When you read the title you probably are thinking that he is suggesting I buy silver jewelry for my wife's Christmas present. No, that is not what I'm suggesting. With the current state of the economy and with the value of the dollar plummeting as we speak you stand to make a significant amount of money and also protect your wealth.
Below are the reasons why you should own silver coins or bullion this Christmas:
1) Wealth Protector. Since 2003, when the silver bull market officially began, silver has appreciated more than 200%. At the same time the Dow Jones Industrial Average is up a whopping 30%.
2) The Dollar Is Worthless. I have yet to understand why we use a currency that is based strictly off of confidence and not on a tangible asset such as gold and silver. Since 2000 the dollar has lost 33% of it's value compared to the Euro. Have you noticed that your gas, electric, and food bill in the last several years has increased significantly while nominal wages have decreased.
3) Limited Supply. As with all tangible assets there is a finite supply of silver on this earth. The United States used to have the largest silver stockpile in the history of the world. In 1970 the U.S. had 350 million ounces of silver. As of 2007 they have about 50 million ounces in inventory. Where did it go? The U.S. government sold it to the industrial industry to keep up with demand for their products such as computers. With very little silver available for investment you stand to profit big time.
4) Printing Press. As the government bailes out everybody under the sun one morning we are all going to wake up with the cost of a loaf of bread $1,000. The money that the government is giving to Wall Street and soon to be Detroit is newly printed money. Money that we do not have. Guess what happens when the government prints more money... you guessed right, Inflation! An invisible tax that we get to pay while the Wall Street CEO's get millions of dollars in bonuses. Once all of this new money makes it out into the market watch out your dollar ain't going to buy you squat. You better own silver by this point or you will be living in a "tent city."
