Why worry, I have time to Save.

Yes, that is the sentiment today. Many people think they can just start at any time by opening a savings account, an IRA, or a certificate of deposit account at a bank or brokerage company; put some money in any of these financial instruments, and just giving it some time to grow. Well, I hate to tell you, but that will no longer work. If you have not put anything away, you will be truly out of luck.

One decade ago, in 2008 the financial market of the United States of America was thrown into chaos. After that period, the Federal Reserve slashed interest rates, and sent every financial asset into a tail spin; but two assets continued to grow during this time. For three years everyone whom held these assets felt very secure even when others were unsure of the next move to make. You see, we are overdue for a market correction, or known better as a recession, and when it does happen will you be ready this time?

The time to get everything in order is now, when the majority of the country is not concerned. Recall, every major bank was “bailed out,” in 2008 and what does that mean? Each of those banks were insolvent, and needed the assistance of the United States government to keep from having to ‘close their door for good,’ and because they were part of the “To Big to Fail Club” they received this lifeline. If it was not extended to them whatever money you had on deposit would have been lost forever.

Don’t leave your wealth preservation in other peoples’ hands. When the next recession happens, it will be about personal and business survival. If these same banks need to survive they will take your money from checking accounts, saving accounts, certificate of deposit accounts, and any items that will be confiscated from safe deposit boxes all for the reason of protecting the current banking system. How would that make you feel right now? Every bit of cash that you may have, would not be in your possession in an emergency, and some other party would be directing how you would be able to use that which you thought was your personal property. Remember this, “If you don’t have it in your hands, you do not control it.”

If you wanted to protect yourself in an easy way, it can be done by exchanging your fiat currency for the precious metals of silver and gold bullion and coins. Right now physical silver is the most undervalued asset, but it will not stay that way for too much longer. Know this, “When you have purchased some physical silver and gold, you control it!” You will now have some real money that will be recognized throughout the world.

The precious metal of silver can be purchased at under $20 for a 1 ounce round or bar, and without the premium an American Silver Eagle or Canadian Maple Leaf may have if you bought it. Desiring the purchase of physical gold may be more difficult because of the current price. With a 1 ounce gold coin costing over $1,600; the fractional bars of 1 gram, 2.5 grams, 5 grams, and even up to 10 grams would be a better choice. You see, 31 grams does add to 1 troy ounce; so adding together 31 grams of fractional gold bars will reach one full ounce at some point, if that is still your desire.

I would hope the most important idea you could take away from this is to just get started. If you are unsure of anything, ask. Our current financial situation is not going to stay around forever. And when opportunity presents itself, what are you going to do?