Helpful miscellaneous articles
regarding our retirement plan and planning.
Like you, I review my retirement nestegg and plan from time to
time. Recently, I went though some
continued education for some credentials I maintain and it occurred to me that
we all could use a review about these issues.
So with your help, we will share and post articles and info that may be
helpful and of interest to many of you in this section.
I think the following member makes some very
good points. I personally believe in
precious metals but there are a number of people that do not believe
that gold or silver is a very useful investment. I would guess that none
of us know exactly what will take place with our paper money economy but it is
very interesting to hear views like the following. Thanks for the input
(Name withheld because of his request)
Mark,
I always appreciate what you do for us in publishing your newsletter. I do however feel I need to comment on the advice by Jeff Rose. In my opinion he is so much like most of the CFP group, and by following their advice, one will likely end up very badly in this economy. Nothing at all is even mentioned about precious metals, which is the only investment that cannot be printed in unlimited amounts by the Fed. Money in the bank is a great risk of “bail ins” “negative interest rates” and all kind of shenanigans that will separate investors with their money. There is a reason they want to eliminate currency from existence and make everything digital, so they can control our finances and charge us whatever they want to. I don't like what I see coming and fairly soon.
Thank you Mark for your kind words. Less than 5% of folks have any interest in the metals, and those who buy contracts and other paper gold, will find out sadly that for every oz. of physical gold there are about 500 oz. of paper gold that everyone thinks that they will be able to convert to physical gold. That means that 499 will be left empty handed. I have heard that those who own paper gold will likely receive a letter from however promised it declaring “force majeure” to avoid fulfilling their promise to pay in physical gold. They likely will be paid in cash based on the previous nights closing price, and require you to wait for weeks to get your money, while gold is increasing in price $100 per day or maybe $500 per day, and your cash is losing buying power rapidly while you wait. I have studied the metals for about 25 years, and feel silver will out perform gold if one has the stomach for the volatility. With a silver to gold ratio near 80 to 1, when traditionally it has been 16 to 1 there is a lot of catching up to do, especially since there is about 4 times as much gold in existence as silver, and nearly all of the gold ever mined is still in existence and most of them silver has been used in hundreds of ways that can never be recovered.
I always appreciate what you do for us in publishing your newsletter. I do however feel I need to comment on the advice by Jeff Rose. In my opinion he is so much like most of the CFP group, and by following their advice, one will likely end up very badly in this economy. Nothing at all is even mentioned about precious metals, which is the only investment that cannot be printed in unlimited amounts by the Fed. Money in the bank is a great risk of “bail ins” “negative interest rates” and all kind of shenanigans that will separate investors with their money. There is a reason they want to eliminate currency from existence and make everything digital, so they can control our finances and charge us whatever they want to. I don't like what I see coming and fairly soon.
Thank you Mark for your kind words. Less than 5% of folks have any interest in the metals, and those who buy contracts and other paper gold, will find out sadly that for every oz. of physical gold there are about 500 oz. of paper gold that everyone thinks that they will be able to convert to physical gold. That means that 499 will be left empty handed. I have heard that those who own paper gold will likely receive a letter from however promised it declaring “force majeure” to avoid fulfilling their promise to pay in physical gold. They likely will be paid in cash based on the previous nights closing price, and require you to wait for weeks to get your money, while gold is increasing in price $100 per day or maybe $500 per day, and your cash is losing buying power rapidly while you wait. I have studied the metals for about 25 years, and feel silver will out perform gold if one has the stomach for the volatility. With a silver to gold ratio near 80 to 1, when traditionally it has been 16 to 1 there is a lot of catching up to do, especially since there is about 4 times as much gold in existence as silver, and nearly all of the gold ever mined is still in existence and most of them silver has been used in hundreds of ways that can never be recovered.
+++++
Current video from CNBC about the
metals market which agrees with the above member.
~~~~~~~~~
(As
with any of these informative articles, anyone who needs someone to talk to
about
this
very subject contact me and I can direct you to a knowledgeable advisor).
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