Debt Limit Explained…..
This video explains it all….
If after seeing all those zeros at the end of the video doesn’t wake you up about how much our U.S. Dollar is being devauled, nothing will. My main goal with this blog is to begin the education process in this country and to get people to start waking up to the reality of our Federal Reserve and how our monetary system really works. Again, I urge you to start taking control of your future and financial education now. Checking out this blog from time to time is one way to start, but for those of you who want to fast forward your education you really should check out The Elevation Group. The education you will find there is second to none and not found anywhere else. Hope you enjoyed the video, keep stacking that Silver….
Thanks for reading…..
Think Your 401K is Safe? Got Silver?
This is a stunning topic that I feel everyone who works for a living and is funding a 401k really needs to be educated on.
So this is the deal: America is 15 trillon in debt and going north at a astonishing rate everyday with no real solution in site. However, there are millions of 401K and IRA accounts floating around with tons of money (well, at least what’s left after the financial crisis).
So now, according to BusinessWeek, the Treasury and Labor departments are asking for public comment on “the conversion of 401(k) savings and Individuals Retirement Accounts into annuities or other steady payment streams.”
How Would the Conversion Work?
Basically, in order for the conversion to work, the government would take over you retirement savings! In return, it would promise to pay you some type of monthly benefit in your retirement years.
In exchange, workers would be required to invest 5 percent of their pay into a guaranteed retirement account that would be administered by the Social Security Administration.
However, this guaranteed retirement account would actually be an investment in U.S. Treasury bonds that would go toward paying down the huge trillion-dollar budget deficits.
Will This Actually Happen?
While the government is only asking for opinions now, experts think that this conversion will actually happen. It will probably start off as a choice at first; however, as noted by Karl Denniger of the Market Ticker site, “‘Choices’ have a funny way of turning into mandates.”
What’s even more unfortunate is that if the conversion does occur, the benefits based on Treasury bond interest rates may end up being inadequate compensation for years of saving since the government has been suppressing yields since the crisis started.
So what will happen to your retirement savings? There’s no guarantee at this point. Based on the plans, there’s now no clear-cut guarantee of how much would be available at retirement – or whether you’ll have a retirement account at all.
This may be a good time to consider exploring options outside of the 401K and IRA just to make sure you’re able to diversify your savings. This is why I am pounding the table on saving in physical Silver and Gold that you can touch see and feel. Gold and Silver have and will always be real money that will always have true value.
I am urging you now to take control of your own financial destiny and not let the government decide for you. The time is now for financial literacy to rise in America. The best financial education I have found is provided by Mike Dillard’s The Elevation Group. Getting educated on these matters so you can protect you and your family should be priority #1 for everyone.
Thanks for reading…
For more information on investing in Silver, be sure to check out The Elevation Group today!
Silver Value – Get Educated On Silver FIRST
When investing in silver, there are many different assets and commodities that will allow investors to get the most out of their investments.
Without proper education, investing in silver will do you no good…
Thats where The Elevation Group comes in.
It’s run by a site by Mike Dillard, who reveals exactly how to turn this worse economic crisis in history into the investment opportunity of a lifetime.
If you want to learn WHY investing in silver is the right thing to do, when to SELL, and not just blindly follow the herd, then EVG is something you really need to check out.
Most investors will find that they will be interested in purchasing actual silver in order to get the best value on the market; however, without proper financial education, most investors will not know what type of silver is valuable and what is not.
For example, some investors may think that Numismatic or rare coins may be the best route for finding the best Silver Value. While it is true some of these coins are incredibly valuable, they can have huge premiums and can be subject to whatever a dealer or current demand is for these type of coins.
Silver Jewelry is another area where investors may go to find value. While this is also one way to cash in on this silver market, there can be many interpretations on the value of a particular piece of jewelry by various dealers, pawn shops, the internet, etc… Another downfall to this type of investing is the temptation of fraud from the various sources listed above.
Silver bullion is in my opinon one of the best ways to begin investing and adding value. There are many ways to do this from investing in “junk silver” all the way to buying 1000 oz silver bars.
In reference to “junk silver”, I am referring to pre-1965 U.S minted coins. For example; a 1932-1964 Washington quarter is made up of 90% silver and 10% copper. If you use a spot price for silver of $28 today, these quarters have a face value of .25 cents, but a market value of $5.10 per coin!
Those who are interested in finding the best silver value will find that these coins are one of the best investments that are available on the market, and there are many different reasons why investors should consider getting these coins for investment purposes.
But all of this aside, the BEST investment in silver that one can make is to one’s becoming educated in the silver market. Again, that is where EVG comes in. The education that comes from Mike and his team are second to none is this volitile world we live and invest in today. You owe to yourself to check it out.
Thanks for reading.
For more information on investing in silver, be sure to check out The Elevation Group today.
Getting The Best Silver Value; ETF’s or Physical?
One question that comes up from people looking to get the best silver value is whether to buy the physical metal itself, or purchase shares of the iShares Silver Trust better know as the (SLV).
There are videos you can find on YouTube which analyzes the iShares Silver Trust (SLV) prospectus and shows you why it’s a really bad idea to be putting your money in SLV as opposed to buying actual physical silver. I think it’s important to share this with anyone who is interested in getting started with investing in silver and to exercise caution if you think that putting your money in paper metals is the same thing as the physical as far as value is concerned.
What you will discover is that although you can redeem your SLV shares for physical silver delivery, their are many questionable rules that apply to actually obtaining the physical silver, and it seems as if when it actually comes down to taking delivery of the metals you will either be taxed very heavily if the government chooses to on your capital gains, or a majority holder can get rid of the trust altogether such as the government or a hedge fund owning a 75% stake in it if they choose to.
Getting silver delivered to you physically can also be a problem if trading is suspended due to a market crisis such as a hyperinflation event or any kind of so called emergency which does not have a clear definition of what constitutes an emergency leaving it open to any interpretation.
Contrast this to actually holding the physical metal itself. As you can see by doing this instead of the the ETF you eliminate all counterparty risk. One small disadvantage to holding physical silver is the issue of storage. The easiest way is to purchase a home safe and have it securely installed. Another way is to take a look at a company such as GoldMoney which is run by James Turk. There, for a small monthly fee your metals can be physically stored for you in various valuts around the world adding tremendous versatility and value.
The bottom line is if you put your money in iShares Silver Trust (SLV) you are taking a big risk and the chances are that when a crisis arises they will change the rules to either make it impossible to get physical delivery, or not worth it due to you losing money on any capital gains you make on it.
Thanks for reading.
