Gold, Silver, and the New Economy

I am part of a group of people who understand that we are in a global paradigm shift and that we must be prepared to think and take action in a way different from what we have in the past.

The money is shifting from west to east and most of the new growth in happening in the east.  If we in the western world continue to think as we have over the past 200 years we will become the new third world countries.

My mentor, Mike Jay, has been following this shift toward the new economy for over 11 years and because of his work (he is a business coach to billionaires around the world, an author and a Happeneur) he has observed trends most of us and the media totally miss.  Well, that and the fact that he is a genius who has the unique gift of being able to see and understand trends and figure out ways to take advantage of them.

Below is what he shared with us in our Yahoo Group when a member suggested that we put 10 to 20% of our wealth in gold and silver.

“As I have stated before, gold and silver are LONG-term NOT liquid

If you actually enter in real life, real exchanges with gold and silver you will realize it’s not as easy as you think and you will lose a lot on the exchanges, because people who you will have to deal with are a lot smarter than you.  Gold ad silver are not legal tender and I would say none of you has experience with it in using it that way…

In a calamity, you may be able to trade it back and forth, but you will get NOTHING like what you paid for it.

btw, Chris Martensen has just released information about a scenario of a 20-40% pullback in gold and silver fyi…

As I stated and continue to iterate, gold and silver are for big boys…and girls…watch it.  It’s not easy to play with and because it may not be liquid when you need it to be, you will be taken to the cleaners…

Everything else I mentioned is fairly risk free, you will not lose a lot because most of what I recommended is pretty liquid, in non-liquidity situations, the dollar for the foreseeable future will remain the most liquid worldwide…

It will take two decades for that to change.  All prior currency models were based on NON-reserve currencies.  Right now, the world is heavily invested in the dollar, and that doesn’t mean it’s not lost 33% of it’s value, or that it won’t continue to lose, but it will remain liquid…

That is VERY important in a calamity…

Be careful of everything else…

If you can invest in gold and silver as LONG-TERM strategy, I would say that you would be foolish not to own some, but UNLESS you can go long-term, it’s a crapshoot, because at the very time you need gold or silver to buy your groceries, there will be WORSE problems…

Mike”