Day after day we are seeing more and more articles referring to a dollar collapse and that the precious metals market is the safe place to be. This revelation can be very concerning and depressing. I am not suggesting that the sky is falling and to sell all your assets and hunker down with a bunch of gold and silver like some kind of mad man. What I am suggesting is to prepare like you would for any other kind of disaster. You never know what is in store for the future and to borrow the boy scout motto: "Always Be prepared." There are definitely signs of a economic storm brewing. Invest 10 or 20% in precious metals, Try to pay down debt and manage your money wisely. The era of wasteful spending for the average citizen are over. Below is todays article from Moneyweek.com
MoneyWeek.com - Not surprisingly, given the dollar's weakness, commodity action has been very positive. Two weeks ago we said that, on the CRB exceeding 271, commodities would become a buy opportunity. As you can see from the latest chart, that occurred. This is a signal of considerable importance and suggests that a long term commodity bull market is now secure. If that turns out to be true, it may be implying an even steeper collapse of the dollar.
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