If you have seen any of my stuff in the past, you know that I love investing in and writing about precious metals, especially gold and silver. (As always, if you want a place to start educating yourself if you have never done that before, then check out this piece by Mike Maloney, an author in the Rich Dad, Poor Dad series. )
But the thing is, this is still the most under-discussed investment of our lives, but the secret is not going to be kept for long.
Recently, I came across this sweet post on SilverSeek.com that hits the nail on the head, giving 20 reasons that silver will be the investment of the next decade.
Now, I won’t list them all because I will let you read on your own, but I will throw out a couple.
The US Dollar has lost 31% of its purchasing power just since 2000. The dollar has lost a staggering 82% of its value since the US was taken off the gold standard in 1971. Since the Federal Reserve was created in 1913, the US dollar has lost 95.6% of its purchasing power. When you compare the historical appreciation and more importantly, the retention of real purchasing power of precious metals versus the dollar in those same time frames, those facts alone should convince you that significant exposure in precious metals is necessary to protect your wealth. The primary and overarching reason you should have a significant percentage of your investment assets in precious metals is simple: to protect the real purchasing power of your accumulated wealth! In this age of government’s abusing their privilege of excessively printing currency, on a magnitude and scale not seen for decades, only gold and silver can protect and actually grow your wealth. Read more here.
In my opinion, more and more people are starting to get an idea that something bad is going to happen economically, but they don’t know exactly what that is. The above stats are a good enough reason alone for wanting to get into hard assets, and it doesn’t have to be just precious metals. Real estate, land, farm goods – such as wheat, etc….these are hard assets that will sustain your wealth when the economic collapse does occur.
Or how about…
Silver’s industrial demand should increase 60% to 666 million ounces per year by 2016 from 487 million ounces in 2010. Current annual mine production is only around 700 million ounces per year growing a few percent annually. Read more here.
Or, if you haven’t seen Eric Sprott’s opinion on the matter, than you definitely need to see his interview on a recent post that I did.
So now what?
You see a little bit about what precious metals can do for your investment portfolio, but you don’t know how to get your hands on some? Well, there are many dealers that you can Google or search for in your local area. Or you can even try purchasing them from home online (which is what I do – but I don’t keep any at my home)….
Or you can even try out other home business companies that work in helping you learn about precious metals while making extra cash on the side. I used to actively promote this company, which happens to be giving away free silver daily for the next several months, but I don’t anymore. But it is a company that I do recommend to others looking to get into this sort of thing.
In closing, I hope that you found this, and my other posts on my site, educational. I really do love teaching others about this stuff.
If you have any questions, please leave them in the comments section below.
Until next time…
Dr. Timothy Lawler