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Three Predictions Soon To Send Gold Higher
I’m not sure if they still do but at one time most popular state fairs had a guy who would guess passerby’s weight. This expert of girth would randomly pick individuals walking by usually guessing a person’s weight within pounds. Wouldn’t it be nice if our economy had the same sort of fellow to help us choose our financial path and make accurate financial decisions? From business owners to individuals the world starves for accurate economic predictions to help protect and build wealth over such turbulent times. This is why today I want to point out three upcoming issues soon to send gold higher.
CONFLICT:
From simple road rage to city council conflicts the world is as tense as ever I’ve seen in my lifetime. Conflict affects all of us in so many ways and few realize this conflict will accelerate precious metal value as financial conflict expands across our globe. Everyone has an opinion how money must be spent and all agree there is no where enough to go all around. This is why cities bankrupt, countries send their young off to war and once happy couples allow slimy lawyers to divide assets and children’s time.
My wife and I made a commitment to not allow monetary conflict divide a family that means everything to both of us.
Refusing to allow burdensome debt in our lives is one of the ways we choose to promote harmony at home, owning real money like silver and gold is another example. This unity allows for a solid foundation while the rest of society stumbles through a maze of economic correction while conflict rages on nearly every front.
Gerald Celente is a trends forecaster who is and has made extremely accurate predictions over the last 30 years. His latest Trends General explains why the world is on the verge of the first great war of this century. It’s fascinating to read how Mr. Celente chronologically lists how recession, trade wars, currency wars and debt eventually lead to world wars. Our news today of upcoming conflict only validates another one of Celente’s accuracies.
Conflict drives precious metals with uncertainty and debt. History proves most wars find funding by creating more currency even when this monetary creation devalues the worth of those holding such currency. This devaluation is why it takes more cash to buy the same amount of groceries at your local market. This creation of war money also drives the value of your stack of silver and gold.
AWAKENING:
I recall an early morning when my two boys each had several buddies spend the night one weekend. I awoke early stepping over lifeless sleeping bags and empty bags of microwave popcorn knowing the morning’s quiet would soon shatter with awakening. The world around us is soon to awaken as well. This realization of all is not good will lead some to do what we will describe in the next prediction because they’ve not prepared for the inevitable economic correction.
But for now most silently rest still believing lifelong politicians can fix the unfulfillable. They still trust enthusiastic leaders full of promise and hope not realizing the insurmountable levels of world debt will eventually lead most to a lifestyle depending on rations of food stamps, housing allowances and low budget health care.
The word “austerity” equals awakening in my mind. Most won’t connect austerity as an admission of a failed society and fiat economy because most citizens are just trying to protect what they’ve worked for, or not worked for. The price of silver and gold will awaken before most Americans (the world as well) leaving ones needing protection the most outside looking in. But some can afford precious metal, regardless the cost, and are soon willing to pay whatever the few holding physical metal demand. How can such an awakening not drive precious metal prices?
PANIC:
I’m hesitant to use the word panic in an age that sensationalizes even the most trivial events. Many events can spark panic and I won’t pretend to understand what motivates some to run and others to calmly react. But the panic I’m describing today is not only spurred by an empty bank account or the loss of a retirement/pension promise. The one soon to send gold unimaginable is a panic stemming from a loss of trust and faith in a economy doomed by greed, debt and dishonesty.
The monetary panic of this decade will energize itself when world financial markets no longer find bailout money to support a false value. This will lead to an exodus eventually leading remaining wealth looking for anything offering monetary flotation and true value.
Folks this writer has no other insight than history. What we are soon to experience is a scenario that has played itself out many times before. Governments grow too large and make too many promises along the way. Real money shrinks and artificial wealth (currency) expands to a point beyond expandable. The problem this time is the currency expansion spreading toxin around the world stems from the USD. If your wealth is in dollars I urge to you do a quick study of monetary mistakes and then focus on how well silver and gold protect in such a time.
Don’t let panic drive your future. Take time to understand precious metal first and then make a commitment to store your wealth in the one asset history has proven necessary and worthy.
NOTE: For more information on silver and gold please read Why Silver & Gold Will Go Higher. I wrote this book for those searching for a simple explanation of why both metals will continue to grow in price and value.
COMMENTS & QUESTIONS:
Question: Being an expert on keeping your precious medals safe – what is your opinion on the Free Lakota Bank? I know it is smart to not have your stash all in one location, and I was therefore contemplating sending 1/3 to 1/2 of my stash to them and even being able to make interest of 7.25% (in silver) on my investment. They are fairly new, founded in 2008, and I have no idea how secure their facilities are (or in fact if it is a scam altogether) but wondered about your opinion on them in theory and practice. This could also help get my currency (fiat money) out of regular banks as this is an interest paying account if you are willing to tie up a portion of your silver for 1 to 3 years. Thanks for your remarks.
Answer: Great question and thanks for asking it. You are wise to bank outside traditional avenues of saving since the banking system as we know it is in great turmoil (fiat currency). Free Lakota Bank is part of the Lakota Indian Nation and claims to be the only non-reserve, non-fractional banking institution that operates like any other bank. I personally love the concept and believe banks like Free Lakota are the future of banking (fractional reserve banking is the #1 source of debt creation – not good).
Here is how silver depositing works. A 12 month silver contract pays 3.25% (according to website). A 24 month silver contract pays 5.25% and, as you correctly mentioned, a 36 month contract pays an amazing 7.25% IN SILVER. These accounts are not dollar based, this means all interest is paid incrementally in real silver.
This is what the industry refers to as commodity banking. Free Lakota Bank is in their forth year of operation and I personally know very little about this institution, but intrigued. If you, I would start out skinny and increase my deposits as worthy. My plan is to try them out with a small deposit and see how it works; I’ll pass along information as it becomes available. Thanks again for the question and if other readers have info on Lakota Bank please pass it along.
2012-08-08 07:48:23
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