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TWO FACES OF SILVER & GOLD

GOLD & REAL ESTATE, GOLD AND MONEY, GOLD/SILVER COINS, SURVIVAL & GOLD/SILVER   No comments yet

You know who you are, to be honest; I know who you are too. Well, I have it nailed down to one of two choices. There are only two faces of PM (precious metals), owners that is, and each one motivated to own silver and gold for opposite reasons. One side is more vocal, aggressive, and independent if you will. The remaining side is calculated, confident, even consuming. The one thing both sides have in common is the desire to amass as much silver and gold as possible. My view, I think both sides are very wise in the last regard.

Just to simplify let’s break each side into type one and type two. It makes sense to start with type one since I hear from this type most often.


Type One Silver & Gold Holder:

Last week’s post Rivers of Silver found favor among this type. In fact, tens of thousands read the post and we heard from readers around the world, thanks. Regardless of location, regardless of motivation, all comments sounded similar.

In case you missed Rivers of Silver, we peeked into silver’s future and into a time when one ounce silver is no longer affordable to the masses. An age of expensive silver justifies fractional coins, bars, and rounds for trade and affordability.

Let’s get back to type one PM holders. Better yet, let’s let them speak for themselves.

“If you don’t hold it, you don’t own it”…

or

“What the future holds?…well….get ready today for the way that you want to live tomorrow.”

or

“I will only release coins to jump start the barter system and for the black market because sooner or later…”

or

…”the answer is to use real money, money that is just as good in China as it is in the USA.”

and lastly

“I wish we didn’t have checks, much less plastic, I hate paper trails… : )”

Type One metal owners see the end of this debt debacle as nothing short of a full dollar collapse (nearly all currencies). The plan is to hold something of monetary value which will someday function as money. The plan is to trade silver coins for eggs, milk, bullets, or whatever necessary.

This type doesn’t necessarily view silver as a wealth transport but a tool to barter or trade. This type doesn’t trust government and is very unhappy with our loss of liberties. They view the world as distracted, off course, maybe unwilling to accept the inevitable economic collapse.

Some still own silver they bought for $3 or $4 or $5 per ounce. This type owns fractional silver fully understanding silver trade and barter. This type is not wealthy but they are prepared, prepared for whatever comes their way.

Type Two Silver & Gold Holder:

This type views trade or barter silver as background noise, maybe necessary or maybe not. They own silver and gold with no interest in how it has appreciated but more concerned with how it will appreciate. This type includes those interested in wealth preservation and wealth accumulation. They make comments like the following.

“…your view on storing gold in Zurich?”

or

“Junior gold mining stocks are….”

or

“Please discuss transferring an IRA into silver or gold…”

They view silver and gold as part of an overall wealth building plan. They see real estate as cycling downward while PM cycles opposite. They understand wealth cycles, recessions, corrections, depressions, and eventually recovery.

This type is less fearful and more calculating, economically speaking. They want what is best for their family but themselves too. They see opportunity over protectionism.  This type will continue to buy silver and gold only until they see the next under priced asset.

WHAT ABOUT YOU?

Here is what you must ask.  Are you trying to preserve wealth or planning how to feed your family when eggs cost $65 per dozen? Aren’t both necessary?

Both sides bring something beneficial to today’s PM table that I want to point out. Type one, they are unassuming and survivalist. We all can learn from their ability to prepare for an uncertain future. They are a growing minority.

Type two offers yet another aspect we can all learn from. Unlike type one; they understand a need for cash flow or fresh income. PM used for barter and trade work well but eventually consumed. Cash flow fills the coffers like a year around stream. Type two understands leapfrogging wealth and the need to transport by way of silver and gold.

Here is what both types should also understand. Silver and gold offer many benefits to those who willingly trade currency for real money, but nothing more beneficial than a hedge value or insurance value. I truly believe both metals offer protection against monetary miscues and fiscal irresponsibility.

At this point some are asking, “Ya, so what, what does it matter as long as I’m protected with PM?” You are correct, kind of. We often hear from PM newbies and all ask the same questions on what, when, and where to buy. Just as necessary is the need to pinpoint your PM objective.

Just like a percentage of wealth should rest in silver AND gold, so should a plan include preparedness (type one) and wealth preservation (type two).

The final question is one only you can answer. Where do you fall?

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COMMENTS & QUESTIONS:

COMMENT (Regarding Rivers of Silver post):

I think you’re right. Fractional silver could very well become a necessity before we know it. Which reminds me that China’s currency used to be silver. I wonder how much they hold now?

You answered very well the argument of why gold and silver will be important when the current system fails. I get a lot of people who say to me you can’t eat gold or silver and live, so it’s better to stack no perishables and learn to grow. But those people in the big cities, in the apartment complexes, they are not going to be able to grow enough to live on other than some herbs in a window.

PROSPECTOR REPLY:  Thanks for the comment, and observation. Correct, most no longer have option to farm, raise cattle or chickens. This has changed over the last 100 years as folks migrated to the comforts of big city life. This migration also created an assumptive nature as we find ourselves dependent on passive services.

Silver and gold offer a fresh level of independence. Like our big city migration, our wealth has migrated too. Unfortunately, this wealth migration has allowed those less than trustworthy entrusted with our savings and retirements. It is now estimated that 56% of America’s economy rests in five Wall Street banks, the same ones too big to fail (joint bank assets compared to a percentage of US economy).

A wealth migration into silver and gold could come quickly or not, we just have no way of knowing. It will arrive and when it does the premium for PM will rise beyond what most can imagine. Now might be a good time to plan for such a time.

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