You Can’t Eat Gold… But It’s Portable, Easy To Trade and Confiscation-Proof

If you need cooking oil you have to exchange it for gold. If you need soap you have to exchange it for gold. Everything is gold, gold, gold…

For everything they want gold…

Residents, Zimbabwe (2009)
(Watch Video Below)

gold-for-dinnerIf you’ve conducted even a preliminary investigation into the global economic situation you’ve likely concluded that something isn’t right. As noted previously, all of the evidence points to serious economic failure in the very near future as our day of reckoning approaches. The decline itself has been taking place for years and we’ve seen it happen all around us.  Rather than delve into evermore evidence for why a collapse of our way of life is inevitable, the following guide from our friend Daniel Ameduri of Future Money Trends provides actionable advice designed to preserve your wealth during hard times and protect it from a government hellbent on confiscating it at the first chance they get.

What it all boils down to is owning assets of (real) value. Much of this is dependent on our individual means, but the overall strategy should be similar for everyone: diversification. This can mean long-term food stores, bartering supplies, skills development, acquisition of productive land or, in the case outlined by Daniel below, owning mechanisms of exchange that have been tried and tested for centuries across the entire globe.

Whatever your approach, consider the points Daniel highlights below as you build your own collapse insurance stockpiles. Though his article focuses on gold and silver as future currencies in the event of a US dollar crash, your other supplies should have a similar elasticity and desirability in the (underground) marketplace.

Despite our best laid plans, keep in mind that in a collapse scenario we’ll be faced with situations for which it may be impossible to fully prepare for in advance. That being said, whether you are storing gold or stockpiling food, be sure that at least some of your supplies are portable, confiscation-proof, and easy to trade in a worst case scenario.

7 Reasons You Should be Saving in Gold
by Daniel Ameduri

When it comes to saving a portion of your earnings, an error most people make is to save their wealth in man-made currencies. These currencies are controlled by central planners, regularly manipulated, and created out of thin air without regard for the value of the currency you have in your wallet.

In the digital age, accounts holding these currencies can be frozen, easily confiscated, and tracked.

I personally advocate saving in gold or other precious metals like silver, palladium, or platinum. A combination of truths lead me to this simple savings strategy:

7. Lawsuit proof, not technically, but the fact is no one knows how much gold you have, it is a private matter. Gold is “off the books” when it comes to financial accounting.

6. A history of being money, an independent unit of account that is the same no matter where it was mined or how old it is. It is a constant measurement of value, you can take a gold piece anywhere in the world and it will have value. This is much different than a fiat currency, once outside of your nation’s borders, a currency may not be generally accepted. You also have thousands of fiat currencies that no longer have any value, like the U.S. Continental or the Confederate States of America dollar.

5. It can’t go to zero. Zero value for gold isn’t an option, hasn’t ever happened and never will. The process to get a 1 ounce gold coin to you has hundreds of man hours behind it, maybe even thousands if you consider the full operation of gold exploration, production, refinement, and delivery.

This is the entire point of saving your wealth, you save to not lose. I understand that you can measure gold vs. the dollar, or gold vs. oil, and that its price will fluctuate, but the value in gold itself does not change.

4. The currency printers are hoarding it. When the most powerful group of people in the world, the central bankers, desire to have 1 asset, then that alone should get your attention. Central banks who print the currencies that the masses treat as a store of value, those central banks buy and store physical gold, not silver, not houses, not oil, they own gold! If it is good enough for the masters of this world, then it’s good enough for me.

3. Financial insurance. When it all hits the fan…Be that a government or economic collapse, at the end of the day, gold survives. It still has value in the new world. It also makes for a great “start over fund” for the reasons listed above, it won’t go to zero and it’s private money.

2. Portable. I think it’s important that if you need to, you could easily carry or move your wealth to a different region. Just to give you an idea, $ 200,000 in gold is about the size of a VHS tape. Your fiat currencies are typically tied up over the weekend and on bank holidays; in fact, even if you wanted to physically get your cash, you couldn’t unless you gave your bank a 72 hour notice for withdraws over $ 5,000.

1. Legacy wealth. Gold is something you can safely store away knowing that it is something of great value that you can pass on to your children and your children’s children.

It is a safe stash of value that you can tap into when you are in your “golden” years or at anytime throughout your life.

Ultimately when you are saving a portion of your earnings, you want to protect and preserve it. Gold, in my opinion, along with the other precious metals, are the best way to achieve the objective of saving money by preserving both the value of your savings and protecting it from unwanted dangers, like government and civil litigation.

You can follow Future Money Trends via their web site or subscribe to their free Weekly Wealth Digest newsletter for regularly updates wealth building strategies and global commentary.

The argument often put forth regarding gold and silver as collapse insurance  is that “you can’t eat it.”

True.

But even in Zimbabwe, where a loaf of bread cost a trillion Zimbabwe dollars at one point, gold held an important role. Those who had no supplies, or lost them over the many years of currency destruction, eventually resorted to gold panning and trade to acquire food on a daily basis.

The point being that, so long as your asset is desirable somewhere in the world there will be someone willing to trade for it.

Watch the following video and see this concept being applied in the real world:

What’s in your emergency wallet?


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You

Fed’s Dirty Little Secret: “The Gold Isn’t There… Exists as Paper IOU’s”

The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong.

That’s exactly what Germany expected would happen last year when the country requested that the Federal Reserve return about one-fifth of their gold reserves. But that’s when things got really dicey. The Fed announced that Germany’s gold would be returned… but it would take seven years to get back home.

The response to Germany’s request turned heads all over the world and raised concerns that the Federal Reserve had squandered its gold holdings. But this isn’t the only red flag that was raised. Public pressure reached such levels that the Fed was forced to take steps to maintain confidence in its operations, so it started shipping gold to Germany. Except it turns out that the gold being sent back to the Bundesbank wasn’t actually German gold. It contained none of the original serial numbers, had no hallmarks, and was reportedly just recently melted.

The implications are earth shattering and hit the very core of the problems facing America today. The whole system as it exists is just one big paper IOU.

In this must-watch interview with Future Money TrendsJefferson Financial CEO Brien Lunden weighs in on Germany’s gold, what is happening at the Fed and what other central banks are doing right now. Brien also shares his thoughts on where the gold market is today, what to expect in coming years as gold supplies tighten up, how mining companies like Brazil Resources are taking advantage of the current environment, and how to profit from gold in coming years.


(Full transcript and interview)

For the reply to be that it would take seven years for this Gold to be sent back to you, your Gold to be sent back to you, was an obvious admission that the Gold just isn’t there.

Yes, it’s an admission that the German reserves were not still sitting there in the vault in the same form that they were sent there after WWII. They were not the original Central Bank Gold bars, same serial numbers etc. It’s an admission that at some point since then, that Gold has been used for other purposes.

So the dirty little secret here, is that a significant portion of central bank Gold reserves, including the U.S., don’t exist now in their original bar form. In fact, they exist as IOU’s, paper IOU’s, from the very banks that were bailed out in 2008 by the Federal Reserve.

So the Gold isn’t there, and the secret that they’re hiding is that it’s been replaced by IOU’s, and importantly those IOU’s are for Gold that was borrowed at much lower prices.

The Fed, through their recent actions, has essentially admitted that the gold stored in their vaults isn’t really there. Just as our government refuses to be openly transparent to with the American people, the Fed has resisted all calls to open their books (and vaults) to impartial third-party accountants for review.

The whole system, it seems, is now operating on IOU’s. Be it consumers, banks, the Fed or even the US government, all of the US dollars being exchanged are nothing but worthless pieces of paper, because given the lack of transparency at the Fed, we have to assume that the physical assets supposedly backing all this currency have already been spent.

Are we wrong in making this assumption?

If you were to store some emergency funds with a friend who promised to get them back to you whenever you asked, and then you ask and are told it’ll be a few years before he’ll get you the cash, what assumption would you make?  That your friend has the money on him right now, or that he’s used it for other purposes and doesn’t really know exactly when he’ll have it available for repayment?

Our entire consumer economy, as well as the credit worthiness of our nation, is built upon confidence. It’s took decades to get America in a position where our country’s monetary issues and services would be trusted by the international community. It’s taken just a few years for that confidence to be lost.

It’s now only a matter of time before our creditors and global investors pull the plug on the whole thing.

empty-vault


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You

Top Strategist: A Shocking Revelation About Gold Mining Companies

Within the first week of 2014 U.K.’s Royal Mint announced they had completely sold out of sovereign gold coins. On the other side of the pond, the U.S. Mint reports that the sale of silver coins hit an all-time high at the end of 2013, proving that demand for physical precious metals has not abated.

Yet, as investors the world over buy up as much physical gold as they can get their hands on, the companies that produce the gold have seen their stock prices decimated. Whether it’s the work of the shadow banking system or because Wall Street has convinced Main Street to dump their shares, precious metals have seen a significant drop from their historical highs just a couple years ago.

Top Casey Research strategist Marin Katusa gives us a shocking revelation about just how hard gold mining companies have been hit:

I have a document [from our leasing agent] that says because of the junior mining shut downs there’s over half a million square feet available in downtown Vancouver for office lease available at a big discount.

Do you know what it was a year and a half ago? Less than 50,000 square feet.

In the following interview with Future Money Trends Marin Katusa provides an insightful and in depth discussion on why this is exactly the kind of environment investors look for and how you can position yourself for success, whether you’re preparing for a scenario when precious metals become a bartering mechanism for trade or you want to diversify your retirement portfolio into investments that will survive under stressful financial conditions such as those we saw following the 2008 collapse.

When you’re in the valley of darkness, the right trade is the lonely trade, it’s not an easy trade to do.


(Full transcript available at Future Money Trends)

It seems that the masses have been convinced the recession has ended and good times have returned. They’ve dumped their ownership in gold companies and jumped into broader stock markets full force. Everyone else is doing it, so it must be the right thing to do.

Whatever steps you’ve taken to insulate yourself against the impending destruction of our currency, national credit worthiness and financial markets, there have probably been times when you’ve felt like a loner.

But sometimes it’s good to be the loner. This is where the real opportunities are found.

And right now, as we sit on the cusp of a global economic crisis, it’s those of us in the valley of darkness that are preparing ourselves for a brighter future.


SHTF Plan – When It Hits The Fan, Don’t Say We Didn’t Warn You