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I don’t claim to be an expert on currencies but I know I’m not alone when I say something’s happening in the financial world. From what I can tell, the dollar is falling and it’s dragging the other currencies down with it. The printing presses in the U.S. are pumping out massive amounts of cash and the other nations around the world are forced to do the same. The way I understand it, the other leading countries have to follow suit and dilute their currency along with America, otherwise the world may be in for another financial tidal wave like the one in 2008.
I don’t say this to scare people, I say it to get people to look at a trend, and unfortunately, the trend is the falling dollar. The reasons for the consistent drop in the dollar can be attributed to a lot of things. Most recently it is due to the massive increase in government spending. I’m not here to point fingers at the current administration because the wheels have been set in motion for quite some time now. The reality is that the currencies are doing what they’re doing and there’s not much I (or really anyone) can do about it except to prepare for it.
Here’s a small example of what I’m talking about. A Ford Mustang in 1966 was 2,500 dollars. That’s either paper dollars or 1 oz. silver dollars. These days 2,500 silver dollars will buy 3 brand new Mustangs, and after you paid for them you’d still have money left over to go on a very nice vacation. Personally, I’d say something’s off.
This leads me to the main question. Are precious metals going up or is paper money going down? I like the idea that gold and precious metals are the next big bubble because that means the purchasing power of the dollar is going to bounce back. Unfortunately, I don’t see that happening. I see a government that will continue to print money out of thin air until we’re using bundles of paper dollars to keep warm in the winter. I know it’s a bleak view of America’s currency, but just remember that more millionaires were made during the Great Depression than any other time in history.
What I’ve come to understand is that the wealth in the world isn’t going anywhere, it’s just transitioning from group A to group B. I know of a lot of rich individuals that have intimate knowledge of this transition and they are positioning themselves to not only survive this exchange but profit from it. Did you know that when the global financial “crisis” hit, some of the people who saw it coming made a ton of money? I know it’s hard to believe but not everyone lost money in ‘08; in fact, some people shorted stocks and positioned themselves to make billions from the crash. Like I said before I’m just a regular guy and I’m not saying to buy precious metals. What I am saying is that if you want to maintain your wealth, you should be aware that there is a trend occurring and it doesn’t look good for paper money.
I don’t believe the change that’s happening is all bad, and I still hold out hope for the future. Honestly, I think that after the dust settles, the true entrepreneurs of the world will emerge and improve on what we have today. I know my observation paints a gloomy picture but I’m not an alarmist, I just want to inform people of the challenges we face. I don’t want the people who read this to think that they have to run for the hills and cower in a bomb shelter. The main reason I wrote this article is to give people knowledge of the transition. I want to give the next generation of leaders a chance to come out ahead. I don’t want people to get sucked into the downward spiral of fear and doubt. I want to empower them, I want people to be in a position of strength so they can help build a better future.
In Prosperity,
Eric & Lauren Kalberer
P.S. Leave me your thoughts, comments, and questions below.
Comments
David Wood, September 19, 2011, 13:45
This is a very insightful post, Eric! I have been thinking about investing in precious metals myself. Do you have any specific recommendations on where to start?
Comments
Janice V., July 12, 2011, 14:30
You have been paid late before
You have watched the number on the dashboard not match the number in your account. What is different now is simple: it settles on a public contract you can check yourself, not a dashboard I control.
Read the contract →Most participants earn little to nothing. No income is guaranteed. You can verify every payout on the public smart contract.
This article really opened my eyes to the current financial situation. Thank you for sharing your insights!
Mike, July 12, 2011, 15:20
I’ve noticed the same trend with the dollar. It’s scary to think about, but your post gives me hope that there are ways to prepare.
Samantha Lee, July 12, 2011, 16:05
Great read! I’ve been following the precious metals market closely. Do you think now is a good time to buy silver?
Robert, July 12, 2011, 16:45
Thank you for this detailed article. I agree with your points about the dollar and precious metals. It’s definitely something to consider for long-term investment.
Emily Carter, July 12, 2011, 17:30
I’m new to investing and this post was really helpful. Any tips for beginners?
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The Ford Mustang comparison is the part of this that actually lands, three cars worth of silver dollars against three thousand-some paper ones tells a story numbers alone don’t. Past the fear framing though, write down three things about your finances you can actually act on this month.
I read a post almost identical to this one back in 2013 and put money into silver instead of an emergency fund, on the logic that the dollar was doomed anyway. Four years later I needed that money for a car repair, and the metal had lost value against the very currency the post says is going down. Not saying the underlying argument about the dollar is wrong. Just that timing a household budget around a decade-long trend didn’t work out the way the theory suggested it would for me specifically.
Ran a diner for nineteen years, and if you want a real-world version of this argument, look at what a cup of coffee cost the year I opened versus the year I sold it. It wasn’t gold going up. It was the same cup, same beans mostly, and I kept having to charge more just to keep the lights on. I never once thought of it as an investment thesis, I thought of it as costs keep creeping and menus have to follow or you close. Whether precious metals are the right hedge against that is above my expertise, but the underlying complaint, that the dollar buys less of the same thing over time, isn’t some fringe theory. It’s what running a small business on thin margins for two decades actually felt like.
Birdie isn’t arguing for metals, she’s just confirming that prices creep upward over time. That part holds up regardless of what anyone thinks about gold specifically.
One addition to Birdie’s example: a diner owner adjusting menu prices responds to a cost she observes directly. Buying metals on a macro prediction about the dollar is a different kind of decision, with different risk.
Birdie’s coffee cup is a better teaching tool than anything about mustangs, since everyone’s priced a coffee and a car at some point. It also sidesteps the whole ‘is gold the answer’ debate, which nobody in a comments section is actually equipped to settle anyway.
What kind of person does this piece actually want you to become? It says twice that it isn’t telling you to buy anything, then spends most of its length building toward exactly that conclusion, and leaves the decision unstated at the end. If you believe the argument about the dollar and precious metals, say so plainly and stand behind it. Hedging the recommendation while quietly making it anyway isn’t caution, it’s just a softer way of framing the same pitch.
Fine, the dollar’s purchasing power has dropped, nobody disputes that. What’s missing is an actual position instead of four paragraphs of implying one.