Investment risk and retirement -- Don't mix them

If you are in retirement, and if the whole fiat (false or paper) money system collapses, and you have nothing outside that system, you will be completely destroyed financially. That is why gold and silver are so important. Physical gold stands by itself as a sentry outside the fiat money system, guarding all of your assets.

Gold has a 5,000-year track record of being the world’s only real money. Gold is tangible. Gold is real. Gold is universal and international. A person can take his or her gold anywhere in the world and exchange it for currency, or goods, or services. Gold is the only financial security in the world. Gold maintains its purchasing power.

You have probably heard the old adage, that in the year 1900 an ounce of gold would buy a good suit of men’s clothes, and in 2007, an ounce of gold will buy a good suit of men’s clothes. When our dollar fails, do you have anything to fall back on?

And that brings me back to retirement. As people get older and are past the days of being able to earn a living, they should be thinking about preserving the wealth they have accumulated, not gambling or speculating with it. As you get older, most of your wealth should be in a form that is insulated from risk or outside the fiat or electronic money system. It is not like a person who is 30 years old and goes through rough financial times. If you lose everything you can pull yourself up by the bootstraps and recover. When you get older that strength to recover is simply not there.

Here is another way to look at investments and gold. All the standard investments today are dollar denominated, whether cash, CD’s, Treasury bills, securities, annuities, stocks, mutual funds, or IRA’s. When the dollar fails, all these dollar-denominated investments will be worthless. Gold and silver, on the other hand, have a dollar value, but they are not dollar denominated. And that is the big difference. You can’t protect your electronic or paper investments, your dollar-denominated investments, with something that is dollar denominated. It is not possible.

That is why it is so important to have gold and silver, especially in retirement, to convert some of your paper or electronic wealth into gold and silver and have it with you in case something unforeseen happens.