As the world prepares for the inevitable “Great Reset” of our monetary system, many are left wondering what are some safe ways to protect their wealth. Think about it. When was the last time you spent actual, physical cash on something? With our monetary system almost entirely digital in the way we conduct transactions, it’s no wonder people are a little nervous when people refer to a “great reset.” It’s almost as if it’s like talking about resetting a great computer, which is a little disconcerting. How do you plan and budget for your retirement when folks are talking about turning the entire system upside down?
So, is it any wonder that with all this talk of resets and New World Orders and SHTF and TEOTWAWKI and . . . that folks are rushing to precious metals? And I’m not talking about investing in mining companies, I’m talking about going to coin shops and buying actual, physical gold and silver.
There’s something about holding physical gold and silver that brings some sense of security to a person. That’s because precious metals are the one financial system that has withstood every single economic disaster in world history. That’s right. We’re talking thousands of years. When Joseph was sold into Egypt, they bought him with silver, not pottery. When Judas betrayed Jesus, he was paid with silver not shells. Silver and gold have always retained a strong value and always will.
Recently, I went into a local coin shop, two weeks after the Gamestop drama, and the owners of the shop told me that while Gamestop was going through it’s rally, there was a rush on silver. The demand at their store was so great that a line was formed outside the store and down the sidewalk!
All time highs
Silver is at all time highs right now, hovering around $50 for monetized 1 oz Eagles. However, there are some prognosticators who are predicting a future run to the $10,000 per oz level. Now, that seems a bit extraordinary to me. But then again we live in truly extraordinary times.
The way I look at it is this: It’s super easy for me to psychologically convince myself in the wisdom of investing in gold and silver? Why? Because, it’s an investment that retains value. It’s not just buying a coin. And unlike a 401(k) investment, which you never really get to hold and enjoy while it’s baking, you can hold and enjoy your precious metals. Indeed, you can turn it into a fun hobby! It’s a win-win.
So whether silver slowly inches up in value or soars in value, the truth is, it will always have strong value!