HOLD THE GOLD
What we recommend with all bullion is that you actually hold the gold. Whether its buried in your back yard, hidden in your walls, stashed in a secure, undisclosed location – or whatever – the best person to protect your own assets is you. No one else will take care of your own best interests than you yourself. This guide isn’t about caching – we’ve given you plenty of material on that topic, and you should be well equipped to be able to cache items of value in a most professional manner. The main thrust of what we want to convey to you is to hold your own gold or silver (just as has been done for millennia), and keep it under your care, custody, and control. This way you have instant access to it should a disaster occur.
HOW MUCH TO HOLD
There are some pretty simple rules you need to adhere to when purchasing bullion. How much do you buy? What portion of your holdings should be in bullion? These are all questions we will answer momentarily.
First, realize that the vast majority of Americans live paycheck to paycheck – some 70% by current accounting. Essentially, what this means is that even the most minor disruption in your average person’s pay cycle will cause catastrophe. So how do you buy things like gold when you can barely afford to live in the first place? Slowly, and methodically – that’s how.
If you are on a tight budget, your first foray into bullion should be with silver. It is obviously priced lower than gold, but is still an excellent hedge against currency devaluation. Start with the one ounce size – preferably a 1 ounce American Silver Eagle.
These retail for between $22 and $28 each as of this printing (April, 2014). Just one of these coins is within the reach of most everyone! Even if you bought only one per month, at the end of the year, you would still have 12 ounces of silver in your little stash – an excellent start. Looking to get into gold? You should be able to purchase a 1/10th ounce American Gold Eagle for around $150 or so. This will be approximately the size of a current dime. The point here is that bullion is within the reach of most everyone. You might have to eat in more often, or quit smoking, or even give up drinking for a week to free up some cash, but then again – all of those habits don’t pay off in the long run anyways.
