-- Posted 8 January, 2011 | | Discuss This Article - Comments:

If you have poor, if you have net negative worth, there is hope.  Once you have the bare necessities covered, buy silver.

Don’t expect inflation to bale you out.  When we get a new currency system, your debt will likely still be there.  What is coming is a dollar devaluation, not a hyperinflation with wages being adjusted.  Dollar debt will be wiped out, but primarily with respect to gold, not with respect to wages.

If you want to escape from debt slavery, you must end up with gold.  Only then will your debts evaporate.  Only then will you have real wealth.

This is a two step process.  Where gold may be too expensive, you can afford silver, and silver is much more under valued than gold.  Buy silver now with whatever money you can scrape together.  It’s much more important to buy silver than to pay down your debts.  If you buy silver, your debts will go away after the revaluation.

The plan that you should follow is discussed here: [link] If you follow this plan, whatever you spend on silver now, can be converted to gold later with a gain in purchasing power of at least 200 to 1.  In other words, for every one dollar that you put into buying silver now, you can have 200 dollars worth of wealth later to pay down debts and enjoy.  I believe that this 200 to 1 factor is conservative.

This plan does not rely on political action, luck or trading skill.  All you need to do is understand what you are doing and why, stick with it, take action now, and take action when silver becomes over valued with respect to gold.