Go Get Yours Now

Best guesstimates show that the FED is printing about 15% MORE paper money each year (right now) than they are retiring. (See www.shadowstats.com)

Add to that the fact that hundreds of BILLIONS of dollars in value have just been erased in the on-going sub-prime mortgage fiasco, and are soon to be erased in the upcoming Alt-A mortgage meltdown, and now you have A WHOLE LOT of physical paper dollars out there, "describing the value of" far fewer remaining hard assets (goods and services) that still exist.

This is a perfect storm of inflation and devaluation (wealth destruction). In years past, the FED would respond to detractors by saying essentially, "Hey don't worry about it -- we're just going to grow the economy so fast that the extra dollars will be used to value (compete for) the rapidly-increasing goods and services, and no one will feel the effects of all our excess paper money."

Right now, all (well, most) of the oil traded on the world markets has to be bought and sold using US Dollars. This has the effect of keeping the value of the paper money much higher than it normally would be, because everyone needs dollars to use for oil transactions. Some countries are actively seeking ways to use Euros for oil transactions, and if that ever becomes a widespread practice (wars will be fought over this) the value of the US Dollar will suffer further.

Then there's the Credit Default Swap (CDS) marketplace, (a risk-sharing mechanism) which is in jeopardy of melting-down, to the tune of over 40-Trillion Dollars, so look for additional excitement later on this year or next.

A sack of "junk silver" (pre-1965) dimes or quarters, or a cache of 1/10th-ounce gold maple-leafs could be regarded as insurance against the loss of faith in the US Dollar. If the Dollar ever collapses, people will likely take silver coins (or reeeeally small gold coins), in exchange for essentials.

Even if the Dollar never collapses (weirder things have happened), the gold and silver coins will still be worth something (and more likely than not, worth a lot), so you're not really risking too much by acquiring some.

Lately the prices of gold and silver have been plummeting -- so it's an even better time to buy.