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Having physical gold and silver is a really good idea. Gold will start becoming more difficult to buy in the near future. Paper money has no backing, expect for the word "trust" on it. Once folks lose trust in their governments, Feds, and their ability to make proper decisions (our leaders), money can instantly start losing value. Our Fed is hiding 4.4 Trillion in debt on their balance sheet with only about 58 billion of assets…not good! No way for them to pay it off. That's just a beginning! Gold will go straight up soon. I'm not talking about 1,400/oz; I'm talking well over 10,000/oz…maybe even up to 50K/oz. The Fed can set a gold price of lets say 10K/oz with buy and sell at 10,200 and 9,800/oz respectively and go back to gold back currency. It's the best way to create instant inflation in our current deflationary (depression) environment. All nations are in a pickle (Feds) at zero to neg rates (bad deal, neg rates). There is no way to increase off of zero rates…a constant loop. Raise rates and the markets crash, lower rates below zero and you have serious problems also. We are stuck at ZERO interest RATES…and will never get off. With zero rates comes low growth, which we have in spades, so going back on the gold standard is their best way to get off some. Will it work…yes, but either way, we're in serious trouble. Most folks will lose everything they have in savings and 401Ks. The Feds have screwed us, so…a Brexit. Have some gold and silver also. The dollar will eventually tank and you'll lose the majority of buying power. Gold and silver will help to protect your assets. When the above happens, SSAN, retirements (esp govt retirements) and savings will become almost worthless…just saying.
It has been well over a year since I've commented, but I was right…it's "Deflation."
We're actually in a depression…world-wide, but nobody is admitting it yet. It won't be long now, before the tires come off our economy! Negative rates in the EU are having a very detrimental affect on banks and forcing folks into the casino of Wall Street. It's a total b.s. effort to screw the little guy in an effort to make everything seem better than it actually is. The Goldman Sacs Gang (Dragi and rest) are talking up a big bunch of b.s., but nothing is working. Trillions spent by Feds across the globe have done absolutely nothing to restore order to the financial system; instead…they have bungled it up, and the result will be the coming "reset" of all world economies and disorder by the lower and middle class.
If the banks go bust, so go the people who have money in them. There is not enough insurance to go around or additional government debt to fix the problem!
We are an aging society in the U.S. There will be less demand in the next 15 years. Commodity prices will fall. It's already happening. The dollar is king and will continue to be so. The coming Day of Depression will happen overnight, just like it did in 1929. The stock market will crash and many will be left with little. 2015 will not be a good year. Think 2008 on steroids. This time, it will be worse than the Depression. There will be a complete "reset." Not just here in the U.S., but all over the world. Think "Ferguson" everywhere, especially in large cities.
So…my vote is "Deflation."