The Phaserl


Surviving a Monetary Collapse

by Harry Richardson, Silver Seek:

I have been saying for a few years now that buying gold and especially silver bullion was a good idea. If you had followed my advice and bought silver two years ago at $50.00 an ounce you could have sold it a few days ago for a shade under $20.00.

Golden Insurance

To understand why I still stand by my advice, it is important to understand that buying gold and silver bullion should only be partially considered an investment. Instead, it should be viewed primarily as an insurance policy against monetary debasement/collapse. Whilst most of us have house insurance, the fact that our houses didn’t burn to the ground makes that policy a lousy investment. That still doesn’t mean it was a mistake to buy the policy. Over the last two years the cost of a silver insurance policy was steep, but I still believe it was worth the price.

In my last article:

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1 comment to Surviving a Monetary Collapse

  • Eric

    Seems like I keep saying these things over and over and over and over. Does anyone else know what it’s like to talk to morons that seem to get dumber on a daily basis? Greed has poisoned men’s souls. All they care about is profit. The only reason anyone does anything anymore is for money. EVERYONE needs to start thinking for themselves! We can’t just give you the answers. We can show you the doors or the rabbit holes and guide you, but YOU are the one that needs to go through them. If it sounds like I’m frustrated, it’s because I have good reason.

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