February 20, 2013

• On February 22nd 2012, I became a full time employee at two jobs in order to purchase as many American Silver Eagle coins as possible.  I did this because I discovered a gentlemen who earned a 600% return on investment by literally betting his house on precious metals and oil at the top of the housing bubble in 2005, you can read about it *here*.  I am convinced that, outside of food, fuel, and real world skills, that there is no better investment opportunity than the precious metals.  In that timeframe, I have successfully acquired over 200 ounces of the white metal as an investment vehicle for long-term wealth.

  This blog is a means of documenting my financial progress, and to keep me motivated in living a frugal, healthy lifestyle backed by solid investment decisions.  It is also my way of demonstrating that there is no reason why ‘silverbugs’ should feel as if we need to be secretive about our hobby.  All fiat currencies end with hyperinflation and the mathematically inevitable destruction of the note. 

  If you have stocks, bonds, annuity, Social Security, Traditional or Roth IRA, 401k, or any long term savings plan or pension, consider the possibility of your wealth, your retirement savings, being wiped out right from underneath your nose.

  “I believe that we should maintain the principles of Social Security, but I think the existing structure is not working. Until we construct a system that creates the savings that are required to build the REAL assets, so that the retirees have REAL goods and services. We don’t have a system that is working. We have one that basically moves cash around and we can guarantee cash benefits as far out and whatever size you like, but we cannot guarantee their purchasing power.” -Fed Chairman Alan Greenspan

  • 12:49 am
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