Gold, Silver, and Other Precious Metals.

The question comes up about gold, silver and other precious metals.

OK, what about them? First of all, look at what they are. They tend to retain value against paper currencies of all types. The US Government prints more dollars, the price of things tend to go up as a result. More paper chasing the same amount of goods, econ 101, very basic. What really happens isn't the value of goods went up, the value of the paper currency went down. Another way of looking at it is, the more there is of an item, the less valuable it tends to be. Precious metals, gold and silver in particular, have usually been scarce throughout human history. They can not be maufacured by government decree like paper currency can. It can be mined, but that in itself takes effort, time, and capital. Therefor, throughout human history, they have come to be used as currency themselves. Many governments of today hate precious metals. They want to use the printing press to make more currency, so they can give their citizens more gifts in the way of welfare, or make their exports a better buy on the global markets. The price of precious metals in those same paper currencies goes up, because the value of those metals stays the same, so it takes more paper to buy them when those same paper currencies loose value. The governments hate the fact that they can't just make more, and the "rising prices" of precious metals in a teltale sign that their paper currency is falling in value. So gold and silver in particular are, and have been for thousands of years, a store of value.

Fast forward to today. How does this affect you? You want to get money out of the country. Right now it is not illegal to take precious metals out of the country, in most countries. Check with your lawyer to make sure as this can change at any moment, in any area. Some governments are getting nasty about people taking wealth of any sort out of their jurisdiction. But, for now, in most areas, it's legal. It's easy to take a few bars of gold, silver, or platinium, out of most countries. Just load it up into a suitcase and walk away with it. It's sometimes harder to take actual cash out. In fact, if you get stopped with a load of cash exiting, they tend to confiscate it while you prove you paid taxes on it. So in some ways it can be easier to travel with gold or silver. It can also be exchanged in almost any area of the world for needed things as most people recognize it for what it is. And even if you don't need it for making purchases, which most people won't, it is usually fairly easy to exchange and deposit into an offshore bank account, something that can be a bit of a hassle for paper currencies, depending on the recieving countries laws.

Precious metals are currently way below what most experts think they will be in a few years time, especialy silver. Gold is scarce, not much has been mined, and mining productions have been declining as of late. Value is expected to climb very soon because demand is not slackening, but rather going up. China announced that it had about doubled it's gold reserves, and is seeking to purchase a very huge amount in addition. Silver is not just a precious metal, it is an industrial one, a green one, and a medical one. Most of the silver ever mined has been consumed, lost forever to us unlike gold. In most cases it is a very small ingredient in manufacturing something. So small that if silver went up to ten times it's price it would not likely change the demand for it in the manufactuing of these items. Factor that in with the fact that for the last 15+ years demand has far outstripped supply, and reserves are dwindling fast, the price could go up. Other precious metals have simular situations. It is believed that the price of precious metals, in paper currencies, is set to skyrocket very soon. This makes it a decent tool for migrating wealth out of a country as it is fairly easy to pack quite a bit of wealth into a small package, and even bigger wealth into a bit bigger ones, and take it with you almost anywhere.

Another aspect of it is offshore investments in mines. Precious metals are not always easy to mine, nor are the mines always conveniently located. A number of them are located around the world. Some of the most picked spots to migrate wealth to are South American countries like Argentina, Well guess where there is silver mining going on. It's in a country that in some ways is a lot safer to own wealth in than the US or Europe. Right now the US and Europe have seemed to declare war on people with any kind of wealth. Not so in some of the better South American contries, like Argentina. It would seem there is a better chance of you keeping your investment without the local government spoiling it in Argentina than the US right now. Remember the bond holders and GM? They loaned GM money in agreement to get back their money, and it was secured by GM's assets. If GM defaulted or went bankrupt, the assets were supposed to, by law, be auctioned off to pay the debt. The government stepped in and said no, it ain't gonna happen that way, you are going to have to settle for less than 10% of what you are owed. The rule of law went out the window because a liberal though better and negated it. If you think the US is going to protect your money anymore, I have a bridge to sell you. Europe isn't the safest place to have wealth either. And if you think that the bond holders got what was coming to them, those dirty theiving capitalists, why are you even bothering to read from this site? Face it, Argentina has become a safer haven for investing than the US right now, and for the forseeable future. At least until the US citizens figure out that socialism doesn't work, the same way the Russians had to.

What better a set up could you ask for? Get your wealth out of one country, and use it to make more in another, in a safer place.

It would seem that the only people who do not look kindly on gold, silver, and other precious metals, are the governments who would love to take all your wealth from you. However you choose to look at it, precious metals can be a very great tool for getting wealth out of a country safely, or making more from that same offshore jurisdicition where they take money a bit more seriously.

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