Gold, Silver, Cryptocurrency - Wealth Preservation

Since the Economic Crisis of 2008-2009, it appears that the problems plaguing the economic system have NOT been resolved. In fact, we are still in the same crisis from 2008. It's just been concealed, as the problems have been gigantisized.

I have concluded that keeping our economic system up and running has been predicated on printing currency, and worse yet, digitizing trillions of dollars into existence, out of thin air, and then shoveling it into the economy as debt-based assets. And by keeping savers' interest rates at near zero.

Car loans and home mortgages are your debt and are the lender's assets. Your debt is their asset. A lot of these assets are going bad... and getting worse!

Demographics are the key to understand our current predicament.

Since the early 1900s, the economy was booming. Oil and gas were cheap, abundant and people had money to spend, spend, spend, as the population grew.

The problem now is that the population surge of the baby boomers (those born in the late 1940s to early 1960s) are at the stage of their lives where they stop spending so much money. And the following generations have been saddled with stagnant wages as the cost of living has been going up, while the wealth gap continues to widen and wiping out the so-called middle class.

For most people in the 24 to 54 year-old range, they need to use more credit to keep up with their desired standard of living. And the economic system, requires more debt to keep the the circus going. But the banks and lenders are running out of "qualified" consumers of credit.

Fewer people can qualify for auto and home loans. So the lenders lower their standards, and dole out a lot of risky loans to people who are going to eventually default. So instead of lenders being responsible and handling a difficult financial situation now, they keep pushing that giant snowball up hill, until the inevitable forces of nature decide to push back.

There's a good chance that stock markets around the world will crash and burn, likely within months from now, but possibly sometime next year. Some experts are predicting the DOW to go as low as 5,000 or 6,000 from where we are today at about 21,400. But in case you forgot, or didn't know, during the last "financial crisis," the DOW crashed all the way down to 6,626 in March of 2009 - which was really not that long ago.

Some people are currently moving out of stock and keeping their wealth in cash. So when the market crashes to around 6,000, those people with cash may have some great stock-buying opportunities where blue chips may be on sale for as low as 10 to 40% of their current valuations.

A lot of people are putting some of their savings into precious metals. Especially silver. Many experts believe silver will out perform gold, percentage wise. In other words, silver will probably double or triple in value before gold doubles or triples. Either way, both gold and silver should be good.

Others are moving some of their funds into cryptocurrencies, such as Bitcoin, Ethereum, Litecoin, Dogecoin, and dozens of others. There are actually several hundred cryptocurrencies, and you can see them at coinmarketcap.com.

Cryptocurrencies can be risky, but they can be very profitable in the long run and might help preserve your wealth. The advice I hear from those more knowledgeable than myself, is not to risk more money than you're willing to lose or risk. And you should first learn about any cryptocurrency you decide to invest in.

To conclude and summarize, people are afraid of a potentially-imminent financial crisis, collapse and hyperinflation. They're moving some of their savings and wealth into gold, silver and cryptocurrencies. Of the three, silver may be the safest and best bet today.

Now for my disclaimer: I am not a financial advisor, and nothing that I've said here should be construed as financial advice or fact, and only reflects my opinions, based on my limited knowledge and understanding of what the heck is going on in this crazy topsy-turvy world.

Thank you for your attention and prosperity to you in the future!