What is a safe investment during rocky times? Stocks, retirements, 401ks are ready to fall off the cliff again. People now more than ever need to rebuild retirement nest eggs. The whole saying this isnt for everyone is wrong in this case. If you are at retirement age, you do not want a risky investment. If you are in your younger years, risky may not sound as dreadful. The thing with silver is it is safer than a bank account. With many banks failing, I advise everyone to take possession of physical silver dollar coins.
With all the economic conditions out there adding to the fundamental conditions that are stimulating metals growth, the Congressional Budget Office is forecasting that the total U.S.debt will be surpassing $24 trillion by the year 2020. This unveiling and depressing number doesnt account for unfunded liabilities such as Social Security and Medicare, or Fannie Mae. With the Freddie and Fannie Mae added in, the total debt will be estimated to over $100 trillion.
So what does that mean to us? The government is ramping up the printing press to try to postpone the inevitable disastrous outcome for the U.S. economy we are living among the largest transfer of wealth in history. People who do not have silver will be in dire straits.
Even though we all hear or thought about silver and gold on a daily basis very few of us have placed either precious metal into their portfolio. Who knows if it is 1 out of 1000 people, or more that have invested in silver. When even a small additional percentage of the public catches on to the silver opportunity, silver prices could even make a more dramatic rise.