{"id":37845,"date":"2013-04-26T15:42:48","date_gmt":"2013-04-26T19:42:48","guid":{"rendered":"http:\/\/countingpips.com\/forex-news\/?p=37845"},"modified":"2013-04-26T12:43:12","modified_gmt":"2013-04-26T16:43:12","slug":"how-to-protect-yourself-from-the-end-of-money","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex-news\/2013\/04\/26\/how-to-protect-yourself-from-the-end-of-money\/","title":{"rendered":"How to Protect Yourself From “The End of Money”"},"content":{"rendered":"

By Aaron Gentzler<\/strong><\/p>\n

We are on the cusp of a profound change in our system of money…
\nthe biggest change since President Nixon severed the link between the
\ndollar and gold.<\/p>\n

I call it the “end of money.” Because it will profoundly change our attitudes toward how we save and store capital.<\/strong><\/p>\n

The fiat money system Nixon ushered in has been around for four
\ndecades. Now central banks are taking it to its logical conclusion.
\nThey are “trashing cash” by flooding the system with new dollars,
\npounds, euro, yen and renminbi.<\/p>\n

This debasing of currencies is supposed to trigger a “recovery.” But
\nall it’s triggering is the junking of paper money and frothy stock
\nmarkets. Central banks don’t see this. And they continue to promise to
\nprint money until they see higher inflation rates.<\/p>\n

They should be careful what they wish for. They risk not only
\ntrigger inflation, but also a widespread flight out of paper money and
\ninto “unconventional money” alternatives.<\/p>\n

Why should you care? Because how you choose to store capital is of
\nvital importance. As fund manger Edelweiss Holdings puts it:<\/p>\n

Saving involves sacrifice. Sacrifice requires fortitude.
\nFortitude should be rewarded over time by an accumulation of capital…
\nThere is unlikely to be a second chance to re-accumulate a lifetime’s
\nsavings. When it’s gone, it’s gone. That capital is precious to the
\nsaver.<\/em><\/p>\n

This is an important point… and one that most wealth builders fail to take account of. How<\/em> you save is as important as what<\/em>
\nyou save. Lose your capital due to the collapse of a currency… or
\nother form of “money”… and your savings will go with it.<\/p>\n

As the fiat money system unravels… and as the “end of money”
\napproaches… gold and silver will offer protection. In stark contrast
\nto the avalanche of new paper money issuance, these metals are in
\nfinite supply. This means central banks can’t inflate their value away
\nby creating more of them.<\/p>\n

I recommend you start with silver coins. Buying what’s called “junk silver” is an easy, quick, direct way to begin.<\/p>\n

Don’t let the name fool you. “Junk silver” simply describes a circulated coin that may show some wear.<\/p>\n

Junk silver gives you exposure to silver price increases. It’s also a
\nstrong contrarian buy right now because gold and silver prices are
\ndeeply unloved… and have taken a beating in recent months.<\/p>\n

Junk silver gives you a tangible, portable store of wealth AND the benefit of long-term silver price appreciation.<\/p>\n

You want to focus on coins of 90% silver content. The famous John F.
\nKennedy-faced half-dollar that was minted between 1965 and 1970, for
\nexample, contains 40% silver by weight. That’s not bad. And it is a
\nlarge coin. But for maximum portability, you can do better.<\/p>\n

George Washington-faced quarters from 1934-1964 are 90% silver by
\nweight. Somewhat tougher to find are Franklin Roosevelt-faced dimes
\nminted between 1946 and 1964. These are also 90% silver by weight.<\/p>\n

To get started, you can find rolls or even bags of junk silver on
\nwebsites such as eBay or Etsy. Or you can set up an account with metals
\ndealers providentmetals.com<\/a> or apmex.com<\/a>.<\/p>\n

It’s important to shop around and compare who has the lowest markups and cheapest shipping. Use a site such as kitco.com<\/a>
\nto compare the silver content (by weight) of the coins you’re buying
\nto the current spot price for silver so you know what markup you’re
\npaying.<\/p>\n

And don’t forget about local dealers. A simple Google search will
\nput you in contact with reputable and established dealers near you.<\/p>\n

In fact, starting small and local is a great way to begin a collection of physical gold and silver.<\/p>\n

Junk silver is just the first step to protecting yourself from the
\n“end of money.” In future updates, I’ll be recommending some other
\nunconventional ways to store wealth and protect your capital.<\/p>\n

Best regards,<\/p>\n

Aaron.<\/p>\n

\n
\n

Disclaimer<\/span><\/span><\/span><\/h3>\n
\n

Article brought to you by Inside Investing Daily. Republish
\nwithout charge. Required: Author attribution, links back to original
\ncontent or www.insideinvestingdaily.com<\/a>. Any investment contains risk. Please see our disclaimer<\/a>.<\/em><\/p>\n

 <\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

By Aaron Gentzler We are on the cusp of a profound change in our system of money… the biggest change since President Nixon severed the link between the dollar and gold. I call it the “end of money.” Because it will profoundly change our attitudes toward how we save and store capital. The fiat money … <\/p>\n

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