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Economy: Buy Gold and Silver Now

Updated on July 17, 2016

Silver and Gold Panda

2012 1 oz CHINA PANDA SILVER COIN, 1 Oz, .999, with mint capsule. The chemical symbol for silver is Ag.
2012 1 oz CHINA PANDA SILVER COIN, 1 Oz, .999, with mint capsule. The chemical symbol for silver is Ag. | Source
2010 GOLD PANDA 1/20 OZ COIN UNCIRCULATED. The chemical symbol for gold is Au.
2010 GOLD PANDA 1/20 OZ COIN UNCIRCULATED. The chemical symbol for gold is Au. | Source

Economy: Gold and Silver

This is not about buying gold and silver as an investment. It is to protect the current value of your money. U.S. dollars used to be backed by gold and silver so it could not be produced with just paper and ink. Ron Paul has said for decades that U.S. dollars need to be backed by gold and silver again.

Now the United States is printing money with paper and ink and since it is not backed by anything, there is no limit to how much they can print up. When they print up new money (not to replace bills that are destroyed since they are old) it causes your money to be worth less.

You need to keep your money in some form but having it in U.S. dollars is very risky. The state of Utah has already made gold and silver legal tender there and other states are trying to pass similar bills. See my article about Why Does an Ounce of Silver Weigh More Than an Ounce of Iron to see more information on the states and what their similar bills are.

Latest News May 2, 2013

On April 19, 2013 the Arizona House of Representatives passed a bill making gold and silver legal tender in Arizona. Then on April 30, 2013 the Arizona Senate approved it. All that is left is for Governor Jan Brewer to sign it to make it law. Also right now silver and gold are lower than they have been for over a year so this may be a good time to buy.

I read that Ron Paul has most of his money in silver mine stocks. A good investment (check it out yourself--see this webpage for a list on most recent articles on it) is Silver Wheaton (SLW), listed with silver mine stocks but it is not a silver mine.

It is a huge silver streaming company. It has already invested in around 20 mines to have the option to buy silver at around $4 an ounce from them. Like the others, it depends on the price of silver but this company can do better than the others even if silver stays low. I am suggesting that you check it out yourself. Some people say that this pays you a dividend every quarter unlike just possessing silver.

Back to Article

This article was written July 11, 2012. Here is a June 27, 2012 article called Faber: '100% Chance' of Global Recession. It says:

NEW YORK — Investors need to prepare for a global recession.

According to Marc Faber, the author of the Gloom, Boom, and Doom Report, a global recession is all but a certainty later this year or in early 2013.

Without appearing on CNBC or being known by a scary nickname, Robert Wiedemer did what Marc Faber couldn't: He accurately predicted the economic collapse that almost sunk the United States.

In a recent interview for his newest book Aftershock, Wiedemer says, “The data is clear, 50 percent unemployment, a 90 percent stock market drop, and 100 percent annual inflation . . . starting in 2012.”

The website above has a video interview with Robert Wiedemer, but it tries to give you a free book by buying their newsletter for $49. You can buy this book below from There is a July 3, 2012 article called Economist Schiff: Upcoming Crash Will Pale 2008. It says:

Peter Schiff, the CEO of Euro Pacific Capital, says the stock market collapse we experienced in 2008 “wasn’t the real crash. The real crash is coming.”

The risk lies in the dollar.

Please note that if these experts are wrong, you can always cash your gold and silver in for U.S. dollars or go to a U.S. state where it is legal tender and just spend it there. I do not believe in spreading fear which is an emotion. Many years ago I drove a cab part time. When I did this I was not afraid of being robbed or killed since that would do me no good.

But I was cautious and careful. I did not keep most of my money in my wallet. In fact my grandfather carried thousands of dollars of cash wherever he went, in case he ever found a great cash deal. But his wallet was a fake with only a few dollars in it. He kept the big cash somewhere else on him. Also I was careful to not put myself in dangerous conditions. So I actually enjoyed driving a cab, meeting new people and having some great conversations with some wonderful people.

My favorite time of driving a cab was when the University of Pennsylvania students were graduating. I got to talk to the students and their parents. Some of the parents were poor and loved how their child was graduating from a great Ivy League college. UPenn has the number one business school in the country where Donald Trump graduated from called the Wharton School.

I was talking to this one student, Jen Abrams, that went to the Wharton School. I gave her a catalog of herbal health products that included products that helped people to lose weight. Before this we were having an awesome conversation. She said that she needed to lose weight. I told her that she did not need to lose weight. She said that her doctor told her that she needed to lose 7 pounds. I said "You do not need to lose 7 pounds because you are perfect!" She said "No, you are perfect! You are the best cab driver I have ever had."

Something indescribable happened during that conversation. That was the best conversation that I ever had and it was with a complete stranger. I have had lots of conversations with lots of people especially at yard sales. In fact I picked up her and her date at a nice restaurant so I knew it was a date. He opened the cab door for her and said "watch your head" as she was getting in. So I usually talk to UPenn students but decided to not have a conversation with this couple since they were on a date. But I asked one question and it went from there. I went to her Wharton graduation. The point is that you can be cautious and enjoy your life.

Here is an interview with John Embry. He is a world renowned expert on the gold market. He is asked great questions like are currencies losing value, does printing money work and "Do you view gold and silver as commodities?" He answers this:

I view gold and silver as monetary metals. The mainstream news media conflates gold and silver with industrial commodities [like coffee and oil], but they’re really a competitor to the currency system. Gold is the antithesis of paper money.

He also says that people are complacent because of cognitive dissonance. This is a psychological term referring to people being uncomfortable believing in something that goes against their actions. For example adults that want to have sex with children will say that it is a good thing to do. You do not have people saying that it is a good thing to do even though they do not want to do it. Also they may say that they do smoke cigarettes and admit that it is bad for them. That is fine, but does stop them from being influenced from cognitive dissonance with something else.

Thomas Jefferson said:

I beleive that banking institutions are more dangerous to our liberties than standing armies.

If the American people ever allow private banks to control the issue of their currency,.. the banks will deprive the people of all property until their chidren wake-up homeless on the continent their fathers conqured.

There is an article in Forbes Magazine (February 2012) saying that Ron Paul is like Thomas Jefferson except without the black slaves. See this article: Why Vote for Ron Paul For President in 2012. Note that when I mentioned this article on Twitter, some guy was saying that they were not exactly the same. So I replied that I did not say that Ron Paul was the reincarnation of Thomas Jefferson (which may be possible) or that he was a clone of Thomas Jefferson. I also pointed out that Thomas Jefferson had black slaves and there is a rumor that he fathered a child with a black slave and Ron Paul never had any black slaves!

July 12, 2012 Interview with Steve Forbes

In this interview, Forbes: How to Bring Back America, Steve Forbes says the following:

HRN [Hera Research Newsletter]: You advocate the gold standard?

Steve Forbes: If there’s any better system to ensure a stable value for money, it’s yet to be found. For nearly all of America’s first 200 years, the dollar was linked to gold. Since we went off the gold standard, we’ve had more and more financial, economic and banking crises. For example, if the Federal Reserve hadn’t started to print so much money ten years ago, we wouldn’t have experienced the housing bust or the commodities boom or the sovereign debt crisis in Europe. Eventually, events become a persuasive teacher.

Debt Bomb: Global Financial Crises Stripped Bare

This 9 minute video concludes with buying gold and silver and other suggestions.

Silver and Gold Coins and Books


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    • profile image


      7 years ago

      why keep your money in fiet money, in my opinion gold or silver bullion is better than strips of paper. :D

    • Chuck Bluestein profile imageAUTHOR

      Chuck Bluestein 

      7 years ago from Morristown, AZ, USA

      Thanks Christy. I just had that idea today before seeing this. But I have to be careful since this is not a blog, they do not want stories to be totally personal. So I will have to add some general information. Maybe I read your mind or you read my mnd.

    • ChristyWrites profile image

      Christy Birmingham 

      7 years ago from British Columbia, Canada

      You should write more about your adventures as a cab driver! I am going to repin this one on Pinterest. It's a timely article.

    • lifehealpraise profile image


      7 years ago from South Florida

      I sold a bunch of gold a few years ago because it was just sitting around in a jewelry box for a long time =(. Dad has suggested keeping cash under your bed instead of in the banks...

    • AnnRandolph profile image


      7 years ago

      Thanks for this useful information. I've been hearing about this everywhere.

    • chamilj profile image


      7 years ago from Sri Lanka

      Thanks for the golden investment tip!!!


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