Blog, Editorials, & Thoughts, Economic News, Federal Reserve & Bankers
Every so often, I receive an email asking me to recommend a reputable precious metals dealer or why I invest in gold and silver and not Bitcoin. I’ve talked at length on the topic of securing metals as a long-term investment, or tangible good; not only for times of disaster, but to simply preserve your wealth. As we have all plainly witnessed, the Federal Reserve has been on a printing binge for several years now, and with each new round of Quantitative Easing that is dished out, your hard earned dollar is worth less and less.
From my standpoint, tangibles endure the test of time far better than a fiat paper currency such as the US Dollar. A fiat currency has value only because of government fiat - or declaration. And since it is tied to the whims of governing politicians and bankers, it risks both inflation and deflation, with inflation causing you to shell out more and more dollar bills for the same old product year after year and deflation making the products you currently own worthless.
I’ve been hearing quite a bit from speculators about a coming deflationary period, and some even saying that gold and silver will start to bottom out. In my opinion, this is a good buying window in which you might see silver back down near $14-15 per ounce and gold settling near the $1,000-$1,100 mark. If this happens, rest assured that I will be stocking even more metals as gold and silver have always, and will always, have worth far beyond the controlled and highly manipulated paper dollar and stock market.
As for you Bitcoin fanatics, while I see a great opportunity there, you are dealing with a purely electronic currency, subject to theft, decryption, and market manipulation. If the power goes out, you are left with nothing. We also see constant headlines regarding the NSA’s attempt to build super-computers that can break any encryption, as well as the FBI having already seized over 144,000 Bitcoins from various marketplaces, making them the 2nd largest holder – and potential manipulator – of Bitcoins in the world. Don’t get too caught up in the current trend of digital money; be sure to spread risk evenly through your portfolio or holdings and have something to show for it.
For those of you searching for a place to start ordering precious metals, allow me to point you towards JM Bullion. I’ve used quite a few different websites to order from over the years, as well as buying in person from various coin and bullion shops, but doing business with JM Bullion was probably the quickest and easiest source I have found to date.
Not only do they have a wide selection of gold and silver, but they keep it simple. They offer what you need without having to wade through page after page of random items. They carry gold and silvers bars in all of the common denominations, and from reputable mints, along with all of the typical coins you would expect, such as the American Gold and Silver Eagles, the Canadian Maple Leaf, Krugerrands, and more.
After comparing prices with the places I used to buy from, I can say they have the lowest prices online and they guarantee it. JM Bullion beats American Precious Metals Exchange (APMEX) by several percentage points per ounce and that adds up quickly! Currently, I can buy 1 oz. silver bars for about $1.50 cheaper by ordering with JM Bullion, as well as save money with their shipping. Best of all, they offer up-front shipping costs and discreet, secure packaging.
If you’re finally ready to preserve your wealth and secure your future, I would highly recommend JM Bullion. Verified by a plethora of industry standards for secure, online processing, you can order with confidence and know that your information is safe with a good company.
As I’ve written before, I initially entered the precious metals market in order to have tangible goods for emergency preparedness situations where Federal Reserve notes are of no value. I purchased a few ounces at a time, as I could afford them, and before long I was sitting on a decent amount of hard currency that would be accepted the world over. Even with my modest purchases that started in 2006 and 2007, I have already seen more than a 65% return on what I initially spent. I also rest easy knowing that I have bartering power should we face a grid down situation, or an economic meltdown.
Many of us can see the writing on the wall when it comes to our current global, economic situation. The Federal Reserve Dollar is going to eventually hit rock bottom, along with the stock market, and when it does, the only ones that will be left standing will be the gold and silver owners.
Those without will only be standing in the bread lines waiting for their daily ration.
Kevin Hayden is a former New Orleans police officer-turned-political activist. He endured Hurricane Katrina’s chaos and societal collapse in the days following and after 5 years in New Orleans, moved to Oklahoma. Kevin currently runs www.TruthisTreason.net and works on local politics and education about our monetary, food, and foreign policies while building an off-grid homestead and helping people become prepared. He can be contacted directly at Contact@TruthisTreason.net
This is not to be construed as legal, medical, or investment advice; merely editorial opinion. This piece has been sponsored by JM Bullion.
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