You need to PROTECT Your Wealth NOW!

Was last week’s amazing stock market rout and collapse in the euro currency the beginning of a new era of volatility in the markets?

Could the economy start turning down again? Could real estate prices enter a renewed decline? Could there be more big financial blowups?

My answers to the above: Yes, to all of those questions!

And as I have often warned, central banks and governments around the world — not just our Federal Reserve — will do anything and everything to try and prevent meltdowns from occurring, no matter what market sector they’re occurring in, or what country.

They will fight downturns tooth and nail. They will backstop and guarantee just about anything. They will keep investing and reinvesting in banks, mortgage brokers, real estate, busted industrial sectors, and more. No matter what it takes to try and save the world.

And they will continue to do it all by printing money like crazy … issuing — and even buying — their own mountains of new debt.

You see, central bankers have this odd personality quirk: They think they can defy the natural laws of the rise and fall of societies and civilizations … that they can change the inevitable cyclical forces that drive economies … and that they can even change natural human self-interest and behavior.

And indeed, some of their policies will help. But in reality, most policies will fail … backfire … and aggravate the crisis. And in ways very few today truly understand.

IFTHEN(FIELD9=1) {

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Tomorrow is your LAST DAY!

If last week proved anything, it’s that this great sovereign debt crisis is both a huge danger and a major opportunity for you right now — even though it has not yet struck the U.S. government.

This is exactly why we are hosting an emergency briefing THIS WEDNESDAY — to give you the intelligence, strategies and recommendations you need to insulate your wealth as this crisis unfolds.

But hurry! Tomorrow is your last day to register for this all-important briefing.

Click here for your free registration.

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IFTHEN(FIELD9=2) {

Internal Sponsorship

Tomorrow is your LAST DAY!

If last week proved anything, it’s that this great sovereign debt crisis is both a huge danger and a major opportunity for you right now — even though it has not yet struck the U.S. government.

This is exactly why we are hosting an emergency briefing THIS WEDNESDAY — to give you the intelligence, strategies and recommendations you need to insulate your wealth as this crisis unfolds.

But hurry! Tomorrow is your last day to register for this all-important briefing.

Click here for your free registration.

}
IFTHEN(FIELD9=3) {

Internal Sponsorship

Tomorrow is your LAST DAY!

If last week proved anything, it’s that this great sovereign debt crisis is both a huge danger and a major opportunity for you right now — even though it has not yet struck the U.S. government.

This is exactly why we are hosting an emergency briefing THIS WEDNESDAY — to give you the intelligence, strategies and recommendations you need to insulate your wealth as this crisis unfolds.

But hurry! Tomorrow is your last day to register for this all-important briefing.

Click here for your free registration.

}
IFTHEN(FIELD9=4) {

Internal Sponsorship

Tomorrow is your LAST DAY!

If last week proved anything, it’s that this great sovereign debt crisis is both a huge danger and a major opportunity for you right now — even though it has not yet struck the U.S. government.

This is exactly why we are hosting an emergency briefing THIS WEDNESDAY — to give you the intelligence, strategies and recommendations you need to insulate your wealth as this crisis unfolds.

But hurry! Tomorrow is your last day to register for this all-important briefing.

Click here for your free registration.

}

A few years from now, not only will we have witnessed the collapse of a mountain of debt in the private sector — but also in the public sector.

With precious few exceptions, most governments around the globe are going to end up either defaulting outright or on the sly on their IOUs … their bonds … their contingent liabilities and promises, and YOU WILL BE THE ONE PAYING THE PRICE.

You can already see the early stages of this with what’s happening in Greece, Portugal, Spain and Italy … where bond and stock markets are collapsing … and where the currency, the euro, is in a veritable freefall … where investors all over the world are scrambling to get their hands on the only real form of money that has latest the test of time, gold.

And …

In The End, A Whole New
Monetary System Will Be Needed

New currencies. New rules of the game. New institutions. A new monetary system.

Gold Has Now Closed Above $1,162 An Ounce — Your Signal That Its Next Phase Higher to Well Above $2,000 Has Begun.
Gold Has Now Closed Above $1,162 An Ounce — Your Signal That Its Next Phase Higher to Well Above $2,000 Has Begun.

I’ve warned you about this before. But if you still don’t believe me, I suggest you take your cues from gold, which is much more than just an inflation barometer. Much, much more. It’s the ultimate currency — real money.

That’s why last Thursday, as virtually all global markets were in meltdown mode — ONLY ONE market stood head and shoulders above all others, and exploded higher: None other than real money itself, GOLD!

And despite any pullbacks that may occur in gold in the weeks ahead — gold has now given me all the signals I’ve been expecting … and is now preparing to blast off to much higher prices.

Put simply, I believe the price of gold is officially now on its way toward $1,500 … then $1,750 … and then $2,000 an ounce, and probably much higher.

But mark my words: Gold’s next rocket ride higher is not just a bull market for savvy investors to take advantage of.

No, it’s much more than that — because the next phase up in gold will signal the final demise of the existing fiat paper monetary system, and the eventual birth of a new monetary system where the dollar is no longer the world’s reserve currency.

The problem: Between now and then, it will be holy hell for investors who do not understand what’s happening and do not appropriately protect their wealth.

Some Of The Things I Think You Need
To Seriously Consider Going Forward …

1. The value of your current dollars. You’ve already seen how the euro has collapsed, shedding as much as 8% of its value in barely a month. So when this great sovereign debt crisis hits the U.S. dollar — you have to ask yourself a very simple question: What will your cash be worth if left in your typical savings account?

80 cents on the dollar? 70 cents? 50 cents?

I can’t predict what the exact future value of the dollar will be. At least not to the penny. But I can tell you this: The U.S. dollar, despite its recent strength, is in even worse shape than the euro and faces a historic devaluation.

That’s why I also agree with what famed investor Warren Buffett recently said about cash held in U.S. dollars …

“Today people who hold cash equivalents feel comfortable. They shouldn’t. They have opted for a terrible long-term asset, one that pays virtually nothing and is certain to depreciate in value.”

And this is not new. It’s been that way for cash for a very long time.

For instance …

$5,000 in cash squirreled away in 1913, when the Federal Reserve was created, is now worth only 4.5 cents. That’s right, 4.5 cents.

Put another way, it would take $110,582.14 of today’s money to buy what $5,000 would have bought in 1913.

Want more recent examples? Consider the following …

arrow  It now takes $6,167.83 to buy what $5,000 bought just ten years ago

arrow  $27,319.59 to buy what $5,000 bought in 1970

arrow  $44,075.92 to buy what $5,000 bought in 1950

Even a McDonald’s hamburger — which cost a mere 57 cents in 1959 — now costs $4.29, an increase of 653%, or just over 13% per year.

Looking into the future, and at the rate the I expect the dollar to lose value going forward — a little over six years from now a Big Mac could cost twice that, or $8.58, if not more.

A burger costs 653% more now than it did 50 years ago. What does that tell you about the U.S. dollar?
A burger costs 653% more now than it did 50 years ago. What does that tell you about the U.S. dollar?

So what do you do with your cash? Should you even keep it in the U.S. dollar?

What about …

2. The value of your stock market investments. Will stocks collapse to new record lows as the world moves through a major monetary crisis and the dollar is eventually replaced as the world’s reserve currency?

Or will stocks swing wildly, then inflate higher — as they have done in emerging countries where currencies were devalued?

The answer to these questions and the timing of them are absolutely essential for not only protecting your wealth, but for profiting from this crisis.

Suffice it to say, that only a few select and very savvy investors will profit in the world’s stock markets going forward — while more than 99% of investors will likely lose their shirts and get the stock markets’ next big moves DEAD WRONG, yet again.

What about …

3. Other investments besides gold that are likely to soar in the months and years ahead?

How will other precious metals perform, such as silver, platinum, and palladium?

What will energy prices do as the world moves into the next stage of this great financial crisis, where sovereign states are laid bare as emperors that truly have no clothes and are full of nothing but empty promises?

What other assets are the best to invest in? And how do you invest in them?

All these questions — and the answers to them — are now vital for the future, more than at any time in the past, INCLUDING THE 1930’S GREAT DEPRESSION.

And it’s why — now, more than ever before, the decisions you make and actions you take will determine how well — or even IF — your family weathers this historic economic hurricane.

As always, my team and I are absolutely committed to giving you the intelligence, strategies and recommendations you need to insulate your wealth and even grow richer as this crisis unfolds.

IFTHEN(FIELD9=1) {

And to do that, we’re hosting what may well prove to be the single most crucial online briefing in our company’s history …

The Sovereign Debt Crisis
Emergency Strategy Update

The Date:
Wednesday, May 12, 2010

The Time:
12:00 Noon Eastern Time

Your Cost: ZERO.

Just CLICK THIS LINK to register NOW!

The simple truth is that we have never faced a crisis of this complexity or magnitude before. This is no time to try to go it alone. My team and I are ready to give you the help you need to come through this crisis with your wealth intact and still growing.

Simply click this link to grab your free registration now.

}
IFTHEN(FIELD9=2) {

And to do that, we’re hosting what may well prove to be the single most crucial online briefing in our company’s history …

The Sovereign Debt Crisis
Emergency Strategy Update

The Date:
Wednesday, May 12, 2010

The Time:
2:00 P.M. Eastern Time

Your Cost: ZERO.

Just CLICK THIS LINK to register NOW!

The simple truth is that we have never faced a crisis of this complexity or magnitude before. This is no time to try to go it alone. My team and I are ready to give you the help you need to come through this crisis with your wealth intact and still growing.

Simply click this link to grab your free registration now.

}
IFTHEN(FIELD9=3) {

And to do that, we’re hosting what may well prove to be the single most crucial online briefing in our company’s history …

The Sovereign Debt Crisis
Emergency Strategy Update

The Date:
Wednesday, May 12, 2010

The Time:
12:00 Noon Eastern Time

Your Cost: ZERO.

Just CLICK THIS LINK to register NOW!

The simple truth is that we have never faced a crisis of this complexity or magnitude before. This is no time to try to go it alone. My team and I are ready to give you the help you need to come through this crisis with your wealth intact and still growing.

Simply click this link to grab your free registration now.

}
IFTHEN(FIELD9=4) {

And to do that, we’re hosting what may well prove to be the single most crucial online briefing in our company’s history …

The Sovereign Debt Crisis
Emergency Strategy Update

The Date:
Wednesday, May 12, 2010

The Time:
2:00 P.M. Eastern Time

Your Cost: ZERO.

Just CLICK THIS LINK to register NOW!

The simple truth is that we have never faced a crisis of this complexity or magnitude before. This is no time to try to go it alone. My team and I are ready to give you the help you need to come through this crisis with your wealth intact and still growing.

Simply click this link to grab your free registration now.

}

Best wishes,

Larry



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Your thoughts on “You need to PROTECT Your Wealth NOW!”

  1. Forget about Commodity stocks, put all your money in gold and gold ETFs. The commodities just go up and down with the market volitility. Then when the market makes another plunge, a serious on you can make a move in the market for an up then get back out again. The only reason to be in stocks is for the dividends. Hopefully, they keep the dividends coming because if they screw with that then you will realize a huge loss.

  2. Don’t bother commenting. I haven’t seen any of these guys respond to reader’s comments.

  3. The biggest question I have is what to do about my 401K, especially since the Obama regime wants to take it over and turn it into a guaranteed annuity stream (US Treasuries). Should I pull it all out and take the tax hit?

  4. I believe Larry’s scenario makes short term sense. It agrees with the logic of end times prophecy. A worldwide monetary collapse seems to fit in perfectly with a perceived need for a savior…i.e. the ascension to power of the anti-christ. The panic will logically catapult gold to fearful heights as it will be seen as the only place to hide. But, as already mentioned, when the Anti-Christ comes to power as a result of this crisis, he will bring in a cashless society as Prophecy foretells…then the value of gold is questionable :
    Rev 13:16 He required everyone-great and small, rich and poor, slave and free-to be given a mark on the right hand or on the forehead.
    Rev 13:17 And no one could buy or sell anything without that mark, which was either the name of the beast or the number representing his name.
    Rev 13:18 Wisdom is needed to understand this. Let the one who has understanding solve the number of the beast, for it is the number of a man.

  5. Hi Larry,

    Luckily you checked your math directly below the 4.5cents/5000 quote and wrote:
    “Put another way, it would take $110,582.14 of today’s money to buy what $5,000 would have bought in 1913.” So there is a 22-fold difference in dollars using these numbers.

    However, I get the same number as the other Brian. With gold at $1200 per oz roughly, and at $20.67 per oz in 1913, a dollar today is worth 1.72 cents of its original gold backed value from 1913, a 58-fold difference. Maybe you have another buying power index other than gold for this comparison (or is gold currently overvalued relative to 1913?).

    I guess the point is, gold is a better place to store money than in paper currency. But it does cost money to transport, store, certify, guard, and interconvert. Interestingly, the supermarket I use was originally called ‘Big Y, Cash Market’ and awards coupons in the form of plastic ‘gold’ and ‘silver’ coins. I haven’t tried using a spanish dubloon to buy groceries yet.

    I’ve bought some gold ETF’s, however if the value of cash completely erodes (as suggested by the rate of increase in the gold/dollar ratio that began in 2002) these ETF’s will still pay back in dollars which may be “not worth a continental” as in previous post-war inflationary periods.

    -BA

  6. Larry,
    $5000 invested in 1913, at 4% interest compouned anually would be worth $225,000 today. Well ahead of inflation over that period.
    I hope no one would squirel away the money for 97 years and not invest it, so it is worth only 4 cents !

    Gold is a hedge, and I have been buying and selling for 20 years. But the 161,000 tonnes Globally accounted for above ground, could not support the Global economy as a currency. If it did it is grossly undervalued. Only about 60,000 tonnes are bullion, the rest is in jewelry, and used by industry.

    I still beleive a diversified portfolio of stocks, bonds, real estate, and business ventures is the best way to go, and spread out risk. Your conference call advice to place 25% of portfolio into Gold, and mining seems a bit of a gamble.

    Happy Investing,

    Mark

  7. Larry: For the small to mid-level investor, still suffering being overexposed to stocks in 2008, the core question right now is this: How much money do I put into gold–both physical gold and gold stocks (such as the miners)? As another poster asked, why not put it all into gold? And, for that matter, why not put half of that into leveraged investments to make 2X or 3X the profit?

  8. My personal opinion:
    I think what Larry’s is saying for example…. if the cost to produce a hamburger is
    $4.29 today, as the value of the dollar goes down, that more dollars will be needed
    to buy the same burger dispite the no increase in pay you’re making.
    To move X number of dollars into something the will keep an inverted direction with a declining value
    of the dollar, later, you’ll have sufficient dollars to pay for the new price tag on that hamburger without loosing
    where you are today.

    However, I’m having a little problem deciphering what’s going to happen to all those that have viable
    payments on their mortgage. If the country goes bankrupt, there’s nobody to pay. If we have that
    “cashless society” sounds great but scrambles my imagination, my logic.
    And yes, Victor Barney, I’m in lock step with “Revelation” too.

  9. Larry,

    Do you have any indications of when to expect a pull back on gold and silver. What is the lower support level for gold right now? Yesterday I saw it was down in the high $1220’s so I assume your expecting something lower.

  10. Larry,
    Things are getting hot in Thailand. Hope your location, and you are safe. One question. What, in your opinion, are the chances of precious metals confiscation in Canada. I have read many opinions by America’s best analysts, and letter writers on possible confiscation in the U.S., but not one word regarding Canada. Since I consider you to be one of the best, if not the best analyst in America, I would greatly appreciate, and value, your thoughts on this possible, but in my estimation, highly improbable, occurence.
    Keep up the great work, and stay well. You are very important to us.

    Sixpack

  11. I did some calculating and I think $5000.00 in 1917 is worth $225.00 today. That is 4.5% of 5000. That is what I came up with by dividing the $5000 figure by $110,582.14. That comes up to 4.5 % times $5000.00. That is still a great loss of buying power any way you look at it.

  12. Larry, all good question, above . . . I am interested in your response . . . .

    Bob Jonson

    PS- I have followed your True Wealth Newsletter and all has not been rosey, except the gold market

  13. The Bible also speaks of a one world Gov. before christ returns. This could mean one world currency too. think about it . Look in the book of revelation in the Bible its all there.

  14. Anybody ever hear about a “cashless society” in the last days of man within the “BEAST’S” reign in Revelation? Europe and America? Interesting? Watch!

    PS: The Bible is about the 12 tribes of Israel, not Russia, China, etc. The tribes of Joseph were given the Name “Israel” in the Bible(England and America, according to all the scholars) the promise of RACE control of the world, but for sure, Judah is not called Israel(although Judah was promised grace i.e., the Messiah), although the Bible does say that they make that exact claim, “but not in truth or righteousness!”

  15. Hi Larry

    Do hope you are ok with all the riots going on, as I think you are in the vicinity.

    With best wishes and thanks for the words of wisdom.

  16. Larry,
    If gold is unquestionably going to $1500, $2000, maybe $5000 in the next few years, why would it not make sense to invest your entire portfolio in gold?

    Thanks,
    Michael

  17. Am I wrong in assuming that Bernanke is being forced to print all those US$ for EU bailouts in return for assurances that EU countries will continue buying our U.S. Treasuriy bonds required to postpone the Fed’s and our federal government’s bankruptcies for a few more months? .

  18. PLEASE correct a major factual error in the communication. It is ONE DOLLAR in 1913 is now worth 4.5 cents
    NOT $5,000 is now worth 4.5 cents. DIMINISHES CREDIBILITY OF REST OF FACTS!!!!!!!!!!!!!!!!!!

  19. Larry,

    I want you to know that I really like hearing what you have to say about the economy. I do have a question, though, on your recent Uncommon Wisdom article. How do you come up with 4.5 cents worth from $5000 initial outlay? Even if we lost 98% purchasing power for the dollar (and I believe we have), that would mean it is now worth $100 dollars. That is 2% remaining purchasing power. 2% of $5000 is $100. Thanks for all your insights and recommendations.

    Regards,
    BR

  20. I think there is a math error here. $5,000 in 1913 is more like $226 today. Not 4.5 cents.

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