
Today I listened on T.V. to Jim Cramer urging everybody to buy silver. He called it the poor man’s gold and tried to show how underpriced it is in relationship to gold. He said that the day will come when it will be worth as much as gold. I also listened to the news stations telling more of the crimes committed by AIG, one of the world’s largest corporations, and how the USA is bailing them out again with no hope in sight for them to recover or pay back a dime of taxpayer money. I also heard than the world’s biggest swindler, Bernie Madoff, is having his first day in court today.
God has a warning and a blessing for all of us in Proverbs 11:3-8
“God hates cheating in the marketplace; he loves it when business is aboveboard…
The integrity of the honest keeps them on track; the deviousness of crooks brings them to ruin. A thick bankroll is no help when life falls apart, but a principled life can stand up to the worst. Moral character makes for smooth traveling; and an evil life is a hard life. Good character is the best insurance; crooks get trapped in their sinful lust. When the wicked die, that’s it—the story’s over, end of hope. A good person is saved from much trouble; a bad person runs straight into it”. MESSAGE BIBLE
In the long haul silver is supposed to do better than gold for an investment and as an insurance against runaway inflation. Cramer and other financial counselors are now recommending that a person puts at least 20% of their assets into silver. Every family should have at least a half bag ($500 face value) for each family member of “junk silver” (pre-1965 dimes, quarters and halves), which are valued not for their face value, but for their silver content. These can be purchased at coin shops or on eBay. As in other countries and in other times of history, when there is hyper-inflation, a person can use these to purchase goods at the going price of silver. If you wanted cash, any coin store will act as a bank and give you paper money for your silver at that day’s spot price for silver with a small commission for the transaction. (For example: $1.00 for an old silver dime.) Buying some silver regularly is smart like regularly buying extra grocery items to save in your pantry for a rainy day. Sacrifice now. When hard times come you will win!
Proverbs 11:21 says, “Count on this: The wicked won’t get off scot-free, and God’s loyal people will triumph!” MESSAGE BIBLE
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