weatherbill
11-17-2007, 08:59 PM
This is an email I sent to my family and friends......if you are new to investing, please save this info and begin to prepare, but first, in order to do so you need to be convinced that an economic crisis is ahead, so to educate yourself, please go to Youtube and type in "economic collapse" or "dollar crisis" or something along those lines and listen to what many advisors are saying and remember the proverb
"In the council of many, is wisdom." Her eis that letter..........
I want you to take some time out of your schedule and just look into this, so you can be sure for yourself, and know that this is the right move.....by the right move, I ammerely saying, it is not wise to have all your savings in US dollars, but to diversify....
http://www.kitco.com/charts/livesilver.html
http://www.kitco.com/charts/livegold.html
these are two links to a reputable well know place that sells precious metals called KITCO
Mark this in your my favorites.
Those two links are 3 day charts of the present price of gold and silver.
You can also float around the web site to learn more.
Gold and silver have always been the asset people run to in the time of financial crisis to hedge agaisnt a failing economy and inflation.
I encourage everyone to diversify some US dollars into silver and gold, but especially silver. In comparison, in a financial crisis, silver can 5 times your money, where as gold may 2 to 3 times your money in comparison. I hold both.
You can also open an electronic trading account for gold as well with Kitco.....they call it their gold pool account. You would need to wire money to them to do it.
Another place is APMEX http://www.apmex.com/
I usually buy silver from them becasue they have some of the best prices. You are not looking to buy rare coins. You simply want to buy silver or gold bullion to hedge agaisnt the dollar. To give you an example of how you can benefit. If the dollar faces devaluation and you bought gold at $800 per oz and it goes to $1600 per oz, you can cash in that 1 oz of gold to say, pay your mortgage 2 X over instead of just 1 time with $800 USD.
One expert said that if we had an equivilant crisis like we had in the early 80s, when silver went to $50 per oz, in today's dollar value, it would go to $120. Right now silver is trading around $15 per oz. As you can see, you can do quite well in a financial crisis.
There is a peace in knowing that what you saved and worked hard for and want to leave your children, will not become worth much less when the crisis hits. When a financial crisis hits, you won't have any need of freeking out becasue you know you will be well by being prepared.
I beleive if there is a melt down of the dollar, it will bring other currencies down with it temporarily till the markets stabilize. We face what I beleive to be an innevitable strong recession coming and it is wise to prepare. I encourage you to google video such temrs as "economic crisis" or "dollar collapse" etc...... learn what you can, but never trust the corporate news. They will lie to protect their financial interests so they can get out of their markets before something bad happens.
The fundamentals are there and all the indicators are telling us we are in economic trouble. The housing bubble has just started and will be a slow long process, but also, we have China funding our debt and they along with other global financiers are over weighed with US dollars. They will one day want to "diversify". That means they will start dumping their many dollars on the market as recession hits, devaluing it's value. We also have a credit card debt crunch coming that has not hit yet.
With the Fed printing up money out of thin air, to pay for the war and an overblown gov. that can't get a ballanced budget, we are in for more of the diluting of the dollar and thus, it's devaluation. If we go to war with Iran, gold, silver and oil will jump big. Oil will go to liek $120 a barrel, gold to $1000 per oz and silver to $60 per oz......of course, depending on how much we go to war with Iran. God I hope Ron Paul gets in!
If you buy silver or gold, buy on the dips in the price. Look at the charts and wait for a dip in the price. In the long run, it won't matter really. I bought some silver the other day and right now I am down about $300, but becasue of my experience in the market, I don't sweat it a bit becasue 2 years from now, I will be doing just fine! You have to think long like this when buying precious metals........
If you've never had experience in any of this, it can be overwhelming. Relax. Take a deep breathe. You have time, but start preparing now! Learn as much as you can from youtube videos. There is an awsome amount of . It's going to be an exciting time ahead for some and a sad time for others. Remember, we can help some folks out also, if we are prepared.
I hope you all take this to heart and know, that I'm only looking out for you my peeps, ok?
Alright. Let's prosper in the next few years and be ready.......and defintely be helping our circle of people where we're at when this time comes. The only way to do that is by being prepared......
"In the council of many, is wisdom." Her eis that letter..........
I want you to take some time out of your schedule and just look into this, so you can be sure for yourself, and know that this is the right move.....by the right move, I ammerely saying, it is not wise to have all your savings in US dollars, but to diversify....
http://www.kitco.com/charts/livesilver.html
http://www.kitco.com/charts/livegold.html
these are two links to a reputable well know place that sells precious metals called KITCO
Mark this in your my favorites.
Those two links are 3 day charts of the present price of gold and silver.
You can also float around the web site to learn more.
Gold and silver have always been the asset people run to in the time of financial crisis to hedge agaisnt a failing economy and inflation.
I encourage everyone to diversify some US dollars into silver and gold, but especially silver. In comparison, in a financial crisis, silver can 5 times your money, where as gold may 2 to 3 times your money in comparison. I hold both.
You can also open an electronic trading account for gold as well with Kitco.....they call it their gold pool account. You would need to wire money to them to do it.
Another place is APMEX http://www.apmex.com/
I usually buy silver from them becasue they have some of the best prices. You are not looking to buy rare coins. You simply want to buy silver or gold bullion to hedge agaisnt the dollar. To give you an example of how you can benefit. If the dollar faces devaluation and you bought gold at $800 per oz and it goes to $1600 per oz, you can cash in that 1 oz of gold to say, pay your mortgage 2 X over instead of just 1 time with $800 USD.
One expert said that if we had an equivilant crisis like we had in the early 80s, when silver went to $50 per oz, in today's dollar value, it would go to $120. Right now silver is trading around $15 per oz. As you can see, you can do quite well in a financial crisis.
There is a peace in knowing that what you saved and worked hard for and want to leave your children, will not become worth much less when the crisis hits. When a financial crisis hits, you won't have any need of freeking out becasue you know you will be well by being prepared.
I beleive if there is a melt down of the dollar, it will bring other currencies down with it temporarily till the markets stabilize. We face what I beleive to be an innevitable strong recession coming and it is wise to prepare. I encourage you to google video such temrs as "economic crisis" or "dollar collapse" etc...... learn what you can, but never trust the corporate news. They will lie to protect their financial interests so they can get out of their markets before something bad happens.
The fundamentals are there and all the indicators are telling us we are in economic trouble. The housing bubble has just started and will be a slow long process, but also, we have China funding our debt and they along with other global financiers are over weighed with US dollars. They will one day want to "diversify". That means they will start dumping their many dollars on the market as recession hits, devaluing it's value. We also have a credit card debt crunch coming that has not hit yet.
With the Fed printing up money out of thin air, to pay for the war and an overblown gov. that can't get a ballanced budget, we are in for more of the diluting of the dollar and thus, it's devaluation. If we go to war with Iran, gold, silver and oil will jump big. Oil will go to liek $120 a barrel, gold to $1000 per oz and silver to $60 per oz......of course, depending on how much we go to war with Iran. God I hope Ron Paul gets in!
If you buy silver or gold, buy on the dips in the price. Look at the charts and wait for a dip in the price. In the long run, it won't matter really. I bought some silver the other day and right now I am down about $300, but becasue of my experience in the market, I don't sweat it a bit becasue 2 years from now, I will be doing just fine! You have to think long like this when buying precious metals........
If you've never had experience in any of this, it can be overwhelming. Relax. Take a deep breathe. You have time, but start preparing now! Learn as much as you can from youtube videos. There is an awsome amount of . It's going to be an exciting time ahead for some and a sad time for others. Remember, we can help some folks out also, if we are prepared.
I hope you all take this to heart and know, that I'm only looking out for you my peeps, ok?
Alright. Let's prosper in the next few years and be ready.......and defintely be helping our circle of people where we're at when this time comes. The only way to do that is by being prepared......