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December 3, 2008

You Need To Buy Silver, NOW

Filed under Money-Saving Rants — How To Be Poor @ 1:10 am

Really, you shoud be buying gold.  But since I’m assuming an average Joe don’t got a G to throw around on gizzold … Silver is the next best thing.

You really have a couple of options.  Buy US Mint precious metals if you’re not afraid for G.I. Joe confiscating them at the point of his gun.  Buy some other form of silver if you are afraid of G.I. Joe slash Uncle Sam confiscating it when the time is ripe.

I’m taking my chances amd buying rolls of 10 US Mint Silver Dollar Eagles every paycheck.  Sometimes, when the website advertisement paychecks rolls in, I buy a bar of Swiss Gold.

You’re asking, “why?”

Couple of reasons.  First, I’ve been though currency devaluation before in the USSR.  Not very fun.  I’m talking, “run out and buy up whatever tangible durable goods you can because the paper money ain’t gonna be worth much in a day”.

Second … With the massive amounts (trillions) of dollars of money Federal Reserve is printing to cover the bailouts, I’m predicting massive inflation.

Oince Gold Bar Fine 999.9 Credit Suisse

Oince Gold Bar Fine 999.9 Credit Suisse

Seriously … If I’m wrong, you’ll jack the gold and still be allright.  But if I’m right … I hope I’m not right.

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