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To: Spydergoo

Buy and physically own gold/silver to preserve wealth. Gov has three options to deal with debt. Raise taxes, very unpopular and not in a recession; cut gov services, unpopular and finally print money and cause inflation. Third option is painless to the average Joe until he realizes the price rises eating away his savings and earnings. Politician will buy time before he gets heat from angry voters. Politicians will opt for inflating thru low interest and currency printing. The more paper money printed, the more your gold and silver will be worth in paper money over time. Recommend establishing a set time and set amount of money to buy gold/silver. Income average because one cannot predict the top and dips. I recommend silver over gold, and platinum over gold because both are below their historical ratios to gold. Also stock up on food, water, own a firearm with plenty of ammo, stock up on meds and have a get away plan if SHTF. For conservative investors 90 percent cash and 10 percent prec metals.


15 posted on 01/22/2012 9:23:03 PM PST by Fee
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To: Fee
...stock up on meds ...

Well, that is a nice idea, but doctors won't prescribe more than 30 days at a time. If you really need it you might need to take your AR to the pharmacy just as the balloon goes up.

16 posted on 01/22/2012 9:37:31 PM PST by MileHi ( "It's coming down to patriots vs the politicians." - ovrtaxt)
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