Why Precious Metals & Cryptocurrencies Are The Best Investment For The Coming Years

We can all feel something looming around the corner economically. Each of us on some level feels that something just isn’t right with the way resources are managed on our planet. We might see it through the ever-growing gap between the poor and the very few rich; or perhaps how increasingly difficult it is for the average person to maintain a decent living; or maybe from the destruction of our individual purchasing power. However you recognize it, we all know something just isn’t right.

So what exactly is happening? Put simply, economic manipulation.

All of us are aware that a few people are pulling the strings of our collective economic fate. But how are they controlling the economy? The answer is through the banking system, using debt.

The good men and women sitting in government and banking offices think they are doing the right thing. We have all been, at some point, sold on the idea of consumerism, and furthermore how spending is actually good for the economy. While I personally don’t believe anything is inherently wrong with owning things to have an abundant lifestyle, the concern is how we are going about it.

Long gone are the days when you had to actually earn the things you consume, saving to buy that new pair of shoes, car, or house. Now in the world of easy money almost anyone coming into adult age can get a credit card, loan, or government handout. In fact, at this point, it’s almost a requirement to live in this economy.

But what is so wrong with that? Can’t debt be used to promote our prosperity? Yes absolutely, if used responsibly. However, when was the last time you had a look at the national, or global, debt clock? If you have, it should become quickly apparent that someone is not using debt responsibly (hint hint, it’s our governments).

There will come a day when the chickens come home to roost and all government debt will have to be settled through some form or another. The two possible outcomes are governments either pay up, or default.

If you think default is the likely outcome, I would ask yourself if you think these elite who have indebted our governments are in more control over the outcome of the situation than our governments, or the people are. It’s certainly possible that we can collectively regain power over the economic situation, and I surely hope this turns out to be the case.

The more likely outcome, however, is that governments will attempt to inflate the debt away through printing more of their country’s currency. This is what governments have always chosen in the past when needing money. The alternative is raising taxes and paying off the debt responsibly, as well as with a currency that is not borrowed into existence like the US dollar. Unfortunately no one will vote for any politician that will do this, just like they haven’t up to this point. (For more information on this topic I highly recommend Mike Moloney’s Hidden Secrets of Money.)

In this almost inevitable inflationary scenario anyone owning fiat currency, or with investments and fixed income paying in fiat, will see the value of their earnings severely diminished. This reactionary response to the debt problem will just require more borrowing by governments, and the average person, in order to pay for the exorbitant cost of living inflation creates.

The way to protect ourselves as individuals, and possibly even prosper, in this situation is by owning assets with tangible value. Some examples include farm land, natural resources, companies that produce essential goods and services, and as you may have guessed by the title of this post, precious metals, and other alternative currencies such as cryptocurrencies.

Although all of the assets mentioned above are considered solid hedges against inflation, I personally have chosen precious metals and cryptocurrencies to make up the largest portion of my portfolio. Unlike the others, these are truly alternative currencies which is what will be in demand as fiat currencies are debased.