|Psychologists tell us that there are five stages of grief over loss of whatever kind, usually death, or breaking up with a loved one, which are: denial, anger, bargaining, depression, acceptance. I’ve applied these to the loss of the dollar, as I see most people today are still stuck in denial, and here’s how to deal with that. Words: 1100
So says Jason Hommel (http://silverstockreport.com) in edited excerpts from his original article*.
Hommel goes on to say, in part:
Most people in America are in total denial but the dollar is done. Most probably don’t think it’s done, because we all still use dollars to buy things but do you notice prices going up? That’s the key sign that the dollar is done. The dollar is abandoning you. The dollar does not care about you, and you have to deal with it. People in denial will repeat the many lies taught to us all by the media and schools. The most popular of these
Back in Dec. 2009, the most popular statement of denial was “gold is too high now”, and that was when gold was $1200/oz. Today, almost two years later, gold is $1785, and climbing. Clearly, everyone who thought gold had topped out were simply in denial.To get past denial you must…acknowledge reality, accept it, and deal with it.
Best way to cope? Start buying silver, or work past the next stages of grief.
Very few of my readers have hit the anger stage. Not even many prospective silver or gold buyers have hit this stage. Some anger is out there, as it’s manifesting itself in the Tea Party movement, and now in the Occupy Wall Street movement, but those are still very small movements. They will get bigger.
To get past the anger stage, move towards feelings of pity. Pity those who are not smart enough to buy silver, because they are the ones who will be wiped out. Pity even the bankers with their billions and billions of dollars, because the silver market is still too small for them to buy into it, and as deceivers, they are self-deceived, too. Pity them.
You won’t be wiped out, because you have silver, right? Right?? Well, not many in the Tea Party or Occupy Wall street movements have silver, but that’s because they are still stuck in the anger stage.
Get past it. Buy silver.
This is not about using silver to bargain for things. It’s about thinking you can fix things. At this stage, you may think that you can get involved in politics to try to fix the dollar. Nope. It’s way beyond that. Donations to Ron Paul’s campaign will not save the dollar. In fact, Ron Paul might help to destroy the dollar even faster, even if he is capable of reducing government spending. Even if Ron Paul were to become president, however, there is still Congress, who would keep spending, and who is a reflection of the will, the selfishness, and the delusions of the American people.
Perhaps you may think that you can find numerous investments that will outpace the decline of the dollar, so that you can buy more gold and silver. Well, I certainly thought this way for a while. Occasionally, I still do but overall, the dollar has to decline against something, and that something is really just gold and silver.
To get past the bargaining stage, invest over half of your assets or net worth into silver and gold.
This is not about economic depression, it’s about your feeling depressed and sad over the death of the dollar. Many people erroneously believe that if the dollar dies that there will be economic calamity (because that’s the lie that supports the dollar), but recent history shows that’s not true. After gold went up in 1980, it was economic boom times, as so much fraud was wrung out of the system.
Also, when the dollar really dies, many people who receive government entitlements will become despondent…[because they] do not feel they are on the dole. They [actually] feel entitled to the money. They are still in denial, and still voting to make sure they get the handouts like social security, etc. Hey seniors, social security is bankrupt. Congress raided the funds years ago, and there is zero money backing it up these days; they are printing new money to pay you, and this won’t last forever. When that flow of funds is cut off, people are going to be depressed, and until they get jobs, so will the economy.
To help deal with that stage, buy silver. If you are on any sort of fixed income, or government assistance, you need to buy silver more than anyone else, because silver will keep you fed when the flow of funds is cut off.
Eventually, you will realize that we will all be better off without the dollar. Debts will be wiped out. Banks and usury slavery will collapse. Government size, largesse, corruption and theft will dramatically decrease. Businesses will flourish. It’s not like after war, when entire cities, buildings, and people will be destroyed; but rather, ownership of assets will simply change hands, and life will go on…
The dying dollar can’t be saved – but individual people, who have stacks of dollars, still can be saved; just get them into silver!
[As you can see from the above] I strongly advise you to take possession of real gold and silver, at anywhere near today’s prices, while you still can. The fundamentals indicate rising prices for decades to come, and a major price spike can happen at any time.
The silver index is still in the “Run” phase of the “Bump-and-Run Reversal Top” pattern which will be followed by a “Dead-Cat Bounce” decline that will drive prices gradually lower. [How much lower? Read on!] Words: 990
The technical situation is ultra-bullish for both gold and gold stocks. Sentiment indicators…continue to show [that] the dollar is poised for a serious decline and the MACD on the gold chart is giving one of the most powerful buy signals in the history of the bull market. The GDX should reach $75 a share by year-end and gold should push to new highs in the $2000 area by January of 2012 [while silver] could possibly be the best investment opportunity available to investors for many years to come! [Let me explain and back up my comments with an array of charts.] Words: 781
If you concur with the 159 analysts (see below) that maintain that physical gold is going to go parabolic in price in the next few years to $3,000, $5,000 or even $10,000 or more then you should seriously consider buying physical silver. Why? Because the historical gold:silver ratio is so way out of wack that silver should appreciate much more than gold as it goes parabolic in the years to come. Indeed, silver could easily reach $100 – $200 per troy ounce, maybe even $300 and conceivably in excess of $400 depending on how high gold goes. The aforementioned may be hard to believe but an analysis below of the historical price relationship between silver and gold suggests that such will most likely occur if gold does, indeed, go parabolic. Take a look. Words: 1423
Don’t own any gold or silver yet? New to the precious metals? Regardless whether you are a novice or seasoned veteran, the following seven points provide essential background information you can use to help determine whether the precious metals are right for you. Words:1311
Oftentimes perception, and not reality, rules the day with the thousands or millions of speculators placing short term bets with assets like silver. These perceptions are particularly strong given that paper players in the silver market often control the price in the short term (6-8 months), since there is so much more paper silver than physical metal out there…Here are five common myths about silver that I bet many speculators still believe are true. Words: 1638
Now that Q4 is underway, investors are scrambling to find the right asset class for this rocky environment. Last quarter wreaked havoc on a number of investments and portfolios alike, as the global economy seems to be on a downward spiral. Given the current environment, various investors have flocked to their favorite safe havens to wait out the storm. Gold is perhaps the most popular safe haven in troubled markets, though its actual use as a metal is relatively low. As such, there has been much speculation over whether or not the metal is overvalued, scaring a number investors out of gold and into another precious metal, silver. Words: 3422
We have a financial system that’s on the edge of a cliff here. People have to be in precious metals if they want to protect themselves. Everyone who’s an investor has money. They have it invested in some paper instrument and when they realise they have a problem with their money in a bank or owning some government note the demand for gold could just be overwhelming! It could be parabolic all of a sudden. Currently, only o.75% of the world’s financial assets are in gold so just imagine what a 5% to 10% interest in gold would mean for its price. On top of that, I believe that silver will get back into a 16:1 ratio to gold in three to five years for sure so that means that silver is going to have a great upside potential. Got gold? Better yet, got silver? Words: 5169
We are at the beginning of a major shift out of paper assets into real assets [and] those that are starting to come to this revelation have no real understanding what they are doing when they are buying gold…[they just want] to get out of paper assets. I bought gold as a gut reaction [but] the more I learned about silver, [however,] the more I realized that silver was the smart decision. [Let me explain.] Words: 2190