Peter Schiff - Prepare or Die (2 of 2)

Peter Schiff - Prepare or Die (2 of 2)



For the latest Peter Schiff, go to PeterSchiffBlog.com – This discussion with John Rawles is about how to literally survive the economic collapse. Gold and silver are a great way to protect yourself, but one thing that you want to stay away from is collectibles. If you want to be a coin collector, that is fine, but it has no place in a retirement account. You should buy bullion or coins. Shaving cream, razor blades, toothpaste are all good things to buy in order to protect yourself. The prices of all these items are going up, so you might as well buy them now. You can barter with them, you can use them for your own personal use, and even if everything turns out fine you will still have bought them for much lower prices than you would have to pay in the future. There are a lot of items like this that you can stock up on. They are like money in the bank. Even better, you won’t have to pay capital gains taxes on these items like you would with traditional investments. For all we know, the government may introduce a windfall profits tax in order to confiscate the wealth of all the people who were able to escape all the upcoming inflation. If you are looking at a survival situation in which the currency has been wiped out, then you should purchase items that are compact, durable, and easily recognizable. Bananas wouldn’t be a good choice because they aren’t durable. Aside from silver, bullets may be one of the best investment choices. Just use common sense. Batteries, candles …

Peter Schiff - Prepare or Die

Peter Schiff - Prepare or Die (1 of 2)




Peter Schiff Was Right Before – AND NOW?

ECONOMIC SURVIVAL GUIDE: bit.ly
What Will You Do When the Collapse of the US Dollar Wipes Out Half of Your Wealth? Have you ever wondered how the currency crisis will affect your family’s finances? Let me explain the sobering reality to you in the following scenario: Suppose you have $2000 in the bank on Friday afternoon. When the bank opens on Monday, you still have the same $2000 in your bank account, but because the value of the US dollar has collapsed over the weekend, you now have 50% less buying power. So if you wanted to buy something that would’ve cost you $500 on Friday, it will now cost you $1000. You’ve literally wiped out one half of your buying power — and consequently wiped out half of your wealth! And that’s not all. What if you had a retirement account or money market holdings? Half of your funds would vanish into thin air with the collapse of the US dollar. The trillion-dollar deficit has caused the US government to keep printing money without the backing of precious metals — and that practically guarantees that the US dollar will be devalued to the point of collapse. When that happens, there will be serious repercussions — such asmassive inflation, the skyrocketing of prices of gas, oil, food, clothing, household goods and other commodities. Experts predict a brutal downturn in the economy for the end of 2011, which they expect to be about 10 times worse than the mortgage crisis of 2008.
The Collapse of the Paper Money System is Already Underway If …


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