Update 5/2011 We've seen silver head to nearly $50/ounce! Be wise as with all try to buy low. Also keep in mind that other hard assets is just as important! Copper, food, survival gear, etc. As the price of the American dollar falls - all these assets become MORE valuable! It's an investment. Also - if the American dollar does tank - and our Gov tries to issue new currency ... you could (if we lucky) 10 cents on the dollar for your current money including retirement funds! I would strongly urge all to cash out if not all, at least some of the value of thees funds and reinvest the money in "hard Assets" that you can control directly. That goes for stocks, bonds, any thing invested where you hold "paper" on that investment. Now I'm not trying to be a gloom & doomed type ... but let's face the facts. I told many, even my girl friend back when silver was $18! She smiles at me but never even purchased 1 ounce for her self. Fortunately she likes jewelry ... so even that can be an investment especially if you check Ebay for some of the sales! All I ask is that you be smart. Protect what you have and find folks that you can count on and that wont stab you in the back. When times do get down to the Almighty nickle - some folks will try to steal. Be aware, and protect yourself and those you love. Even girlfriends that wont listen to your brilliant common sense lol. Be well friends! This is mike in maine.
A Prophetic Dream. I told all my friends when silver was at $18 ... and now look at it! Please note: my domain name for my silver web site is no longer active ..... (WSU500.info)
Cash in some or all of your retirement funds. Take the penalty, up to 10% and pay the taxes next year. (20% taken immediately plus your state taxes if any) Your retirement fund is based on the dollar! Guess what folks, if the dollar is reduced in value or hyper-inflated (decreasing value) your retirement won't to be worth the value of the paper or in other clear terms, your investment WILL BE IN THE crapper!
I've cashed all of my $235.95 retirement fund and purchased silver with it. Unfortunately, I had cancer surgery last year ... but I still have pants2 wear + some cool Ts on my back.... a parked 20' box truck with all my tools inside & two box storage trailers.
potential 100% devaluation by year end 2012
http://www.youtube.com/watch?v=8PCd3Hk3uJg&feature=related
The dollar is a petrol dollar. Nations are asking for "other" forms of payments. In fact, China "told" the US to promote the "CASH for CLUNKERS" program so they would receive the steel junk products from the program. Perfectly good autos being destroyed and customers getting again into debt to buy a new car. From no payments to you guessed it. DoeRayMe...
Formal devaluation: $1 for $3 ... or the real value.
Projection 40-55% by year end 2010!
Gold $1,000/ounce up (1,500-2,000) - loose 50% dollar, price of Gold will go up in value. The Government could confiscate your gold - save your silver coins!
Work 40 hrs/week - working for paper while the Government is using our money to buy "intangible" objects for the few, the Ellette. Transferring our wealth & will make us a third world country. China will be the leading country of the world. The Ellette will make China stronger.
Please pass this movie on ... this is important information for you, your family and the other families that get this message and take steps to correct or prevent financial ruin in their YOUR lives. My message is clear folks..... I AM Michael .....
God Bless All!
Can you be a tad bit more specific iaf000?
MEMmaker3 1 year ago
whackitov, your absolutely correct & I agree totally w/you! I have a stock of seeds & other tools, etc that I can use to build a shelter etc. I also have those skills. What I am talking about is protecting the value of what we have by divesting away from fiat money. That does not take away from your view in any way my friend which I find to be a compliment to my position here. Thank you for the wisdom of your comment friend!
MEMmaker3 1 year ago
@MEMmaker3 im with you on the lucid dreams also, i have had quite a few, mostly im given sanskrit words within my dreams and believe me, i do not know any sanskrit.
one word given was 'mukti' it was written on a wooden staff i was handed by my guide, a quick wiki check will tell you what it means, but like your dream i still remember mine in very intricate detail 12 months later.
i believe the message in your dream is to invest in tangible tradeables, like the silver dollar had tangible value
whackitov 1 year ago
@whackitov mukti — liberation; universal sacred language ... we are all at different places in our lives but we are also all tied to each other & Mother Earth. We will all experience the coming change, unfortunately; some better then others.
MEMmaker3 1 year ago
In your own words silvercelli - "decline" - I read the paper this morning about Greece vs the EURO. Geithner & Paulson, case for financial system "overhaul. & how the bail outs "propped" up the system for the short haul. We are on "borrowed" time folks.... gotta go, I can smell the coffee
MEMmaker3 1 year ago