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One of the major solutions to the impending currency crisis, hyperinflation, food shortages and all of the potential related financial hardships is to return back to our roots as a country. This means supporting the small "mom and pop" shops that get their goods from local suppliers, buying your food from a small local farm, and valuing quality USA-made goods and foods over those that came cheaply from overseas.

Many experts believe a reasonable approach would be to have three months of your income in gold and silver coins in your physical possession. Merely holding gold or silver stocks simply won't cut it.

You do have to act quickly though as prices are starting to rapidly climb.
Producer costs for essential commodities such as grain and cotton are skyrocketing, and those increased costs will soon appear on store shelves.
Also metal prices like silver are at 30 year highs and went up $2.50 an ounce on Thursday,
and gold jumped nearly $50 to approach $1400.  
Many experts are predicting $30 silver and $1600 gold in the not too distant future.

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The positive thing to do in such a situation is to protect yourself and your family by investing in the ultimate tangible asset, also known as real money; gold and silver. My experience in the precious metals business has taught me that the best way to do this is to take possession of the physical product.

Although there are gold ‘paper instruments’ including ETFs and even gold derivatives, why risk paper when it’s easy and convenient to possess gold.

It’s simple to do and you are in complete control of your assets. A client in his early 80's recently told me:

“Jim, I’ve made and lost two fortunes in my life and the most important thing I’ve learned is to be in control of my money. Don’t trust other people to handle your money.”

There’s no simpler way to do this than to possess precious metals and cash. At this time $100,000 in gold weighs just over 6 pounds and fits in less than one quarter of a shoebox. Gold is the ultimate portable wealth; it’s a small package and is universally transacted. In a normal situation gold or silver can be converted into paper money in a day with a phone call.

In dire circumstances, both can be used for barter. Gold and silver are readily available in one ounce, half ounce, quarter ounce and tenth ounce increments. Larger gold bars are also available, but they’re not practical for barter transactions and the price difference between larger bars and one-ounce coins is minimal.

One unique form of silver is pre 1965 US change; halves, quarters and dimes were all 90 percent silver. The precious metals industry call this “junk silver,” an oxymoron if ever there was one, but it’s one of the most desirable forms of silver to own.

Not only because junk silver is a hot item to buy and sell, but because it provides outstanding flexibility in barter situations where a one ounce gold coin worth a thousand dollars or more isn’t practical. Owning mixed denominations of silver coins makes good sense.

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How to Obtain Precious Metals

Buying and selling gold and silver is incredibly simple.

Over the phone, the customer and the dealer agree on a price. This is called a “lock-in” and the agreed-to price holds, no matter what happens to the price of gold between agreement and delivery.

Precious metals, like jewelry and diamonds and other valuable items, are mailed to the buyer via U.S. Post Registered & Insured for full value. The warehouse I work for has never had a package lost since opening in 1971. Nor has any warehouse I am aware of. Registered and Insured mail is handled separately and every handler must sign off on the package.

In the unlikely event that something should go wrong, the warehouse will replace the gold and go after the insurance. It is the buyer’s responsibility to send payment by wire or check as soon as possible. As incredible as it may seem, the gold business is routinely conducted in this fashion -- where a person’s word is their bond. I find this incredibly refreshing.

Selling gold or silver back to the warehouse is just as simple as buying it. Simply call and lock-in a buy-back price. Mail the product to the warehouse (registered & insured), and your funds will be wired or mailed.