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Robert T. Kiyosaki hypothesizes in his book “Rich Dad’s Cash Flow,” among other topics, the cause and effect of many of the changes in world history. For example, the industrial age began or was born during the “Renaissance”, that is, from the 15th to the 17th century. This age ended on September 11, 2001 (September 11). On that date or shortly thereafter, the “Age of Technology” was born.
Before 9/11, you would get an education, find a job, work for 30 to 40 years, and then retire with a nice pension and welfare from the government called Social Security. In today’s world, and specifically for us in the US, the future looks and remains bleak (Webster, neither promising nor hopeful).
There is a way out and it is to exchange your -fall in value- “toilet paper”, “fiduciary” money, dollar, for gold and / or silver. This is probably the best option you could have if the dollar, euro, peso, pound, etc., keep falling. Gold and silver coins are really the only things of value, especially new minted MS70 rated coins.
Even if the world survived this recession and possibly the next depression (?), Gold and silver will retain their value. Can they even become more valuable?
I hope and pray that we in America never experience what happened in Germany in 1922-23. A story has been told about how a worker was paid in worthless German marks, the national currency. He loaded his wheelbarrow with his salary and ran to the nearest grocery store, pushing his wheelbarrow. Then there were no “Supermarkets”. He more or less parked his wheelbarrow in front of the store, ran in to check prices. When he returned to his wheelbarrow, he was gone and his salary was thrown on the sidewalk.
It was so bad in Germany at that time, that even every town and city had its own printing presses and printed worthless paper money and promissory notes. They even minted clay coins. At the height of inflation, for example, it took more than 2.4 trillion German marks to exchange for one (1) US dollar. Even though I’m on the hill and still not down the hill and I don’t have a wheelbarrow and I hope I never have one?
Today, November 16, 2010, the stock market took a major hit. The dollar for the moment has risen in value. The euro is down. Oil is down and so are silver and gold! The signs can indicate something good, but can the signs also predict something bad? Nobody knows? I sure don’t know! But one thing is for sure that I am betting on silver and gold!
You also should!
