13 reasons why you need to buy gold and silver now before prices go back up

Since the economic collapse of Cyprus this year, the financial world has been rather interesting to say the least. Cypriots’ money was taxed (stolen), Bitcoins soared in dramatic fashion, gold and silver took a beating in the market and the Dow Jones rose quite high.

Well, it seems everything is back to normal for the time being: the situation in Cyprus has cooled, the Bitcoin bubble popped, precious metals are still in high demand and the Federal Reserve is continuing to destroy the United States economy.

What does this mean? Those looking to protect their wealth should return their focus on gold and silver bullion. It’s no secret that the U.S. dollar is being devalued – and has been for a long time – and it seems the Fed wants to continue its inflationary policies indefinitely. This entire realm means is that inflation is very real and it cannot be avoided.

Although gold has dipped all the way down to $1,500 during the Friday trading session and silver dropped to $26.31, it’s still a very good prospect as a safe haven and lucrative investment for the long-term. Despite financial experts and analysts urging everyone to get out of gold, the very people who predicted the financial collapse in the first place are seeing this as a great buying opportunity.

This is indeed a tremendous opportunity to finally get into the precious metals market if you haven’t already. Both gold and silver are slated to hit $2,000 and $40, respectively, in the near future, and as most central banks look to debase their currencies, gold and silver have no other direction but up.

Here are 13 important reasons why you need to buy gold and silver now while prices are relatively low:

1. The economic situation elsewhere around the world has allowed investors to ignore the catastrophe in the U.S. waiting to happen. The national debt is inching towards $17 trillion and is projected to hit $26 trillion by the year 2025 – that figure could jump even higher.

2. As of 2012, the total interest paid on the U.S. national debt is nearly $4 trillion. Interest rates will inevitably increase and since the federal government already pays $400 billion a year on the interest that figure could exceed $1 trillion eventually.

3. Fed Chairman Ben Bernanke has recently stated that interest rates will remain near zero for several more years. Of course, this hurts the savers and investors, while putting the spenders more into debt.

4. Although the budget deficit will dip below the $1 trillion mark for the first time in four years, it will climb back above $1 trillion by the end of President Obama’s second term in 2016. This will just add more to the national debt.

5. When you calculate all of the nation’s debt, including household, business, financial institutions and state, local and federal governments, it’s roughly $60 trillion, or $705,773 per family.

6. U.S. unfunded liabilities and expenditures total $121.7 trillion: Social Security Liability: $16.05 trillion, Prescription Drug Liability: $21.2 trillion and Medicare Liability: $84.5 trillion.

7. In the future, the federal government will only be able to afford to pay the interest and a few social programs, like Social Security.

8. Since 1913, when the Fed was created, the U.S. dollar has lost 90 percent of its value.  This devaluation will continue and accelerate.

9. The Fed is purchasing $85 billion per month of Treasury securities and mortgage-backed securities, massively increasing the monetary base.

10. Since the year 2000, the price of gold has risen from $200 to nearly $2,000 (now back down to $1,500).  The price of silver has also risen from a few bucks to as high as $49 (now back down to $26.31).

11. All central banks are involved in a currency war to see who weakens their currency the most and the fastest. With Bernanke being the instigator of this battle, it will benefit no one, especially the citizens.

12. President Obama proposed a cap on individual retirement accounts. This sets a bad precedent for the future as other administrations could place an even lower limit on how much you can save for your winter years.

13. The Fed has initiated many, many bubbles throughout its creation over the past century. From low interest rates to artificial lending standards to dropping money from a black helicopter, Americans have seen the dot-com bubbles, the student loan bubbles, the credit card bubbles and the housing bubbles. Now the most dangerous bubble is the debt bubble.

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