What’s The Color of Your Money?
One of my favorites from Sesame Street, Kermit the Frog, always said, “It’s not easy being green”. If money could talk, I think every American dollar would be singing that song today. The dollar has suffered a great deal. It’s value continues on a very rocky road. Some are claiming the eventual collapse of the dollar.
The dollar has struggled ever since Nixon took us off the gold standard back in 1971. The green paper that you carry around is not the same as it was way back when. But the price of gold and silver always goes up when the dollar falls down.
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The best investments right now is gold and silver. Commodities. That is your best protection against inflation. There are also some great buys in real estate, if you have access to the capital, but have you seen the price of gold and silver recently?
Gold, at this printing, is about $1200 an ounce, and silver is about $19.00 an once. Actually silver is probably a better buy then gold. According to Robert Kiyosaki, you should be buying silver up right now. Why?
1. There is less silver in the world then there is gold. 2. Silver is used more in manufacturing such as electronics. 3. For every once of gold, I can buy 60 ounces of silver.
Now what if you could trim a hundred dollars off your budget every month? Cut out your Starbucks everyday. Start a carpool from your office. Get rid of a couple of those movie channels you never watch. Take those one hundred Abraham Lincolns and put it into some silver every month. Just think where you could be by the end of the year.
If new years resolutions are your thing, I think this one might be worth looking into. Investing into your families financial future is worth more then that 2.5% you get from the bank.
What if silver went up to $100 an ounce?…. What’s the color of your money now?
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