Silver Coin Ownership Protects Against Hyperinflation
Silver Snowball Preparation Today
Question: What can you can do to prepare for inflation?
If you want to prepare for disater then the best way is to be silver rich. The inverse ratio of gold prices to silver is changing to reflect actual stockpiles.
So what can the prudent person do to protect his current and future wealth from inflation? One consideration is to invest in precious metals such as gold and or silver. As the dollar declines there is a proportionate upswing in the value of long term assets.
Changing economic conditions can drive prices out of reach of the average person. Investments that may be worth $1000 one week may be worth and cost $1500 the next.
Complacency is the enemy of prudent change. Keep in mind that most of our money today is not in physical wheelbarrows but electronic form. The value of that currency can be dictated by the government. That dictate is influenced and driven by ineffective fiscal policies that perpetuate an overabundance of currency which increases the price of everything.
Unless you have taken a recent accounting of your financial assets you may be going broke without knowing it. This is a frightening thought as everything you have worked for may be eroding in value.
One of the keys to maintaining your awareness is to notice the price of the small things you pay for. For instance did that candy bar today cost more than three months ago. How much did the gallon of milk and bread cost compared to last year. Sometimes the truth is in the details.
So what are the minimal practical things you can do to prepare not only yourself but also your family?
The acronym SIAM applies to the following list.
1. ( S ) Subscribe to financial publications or at least get a library card and visit your local library. Use the reference department to examine publications that have information about precious metals such as silver coins.
2. ( I ) Increase your circle of acquaintances. If an emergency happens you may be only two or three people away from who you need to help you.
3. ( A ) Align yourself with organizations of like minded individuals who are taking steps to preserve their wealth.
4. ( M ) Maintain and improve your health. You cannot help anyone if you are sick. And do not forget to pray for those in positions of authority.
You cannot escape taxes, death, or inflation. However you can take every opportunity to prepare for, negate, and prosper in each area of life. And not to be overlooked, buy as much silver bullion or coins that you can afford. If you can buy gold, the better.
Keep in mind that gold is hoarded, and silver is used to barter. Live long and prosper.
Future article in this series:
Hyperinflation in America: Protect Yourself With Silver.
Ronald Roberts has a lifelong interest in economics and business. A former military officer and MPA graduate, his favorite quote is: Never despise a humble beginning.
Please leave a comment in the comment box below. Let me know what you think about this article. Thank you.
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