Technical Candlestick Pattern Analysis for US Dollar, S&P 500, Gold and Crude Oil -

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newdigital, 2015.02.27 05:19

Why You Should Have a Gold and Silver Seat Belt

Take a quick look at our financial system. Have things really improved since the entire global system almost went down in 2008?

• Sure there have been “changes” – for example, your bank most likely has a “bail in” provision added to the fine print of your accounts, letting you know that if they go under due to their own mismanagement, you may be forced to help out with some of your hard-earned funds.
• And try to withdraw a significant amount of money during a financial crisis – odds are you’ll be informed that you can only take out a relatively small amount per week, and oh, by the way “How do you plan to use that withdrawn money?”
• Money market funds and “savings” accounts now pay virtually no interest, but (so far) that’s at least better than in some European countries, where hapless account holders actually have to pay the bank for the privilege of leaving money in their account.
• Massive government debt.
• Underfunded pension plans.
• Trillions of dollars in artificial derivative trading vehicles created by over-leveraged banks, backstopped by Federal government printing of unlimited amounts of paper money.
• “Official” statistics which are constantly “revised” a month or so after they have been released to the public.
• Published inflation rates which don’t include most of the things we use and do on a daily basis. The list goes on and on.

Exchanging some of your “paper promises” (currency) for the physical financial reality of gold and silver on a regular basis makes more than just good business sense. It helps make sure that come what may in your financial life, your “financial insurance policy” will be there to help you out, when, not if, the chickens from so many years of unsound government policies come home to roost. Look toward Argentina, Venezuela, Russia and others as harbingers. Even now, the U.S. inflation rate is arguably several percent higher than the “official” figure. You would do well to pay attention and plan accordingly.