But and a huge but!! If you are going to keep money in the 401k I would look into this company called Silver Wheaton. Check out their website at www.silverwheaton.com. They are booming and will continue to boom as the financial crisis swells with in the United States. They have 15 silver contracts at $4.20 an ounce to mine some where around 40 million ounces of silver by 2013. Current silver prices are just under $30 dollars an ounce. Silver is predicted to be over $60 dollars on ounce by 3rd quarter of 2011. That is double the current value. And if the dollar does collapse it will go back to its 1/16 ratio which means it will be well over $100 an ounce. That’s over 300% return on your money. And having your 401k with a chunk in this company may keep your retirement not only alive but a lot more profitable than expected.
The problem with the upcoming market is fully loaded against YOU! We have inflation on the rise with things such as corn inflating as much as 50% in the last 23 months. Oil is now over $90 a barrel and some of my research indicates it could (I think will) be over $150 a barrel. That means get ready for 5 and 6 dollars a gallon in Gas and super high prices for diesel. You will see commodities at the grocery store more than likely double, triple, or even more. Also with the inflation in gas those numbers will go up. So here is the bad part for retirement plans, the baby boomer’s need their money to survive. So you will see a huge surge in the next few years of baby boomer’s withdrawing their money to survive and very little or none will be reinvested. So the typical long term stock investments will shatter a retirement.
So my advice can be taken for what it is worth.
1. Increase your financial knowledge by understanding this screwed up money system. Knowledge is the best investment.
2. Get 6 months of food storage ASAP.
3. Buy physical silver coins to have at home in the safe.
4. re-diversify your 401k into bull markets. I SCREAM GET OUT! BUT IF YOU INSIST TO STAY IN put it into for sure bull markets! I do not understand how the financial planner’s continually preach long term mutual funds when the US Dollar has lost over 40% value since the banking crisis the end of 2008. Even having money just sitting in the bank is actually losing money right now!!!! It will continue to get worse this year. 95% of mortgages are now owned by the Federal Reserve which is a central bank and not owned by the US government.
5. Don’t waste time beginning your research… financial education is one thing this country lacks and it will cost many their entire life savings. I have seen many Large Privatized Financial and Other experts take a public stance on the current situation, from Tony Robbins, to Stansberry’s Investment Research, to Robert Kiyosaki, and Even Mr. Apprentice himself, Donald Trump. So when I see financial experts heeding a warning along with my own studies I know it definitely is a serious matter.
The B Side To The Truth is simple today... take the time to educate yourself on a very serious matter. A financial matter.
Colton - discover your true'ness'
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