $50 per ounce or higher overnight. The world would’ve seen how economically unstable our country is and confidence in the U.S. dollar would’ve rapidly deteriorated. JP Morgan still holds the silver short position they inherited from Bear Stearns. The concentrated naked short position in silver today is the largest short position in the history of all commodities, as a percentage of its market size. Eventually, JP Morgan will have to cover this short position or it could jeopardize their existence.

The best evidence that the short position in silver is naked and not backed by real silver, is the differential between what silver trades for on the Comex and what real people are willing to pay for physical silver on eBay. Every hour on eBay, there are dozens of one ounce silver coins selling for approximately $25. That’s about a 43% premium over the current spot price of silver. With so much demand for physical silver, we doubt the silver shorts in the paper market will be able to manipulate prices downward for much longer. A major short squeeze could be right around the corner and silver could take off in a way that shocks even those who are most bullish.

Keeping Your Money Safe When the SHTF

safe deposit box

When life is going on seemingly normal, you’re probably not too concerned about having your money kept in a bank. However, when the SHTF, a bank will not be the safest place to keep it.

When to Withdraw Your Money from a Bank

Most people think about the convenience of keeping money in a bank and they don’t dwell on the risks. But that doesn’t mean there aren’t risks – and plenty of them. If you look at what happened in Greece and other countries in the not too distant past, you’ll see what happened to people when the banking system failed.

banking crisisThe banks simply shut down and limited how much of their own money people could have. People were left scrambling to figure out how to buy necessities, how to take care of themselves and people who’d traveled outside the country struggled with having the means to return home since they couldn’t access their money.

When your money is in a bank, you’re not the one who decides whether or not you’ll always have access to it. And if the government needs it, it can simply take it. When a bank gets in trouble, the money in accounts can be seized.

The time to withdraw your money from your account is the moment you know that a SHTF situation is imminent. Don’t wait and see what the government is going to do or what everyone else is going to do.

The only person who can make sure you and your family get taken care of is you. And always have money on hand to tide you over for months at a time, even if you leave some funds in the banking system.

Better Money Safe Options

If you have your money in a bank account, it can be taken. If you try and store it in a safety deposit box, it can also be taken. Just because it’s in a bank doesn’t mean you’ll have access to it or that you’ll always have ownership of it when you need it.

If your bank were to shut down for several days – or worse, for months – how could you get by? In a SHTF situation, it’s always best to have your money where you can get to it when you need it.

You can use a safe at home to protect your money, but you want to make sure you don’t make it easily visible or accessible to anyone but you. Never buy a grab and carry safe.

If you can snatch it up and go, so can a thief. Instead, use a safe that you can permanently fix to a spot. Have more than one safe because you never want to keep all your eggs in one basket.

Divide your money up between two or three safes for the best bet. Some survivalists use a cheaper safe and leave it where it can be seen. They’ll put a little bit of money in that safe so that if a thief does break in, he thinks he’s taken everything and he won’t search for more.

You can also place your money in airtight, waterproof containers and bury it. But only do this if you’ll be able to get to it when you need it. You can bury some on your immediate property and some on a bug out location.

Where to Hide Your Money

Besides a hidden safe, there are several other places you can hide your money. You can hide money inside your walls by hiding it inside a vent. You can tuck money away in your attic inside of old toys or tucked inside the hollowed out center of an old hardback book that you stack with a few other books.

Hide money in the insulation in your attic, basement or garage. You can also put money in separate envelopes and tape them underneath kitchen cabinets, bathroom cabinets or to the back of appliances.

You can get a waterproof container and hide money in your toilet tank. Some people hide money inside of food containers that they store inside their refrigerator or in the freezer.

Some people hide money inside of their medicine cabinet but in SHTF situations, medicine might be in short supply, and thieves will be looking for medicine. So choose a different hiding spot of you’ve been using this one.

If you have pets, you can tape money to the bottom of a dog kennel, a dog dish or a cat climbing house. Burying money in the soil of houseplants makes a great hiding place. Just make sure you use a waterproof container.

You could have several houseplants and have money stashed in each pot. Take the photos out of frames and tape money to the cardboard backing on the inside. Replace the photo and set the frame back in its original spot. Thieves don’t pay attention to family photos.

Hiding money in canisters or cookie jars can be an option, but thieves have been known to search kitchen canisters because they’re an obvious hiding place. It’s better to seal money in an envelope and tape it to the back of your refrigerator than to use a canister or cookie jar.

Tape money to the inside of CD cases, movie cases or workout videos. You can also place rolled up money inside hollow towel rods and hang them as usual in your bathrooms.

Buy lamps with dark colored bases. Lamps with white or light colored bases will sometimes show if there’s something inside of it. Unscrew the bottom of the dark base lamp and place money inside. When you put it back together, you can’t see the money.

You can also place money on the inside bottom of couch cushions, zip them closed and use as normal. There are endless ways to hide cash in your home. Of course, it’s then fragile in the event of a fire or flood, so take precautions with that.

What Bill Denominations Should You Keep on Hand When the SHTF?

When life on the grid is suddenly disrupted, life as you know it will be thrown into chaos. Without electricity, the world will be a different place. In a SHTF situation, the way that currency is handled and the way money changes hands during transactions is going to cease.

Without electricity and normal banking, your debit card and your credit cards are going to be virtually worthless. Not having any cash won’t be an option – not if you want to survive.

cashYou need to have cash on hand so that you can take care of the needs that you’ll have. But how you store that cash, how much of it you have and what types of bill denominations to have will all matter.

Most people have the mindset that bigger is better. They believe that storing rolls of hundreds of fifty dollar bills will see them through any SHTF situation. But you have to think the opposite of a normal day to day buying and selling transaction.

In normal life, you can easily use a larger bill. But in a SHTF situation, having larger bills could be of almost no value to you. Without normal ways to bank, you and those who do business as well as other survivors aren’t going to have access to change and smaller denominations.

That means your big bills won’t be usable. You don’t want to try to buy something you need and be unable to have it because the other person can’t break a bill that large. In this situation, even a twenty dollar bill can be too big. While it’s okay to have some tens, don’t stock up on those.

What you really want to stock up on are plenty of five dollar bills, ones and coins. This way, you can easily have bills small enough to be acceptable by others when you need to conduct business.

What some survivalists are doing right now is exchanging large bills for smaller ones and then hiding those smaller denominations in safe places around their home. Rolls of coins can easily be hidden throughout your home as well.

Why People Get Gold and Silver for SHTF Situations

The world is headed for a crisis because history has shown that SHTF situations have already happened and are continuing to happen. As these situations occur, society starts to break down in various areas and sometimes all at once, from electrical to housing to financial.

That’s why it’s better to get gold and silver for SHTF situations. There could very well come a day when your money will be of no value. Or you won’t be able to use it at all. The world could head back to the times when the only thing you can use to get what you need to survive is gold and silver.

While banking systems have failed, while the currency rate does drop, gold and silver have track records of holding steady in value. Plus, these metals come in handy when it comes down to bartering if necessary.

Even when the value of paper currency and coin is bottom of the barrel, metals like gold and silver will always be in demand. It’s a good investment to have gold and silver on hand in preparation.

When society collapses as it’s shown to occur already in several countries and even in isolated incidents in the United States, you want something that’s going to last for the long haul.

Most people think that once society is gone, it’s gone. But people are resilient and eventually rebuilding society will happen. Your gold and silver will not lose its value during a SHTF situation and will remain valuable when society is rebuilt.

When there’s a major collapse in society, every kind of paper currency is at risk for becoming useless. The government will no longer support the banking system and the you won’t be able to access funds.

Those who have direct deposit won’t be able to get any money. As the currency spirals into worthlessness, the value of silver and gold will skyrocket as it becomes the new go-to means of buying and selling.

If you want to provide for yourself and your family, you’ll want to invest in these precious metals immediately. In the event of a SHTF situation, gold and silver will become the main currency.

You can buy these precious metals in two forms. Either in bars or in coins. When you stock up on the coin form, they’re acceptable forms of currency. The face value of the coin will depend on the weight of the precious metal in the coin.

For example, if you purchase a 1 ounce gold coin, the face value is $50. Remember though, that face value is different from market value.

What to Barter with Instead of Money

Since money might not be an option during a SHTF situation, you need to have another way to get what you need in place. The world works on a supply and demand system. If you have what you need and then some, you can always trade what you have for what someone else needs.

During times where there’s a crisis situation, it will serve you well to be prepared with items that others are going to need. Most people aren’t going to be prepared with the tools that need, so having tools on hand to barter with is a good idea.

You’ll also want to have extra staples to use for bartering. This includes items like flour, sugar, salt, and coffee. Personal items like toilet paper, shampoo, feminine hygiene items, and razors are items others will be willing to trade to get.

Stock up on food extras like canned goods, baby formula, tea, cooking oil, and canned meats. You’ll also want to have a supply of medicines you can barter. This would be items like ibuprofen, aspirin, anti-histamines, antibiotics, and antacids.

First aid items are also good trade supplies to have. Batteries, flashlights, ammo, and fishing items are always in high demand during a SHTF crisis. Some people stock up on luxury items too, such as alcohol and cigarettes.

Physically Protecting Your Money from Theft

During a SHTF crisis, if you have it, you can bet someone else wants to try to take it – someone who didn’t prepare and now they’re desperate. You can hide your money in a home safe.

You can stash it in various containers and locations. Hiding money and locking it away is a good, preventative measure. But sometimes, even if you’ve hidden your money, you find yourself in a situation where you’re going to have to physically protect your money from theft.

protectionYou’re going to have to decide if it’s worth the fight or not. You can determine if it is or not by whether the money the thief wants is all you have or if it’s a substantial amount. If it is, then you need to do what you have to for yourself.

If the other person is not armed, then you can physically push back against them and keep pushing until they see that you’re not giving up without a fight. Sometimes, all it takes is for a person to be willing to defend what’s his to make a thief back off.

If you’re where you can be able to run from the room, then you can hit the intruder with pepper spray. That alone will incapacitate most people. If you don’t want to use lethal weapons, and the intruder becomes pushy, you can use a baseball bat – but if you do that, you’ll have to swing hard enough to take down the thief.

Otherwise, he might be able to wrestle the bat away from you. Try to hit the thief in areas of the body where it’ll inflict the most pain such as the face or the groin. If it becomes a life or death situation, you may have to use lethal force.

This Is Not A Test

The Emergency Broadcast logo flashes up on your TV screen.

You try to click off but it’s on every channel..

You start to realize… this is not a test. This is Real

A News Anchor comes on screen and in a shaky voice says… “At 9:15 this morning, the U.S dollar Collapsed… I repeat the dollar has Collapsed.”

The entire infrastructure of America is now a prime target of opportunity for ANY attack. The T.V. suddenly shuts off; moments later, your entire neighborhood goes dark.

EarthquakeDamage-FSS-300x250You’re going to be OK though.

This is the moment you’ve prepared for… Right?

The signs are all around us and if you don’t know what you’d do then you owe it to yourself to get this free report right now.

You can access it right here.

This is the time to take action.

> Access it before it’s too late. <

We face devastating storms, both physical and financial

Despite all the disasters happening around the world, one thing is certain in my mind… we are headed toward a financial collapse.

The distressed and perhaps permanently damaged economy has legions of deniers in official positions, who knowingly or unwittingly serve as apologists for the vested interests that resist change — energy companies on the one hand, global banks on the other.

It seems there are some out there that do not want us to know what is really going on in the world economy and only want us focused on giving them more of our money.

Read: We face devastating storms, both physical and financial on MarketWatch.

Ron Paul: Dollar Will Collapse, Gold Will Go To Infinity

Appearing on CNBC, former Congressman Ron Paul warned that if the US continues on its current course, the dollar will collapse, and gold will literally be priceless.

“Eventually, if we’re not careful, it will go to infinity, because the dollar will collapse totally,” Paul said on CNBC.com’s Futures Now.

“As long as we have excessive spending, and excessive computerized money, we are going to see gold go up,” Paul urged, noting that as the value of the dollar is destroyed, everything measured against dollars will increase in value.

Paul added that recent drops in gold prices do not factor into the long term outlook.

“Markets do these types of things—they go up sharply, and sometimes they take a rest,” Paul said. “I was never very good on short term, whether it’s the stock market, or whatever.”

“If you look at the record of the value of the dollar since the Fed’s been in existence, we have about a 2-cent dollar. And gold used to be $20 an ounce. So I’d say the record is rather clear on the side of commodity money.” Paul said.

“Six thousand years of history shows that gold always retains value,” Paul added, “and paper always self-destructs.”

—————————————————————-

Article written by Steve Watson
Infowars.com
June 19, 2013

Steve Watson is the London based writer and editor for Alex Jones’ Infowars.com, and Prisonplanet.com. He has a Masters Degree in International Relations from the School of Politics at The University of Nottingham, and a Bachelor Of Arts Degree in Literature and Creative Writing from Nottingham Trent University.

Assessing the Benefits in Silver Coin Collecting

We’ve seen over the past five years the collapse and near collapse of financial giants and companies considered too big to fail. Because of this, many people are looking for alternative investment opportunities and quite a number have considered silver coin collecting as possibility. If you are one of the many people who want to try collecting silver coins for profit, there are several things to consider ensuring your efforts will pay off.

Silver Bullion Coins

If you are seriously considering silver coins as part of your investment portfolio, you need to first of all decide if you want to collect silver bullion coins or if you want to buy silver coins that were minted and circulated as legal tender.

Silver bullion coins are generally made of 99.9 percent silver except for the British silver Britannia which has a silver content of 95.8 per cent. Normally, the face value of a silver bullion coin is lower than its actual market value. For example, the Canadian Silver Leaf is a one Troy once silver bullion coin with a face value of five dollars and a market value of over thirty dollars based on the market price of silver.

Silver bullion coins provide good protection against any economic meltdown, but if you are expecting spectacular profits from investing in this coin, you will be disappointed. Financial gains with this particular investment only happen over the course of time, when the bullion coins in your safety deposit box rise in value in consonance with the price of silver.

Investment Coins

Apart from silver bullion coins, you can also go for the other type of silver coins which are sometimes referred to as investment coins. Generally, these are coins are made of at least 90 per cent silver and are, or have been, a legal tender in their country of origin.

In the past five to ten years, increasing silver prices have made these coins a popular choice for collectors. On one hand, there is always a chance to one day sell currency coins for a big margin of profit, but on the other hand, there are bigger risks in this direction because factors such as demand and popularity enter the picture.

On the plus side, silver is cheaper than gold so it is possible to begin acquiring a silver coin collection without breaking the bank. American silver coins that are not categorized as rare have a prize range of two to twenty dollars.

What to Keep in Mind

There are certain things to keep in mind to keep your money safe as you go about silver coin collecting.

  • Always do your research before you make a purchase. If a coin is worth a lot of money, look for official authentication. Find out if the coin has maintained good value over time.
  • Go for high quality coins which are more certain to appreciate in value than oddities. Double check quality and grade by using reliable resources like the official Red Book.
  • Keep clear of TV or internet bargains. Remember that if anything sounds too good to be true, it usually is.
  • Provide good storage for your collection. Good storage does not mean a shoebox hidden away in your closet or in your file cabinet. Get a safety deposit box.
  • If you want to go about silver coin collecting as an investment, be ready to sell when the price is right.

Many resources say that the outlook for silver is good and that the annual demand for this metal exceeds the supply, Moreover with the current economic situation, more and more people are becoming interested in using this metal as a way of keeping their money safe. The side effect of this increased demand would be to further drive prices of silver up, making it a good investment today. However, even with these rosy predictions, it is good to practice due diligence and caution. This way, although you may not make a killing in your investments, you will be better assured of both profit and protection in silver coin collecting.

Consequences of Collapse: Access to Critical Medicines Is Disappearing in Greece

When a nation goes into economic crisis the paradigm to which its people have become accustomed begins to deteriorate. Access to critical supplies becomes difficult, sometimes immediately. In the case of Greece, which has been dealing with a loss of confidence in its debt instruments and economic policy, the collapse of life as Greeks know it has taken place over the last several years.

While we have been fortunate enough to avoid as severe a calamity here in the United States, many of the forecasts put forth by ourselves and others regarding the effects of an economic collapse are already taking place in Europe, namely Greece. In the midst of the Greek panic in 2010, for example, as Greece’s meltdown was in full swing and the people scrambled to get out of paper currencies, the price of gold, which was trading for around $1100 an ounce in the global commodity exchange marketplace, soared to over $1700 an ounce on the streets of Greece. In recent months, as Greece implements austerity measures and the unemployment rate sky rockets, its people have lost the ability to engage in traditional commerce because, simply put, they have no tangible income or money to do so. As a result, we’ve begun seeing a barter society emerge all over the country, making it possible for some people to directly exchange labor for consumptive goods and service.

When things get bad – and they will – the most essential items necessary for survival will disappear first. As currencies collapse, financial market destabilize and economies come to a standstill, critical supplies like food and medicine will become difficult to acquire at any price. This is exactly what is now taking place in Greece, where access to life-saving drugs and even common over-the-counter medicines like aspirin is becoming a tragedy where the losses will be measured not in Dollars or Euros, but lives.

Read more of the article written by Mac Slavo
SHTFplan.com
January 12th, 2012

Gold Leaps to New High

Gold prices shot to their highest level in history today touching a high of $1,297.40.

As you may well be aware of, the gold prices that you are quoted is heavily dependent on the fluctuations in the demand for this precious commodity and the future seems rosy because there are increasing numbers of people investing their money into buying gold. The reason why you should also consider putting your money into buying gold is that it becomes an asset that is solid, and which has bright chances of appreciating which will make your money grow for you.

Effect Of Weakened Dollar

What’s more, things are even more interesting with the gold prices as the relative weakness of the US dollar has impacted these prices. That means that investors are turning to buying gold in order to offset the weakened dollar’s impact on gold prices which has only pushed these prices northwards.

The U.S. dollar has been hit hard by Tuesday’s Federal Open Market Committee meeting statement from the Federal Reserve. While the Fed did not specifically detail quantitative easing measures, most analysts said the statement strongly suggests such due to the very accommodative stance of the Fed, amid a still-anemic U.S. economy. Fresh quantitative stimulus from the Fed, which basically means increasing the U.S. money supply by buying of U.S. securities by the Fed, is significantly dollar-bearish.

And, given that oil prices too are heading north, the fear that inflation will also show no signs of abating which will have the effect of eroding the value of your money; it means that buying gold is a good safeguard for the future.

As we’ve seen in recent weeks, gold prices have been soaring, and with the ever looming threat of a currency crisis, investors are finding it expedient to put their money into assets such as gold that are solid and good value for the future as well. A reason for such thinking is that gold prices will ride over any turmoil in the US economy which may come about as a result of a war in Iran which could otherwise bring stock and property prices crashing down.

Silver prices also hit another fresh 30-month high of $21.26 an ounce. The sinking U.S. dollar and the record-high gold prices have boosted silver. Prices are still in a steep four-week-old uptrend on the daily bar chart and there are still no early technical clues to suggest a market top is close at hand.

Email 6

The Case for Buying Silver

The first paper currencies were notes redeemable for gold or silver, or warehouse receipts for stored gold. Eventually, the receipts themselves were exchanged, and became currency in common usage.

Invest In Silver American Eagles NowThe link to precious metals became less concrete. As governments needed to buy votes or finance wars, they yielded to the temptation of printing more notes than there was gold or silver to back them, and inflation resulted.

The process of currency destruction has accelerated, particularly since 1971 when the US closed the gold window, and stopped exchanging dollars for gold. In the last 10 years, the Fed has printed trillions of dollars backed by nothing at all at the fastest pace in history, a move that has driven the prices of precious metals skyward.

Meanwhile, gold and silver are in short supply. Twenty-two years of low prices has resulted in a dearth of production and exploration, while industrial applications for silver have soared.

China and India are enjoying a burst of capitalist prosperity, and have historically turned to precious metals for wealth preservation.

COMEX futures positions in silver, much of which must be covered by deliveries or purchases, are estimated to be equal to or greater than all new productions.

Think of gold as large denomination money, and silver as small change: while a 1-ounce gold coin now costs about $650, a roll of 90% silver dimes is a mere $50. Ruff predicts that silver will eventually be more profitable than gold by at least 100%.

Read The Case for Buying Silver: A History of Paper Money by Howard Ruff