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Why Your Gov’t Is Good For Gold
The world is watching as those who dare call themselves “electable” make monetary promises no rational person can keep. As a precious metal holder nothing warms my heart like monetary ignorance that pushes my net worth higher, but as a father and business leader nothing concerns me more. It is painful to watch those trained to read a teleprompter articulate our middleclass into poverty, and worse for our poor. Sure 48 million eating off government platters sounds compassionate until we consider the only reason it’s necessary to feed 48 million mouths is because of monetary deceit and greed.
If you are reading this and new to precious metals I would like to communicate directly to you. The economic state of the world is only confusing to those who still believe swollen governments can print themselves into prosperity, they can not! I realized this over ten years ago and why I traded dollars for real money – silver and gold.
I recently heard a proponent of PM (precious metal) mention that something big is about to happen to gold. I agree, too, but the fact is something big has happened over the last ten years for those prudent enough to call B.S. on a system awash in deceit. The problem arises when we factor how few have found the protection the lies within physical silver & gold.
The proponent aforementioned is correct, something very big is in store for gold & silver. The only question left is how high can both metals rise before monetary decision makers “tap out” of a failed fiat system and accept defeat. Remember, defeat is more than admitting a multi-decade mistake, defeat is accepting a way of life that supports a government, and people, living within their means, and according to free market principles.
Borrowing money (deficit spending) and then disbursing it to chosen industries has proven itself futile for our overall economy but great for the few holding real money (silver & gold). This precious metal benefaction proves how simple, or reactionary, silver and gold have become. This is why I so enjoy holding my wealth in precious metals; nothing complex, just simple x’s and o’s of economics.
We are living in an era of self protection, at least financially, and this is why you’re reading TPS today.
Most of you realize the same old borrow and spend is not building a healthy economy and it’s just a matter of time before the masses come to the same realization. This “realization” will send all walks of life, all societies too, in search of the only simple source of real money ever to grace God’s green earth. My advice is to take a hard look at hard money soon.
QUESTION: Thanks for the great website, I never miss a post. I have a question relating to storing silver rounds and gold bars at home. Costco sales a big safe for under $800 that looks perfect for storing guns, gold, & silver, do you know anything about the big gun style safe Costco sales? My intentions are to mount the safe in my garage.
TPS Reply: Thanks for reading TPS and thanks for the question. Several have commented on Costco’s gun safe but I’m not familiar with it (my guess, if Costco is selling it then it’s worth owning). We must consider that a standing safe is only one part of a plan for home storage, regardless the safe. Below are four items that should accompany a good safe.
- Safe should be placed out of site. This means positioning the safe (if in your garage) out of site from street traffic that might spot the safe if garage doors are left open. I like the idea of building a simple garage cabinet that hides the safe from anyone who happens to glance into your garage.
- Most garages have 4 inch thick concrete slabs that make bolting the safe down very simple. Never store PM in a safe unbolted, or fastened, to the subflooring or slab. This process is simple and most tools can be rented from your local construction supply store.
- Alarm your safe or the structure that the safe rests in. A properly fastened safe is all about buying time until people with guns arrive. Never assume PM stored in a gun safe is good enough. I have a stack of stories of lost metal all stored in what the owner felt was a good gun safe.
- Buy insurance that is precious metal specific. This insurance is not expensive and will protect properly secured metal in the event of theft. Email me for additional information regarding PM insurance.
2012-09-07 12:27:23
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