You've paid attention and done your homework. You understand your nation's financial health is nowhere near what your government, Wall Street, and mainstream news are saying.
You're told the unemployment rate is 6%. You wonder how that could be when one out of three working-age Americans, 90 million souls, are out of work. You have relatives and friends not working, maybe several, and you notice it didn't used to be that way. The numbers sound to you more like Great Depression than Green Shoot Recovery.
Your government puts inflation at 1%, but you see the supermarket has higher prices and smaller packaging. You pay almost twice to fill that gas tank than just a few years ago. You see your paycheck doesn't grow, while government does.
Your Little Voice Inside Is Saying Something’s Not Right
Your research tells you the dollar has lost 99% of its value since 1913. You're thinking your dollars will lose more purchasing power as the years go by... and predictions of a crashing economy and hyperinflation might come true, leaving you ruined financially.
You're pretty sure now someone is lying about something, and maybe everybody's lying about everything.
You're scared. I know, I've been there. You have every right to be scared of what's coming.Then, you take a next step. Your homework points to converting some of your savings into gold and silver to protect your wealth.
Buying precious metals for the first time is a big move; I know.
Now you worry if that's the right decision, that perhaps you don't yet know enough about precious metals. You've heard they make awful investments, while the Dow is hitting all-time highs. When the time comes to convert some cash into gold and silver, once again, you get scared.
Except this time, you have no right to be scared. None at all. Neither do I.
The folks who had a right to be scared – the heroes in this story -- were the folks who ponied up their cash back in the 1990s and through the early 2000s, when gold was bouncing up and down (mostly down) in the $250 area and silver was hanging around at $4 and sometimes $5 per ounce. Gold priced in dollars was down 70% from its 1980 high mark, silver down 90%. Ugly declines.
Those buyers were following their educated instincts that an inept government was printing too much money, that truth was purposely hidden, that lies were coming fast and furiously, that rough times were on the way. They stayed scared whenever their silver and gold took huge hits in dollar value several times along the way, causing them often to doubt their decisions.
Precious metals buyers back in the 1990s felt alone with their suspicions about government and growing debt. They couldn't find very many others who saw things their way. They had summoned their courage to act, but there was no one reinforcing their decisions. And no one was pounding home the gold and silver story.