Taking the Leap: To Gold & Silver (Advice)

You can do that at coin shops or mints, but don't buy it through the mail or Internet where your purchases can be tracked.

Don't give you name and buy in cash only.

Why? Because the government recalled it once and they sure can do it again and anyone who says otherwise is fooling themselves.

I would buy more silver due to affordability but you can get smaller amounts of gold too.

Buy it little by little as you can afford some.

And hide it good because in essence you are becoming your own bank.

Also, diversify your purchases by buying coins from several different countries ie: American silver dollars, Vienna Philharmonics, Canadian Maple Leafs, and just bullion silver available from several smaller name mints (which is the cheapest to buy).

Hope this helps.

I agree that gold and other metals may be undervalued. But there should be a lot of great deals out there in terms of foreclosed homes. Make sure you get a fixed-rate mortgate. Then if (when?) hyperinflation hits, you'll be sitting pretty, paying back your loan in later years for a dime on the dollar.

Plus you'll have a place to live, which is important. On the other side of the coin, it depends on how much debt you're getting into vs. how much you can afford.

But I think buying a house that is within your financial limits is something I would consider.

It also depends on how old your kids are. For toddlers, young school age kids, it's a nice lifestyle to be in a house. If the kids are teenagers almost out of high school, then a house may be less important.

Thanks guys.

She is all about paying off debt, as am I. I appreciate the feedback.

We were thinking about silver mainly. We do not have a lot of money, but what we have, we want it to be secure from all the economic turmoil.

As far as a trade, that is what everyone needs to be focusing on.
She is an accountant and I have been in customer service and hospitality for 9 years.

What kind of trade is that: Taking care of people?

I have been brainstorming for the last year or two on what type of move I need to make.

Its tough, but I believe what is happening favors a guy like myself.

I hope and pray everyone is doing good with there adjustments.
God be with us all.

from Sean Fooks out in California. Forgot his company name.

Figure out how you are going to make a living when the economy as we know it ceases to exist. Think of something of value you can provide to the local community in trade for what you will need to survive. Think about food and water. Then learn the skills and acquire the tools and materials you will need to provide the goods or services you have decided to make your trade. Unless you already HAVE a basic trade, in which case you should just stash parts and materials. But if you push paper around for a living, better get cracking on an alternative.

Should be done slowly, not all at once. Do not put all your money in gold. If you have any debt pay it off first.