Precious Metals

Shortly after the debt ceiling crises ended, the popular businessman and radio host Peter Schiff commented about US government plan to cut spending. He is using metaphors to compare the government plan to cut spending with a weight-loss program. Washington’s amazing 10-year diet plan: Lie on the couch and eat like a pig for a few years, then gradually phase-in a weight-loss program! Listen what Peter have to say:

Peter Schiff is one of the few people who predicted the economic crises of 2008. He is very bullish on precious metals and gold stocks. The US needs another depression to allow markets to correct themselves. Because America would rather have depression and keep the dollar than depreciate its currency to zero, which would be catastrophic for the United States.

You cannot truly expect the government to take good decisions anyways. The more we think about it the more we believe that all the prepers are right. Perhaps US in on its way to a crisis like the on in Argentina back in 2001.

In 21 century, you can easily start an online business and work from home. The Internet is offering countless different opportunities. It is great for novice because you will only need a small investment at the beginning. What you need to start? A domain name, web hosting, web site and your product or service to offer.

You can buy a domain name for less than 15$ per year and a good web hosting can be found for 60$ per year. There are thousands of free CMS systems and you can create the site by yourself. On the other hand, you can pay 200-300$ to a freelancer to build the web site for you.

However, before all this, you have to decide what services or products your small business will offer. This may sound easy but you will be surprised how many people are trying to start without it. Do your research very careful because from it depend your business future.

If this is your first online business, start small and expand when you experience and profits are growing. Do not afraid of mistakes, learn from them and you will find out even more opportunities.

Texas Rep. Ron Paul is suggesting that the United States gold reserves may not be as strong as officials claim. He is calling for an independent audit of the gold held at Fort Knox and other vaults. The US moved away from the gold standard in the early 1970s. However, Paul said it is good to know what the United States holds just in case. The congressman is worried, and wan to be sure that the gold is still there and has not been secretly removed or loaned out.

Ron Paul warned that the Federal Reserve is setting the stage for a new depression by spending and printing too much money. This is not the first time the congressman has made his pitch. “In the early 1980s when I was on the gold commission, I asked them to recommend to the Congress that they audit the gold reserves – we had 17 members of the commission and 15 voted not to the audit,” said Paul. “I think there was only one decent audit done 50 years ago,” he said.

Watch the FoxBusiness interview with Ron Paul

From ages, human beings have been using silver and gold as a store of wealth. Ancient cultures created jewelry and early forms of money from gold. Central banks and governments around the world have tried to suppress the price of precious metals, but more and more people are refusing to hold their savings in fiat currencies.

Gold and silver are easy to store and transport. Their values do not depend on central banks or governments who recently are printing money like crazy. The value of gold and silver is determined by the world market for precious metals.

Skilled investors known that silver and gold can be a good investment choice. Precious metals are very stable in times of uncertainty and economic instability. Used correctly, they can be a very effective part of a diversified investment portfolio. However, do not forget that like everything else, precious metals investment contain a risk element. Precious metals can offer three major advantages to the investors: portfolio diversification, inflation protection and secular growth potential.