Afternoon everyone ….
It’s no secret that the every country in the world is have financial issues. Countries debts keep rising, food costs keep rising, gas prices keep rising. The only thing not rising is the amount we are all making to pay for all of these rising costs.
On a different note the United States was dropped from a AAA credit rating to a AA+ rating last week. That is huge news for any of us living in the states.
Why?
Because it means that more and more countries will be turning in their US dollars for something else. While it won’t all happen immediately, less countries will want the U.S. dollar.
I was working in the shop all day yesterday catching up on my podcasts that have built up on me. Several of the podcasts touched on a very important issue. People over the age of 59 1/2 year old are pulling money out of their 401K’s at record rates right now.
Why???
Because of the instability of instability of the economy, buying power of the dollar and the chance of the government freezing their money. You might say that’s our money how can they do that….
Well….
Your money is invested in stocks, bonds, mutual funds or something related. They have the ability to halt the stock market at any moment in time, why can’t they stop you from being able to stop your transactions from a 401K…..
So where are people putting their money…
A poll showed that just over 60% of people are holding their money. Not in a bank, just holding it somewhere. Just over 10% are putting their money in other countries. But the one that is relevant to us is that just over 20% are putting their money into gold and silver. Mainly gold but some silver.
But the prices of metals is going down, how is that possible….
Both metal prices are being suppressed on purpose. Gold pricing is manipulated by countries not companies. They don’t want the average Joe or Jill seeing gold prices skyrocketing or many more would be buying it. So they keep the prices as low as they can to fool the general public.
Silver is the most manipulated commodity in the entire world. Yes even more then crude oil. Silver prices can easily be manipulated by large companies like JP Morgan and others by adding large amounts of paper contracts to the market.
My advice is by as much gold and silver as you can afford to buy without going into debt. Having debt will only make what is coming much worse for you later.
