Richard (Rick) Mills
Ahead of the Herd
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As a general rule, the most successful man in life is the man who has the best information
I am writing this article for the gold and silver bullion purchaser who wants the comfort, the insurance of owning some gold and silver in what are very troubling times.
There's a lot going on in the world - from Trump being elected in the U.S. to turmoil in the middle east, the China Sea and Turkey, Russia is flexing it’s still considerable might, North Korea’s flinging it’s nukes helter skelter, Japan’s rearming, disease runs rampant and fear escalates about virus mutation, there’s shortages of fresh water with many rivers not reaching their former endpoint and of course climate change is rearing its head to destabilize natural rhythms or cycles. Add in out of control population growth, the divide between races, religion and wage inequality – the have and have not’s – and a coming major economic collapse caused by interest rate increases on the trillions and trillions of dollars of global debt and it’d be hard to go back in history and pick a period of time when things weren’t so combustible.
Of course the natural degenerative process, the creeping Fascism, of a capitalistic society might not be on your radar screen.
Run for cash
Commission dependent brokers, analysts, politicians, special interest groups and fund managers are all currently telling us the U.S. and global economy is rock solid. They were telling you, us, the same thing in late 2007…
Just a few months later the world was on the verge of global economic collapse, staring into the abyss of the Great Recession and a stock market crash. That same kind of misguided optimism prevails today.
Unfortunately the pillars (use this link to know what they are) supporting the U.S. and global (especially the Chinese and European) economy are actually more fragile than they were before the Great Recession.
In any kind of disaster situation - say an economic crash caused by interest rate increases on totally unsupportable global debt levels that can never be paid back - the first thing that would happen is a run on the banks for cash.
Panicking people will want every penny they can lay their hands on to buy supplies. When the banks run out of cash, when there’s a forced ‘bank holiday,’ when your grocery store runs out of food and bottled water then chaos, in the form of weeks and weeks of widespread looting and rioting hits the streets.
The Rodney King riots, the Ferguson riots etc will be a pale ghost compared to the levels of looting, stealing and killing when the new normal is a permanent state of anarchy.
Think what your life would be like if a Carrington style event took place next week. Try to imagine living without electricity for a minimum of four years. No running water, no sewage disposal, no heat, no A/C, no refrigeration, no cars or buses, no internet, no banking, no stores with shelves stocked for your browsing pleasure. Consider the fact it isn’t if this is going to happen, it’s when it happens. Life would be very hard, impossible for most.
Cash, water, food, gun. Doesn’t it make more sense to be prepared and stock up now? At least have a couple of months worth of food and water, a shotgun to keep your supplies, and some cash laying around to get a last minute stock up done.
Your author believes the buying and owning of gold and silver bullion has never been a more prudent move. Inflation, world events, diversification - gold and silver bullion do offer investors leverage.
A supply of different size/value gold and silver coins and smaller bars kept close to home is the best way to ease the mind and navigate through troubled times.
If things do go to hell – war, economic collapse, disease, famine, climate change, loss of electricity - and you need to buy food, water or medicines with your gold/silver stash you need to have the appropriate coin values in order to trade safely and in a timely manner.