It is absolutely imperative that you Start saving right now in the form of Physical gold and silver do not save in Dollars at your bank your savings Account should have exactly zero dollars In it and I'm gonna explain why so let's Do it Thank you so much for watching my video I do sincerely appreciate it if you want To learn more about investing in Precious metals or if you just want to Watch awesome videos about gold and Silver make sure to subscribe to my YouTube channel okay so saving money is Extremely important we don't know what's Gonna happen in the future we don't know If our car is going to break down we Don't know if there's going to be a Medical emergency that comes up we Simply don't know and so you have to Have insurance you have to have a backup Plan a backup for your backup and you Have to have savings now when you save Money you should have a little bit of Cash on hand I'm talking you know fifty Dollar bills hundred dollar bills you Should have some on hand but you should Not have a lot of your savings in cash Because of inflation inflation is eating Away the buying power of your dollars Month after month year after year and You're able to buy less and less things With these dollars so to a better way to Save is in the form of physical gold and
Silver because with precious metals they Are outside of the fiat currency system They are real money they've been used as Money for thousands of years and it Doesn't matter if the dollar goes to Zero if dollars get hyperinflated and You can buy literally nothing with your Dollars that doesn't matter if you have Physical gold and silver it's another Form of wealth some people look at it as An alternative currency but what it is At the end of the day is real value real Wealth and you will always be able to Buy and sell things with gold and silver So I'm not talking about some crazy Apocalypse in the future where you know We're bartering with small little bits Of gold I'm not talking about anything Like that I'm talking about the value That's locked away in your precious Metals you will always be able to Convert that into whatever currency Exists in the future whether it be Cryptocurrency see a digital dollar some New thing you will always be able to Take that gold take that silver convert It into the new currency that is in Existence and buy and sell things with That currency you don't necessarily have To use the gold and silver as currency Although you can do that now and you Certainly will be able to do that in the Future okay now let's talk about why you Should not save in the form of a fiat
Currency now if you live in the United States of America like me then you use The US dollar so we will use that as an Example this is why you should not save In dollars now I did previously mention You should have some cash on hand this Is for an emergency that may come up so Maybe one or two thousand dollars in Cash but anything beyond that I believe You should save in the form of physical Gold and silver So currently we are Looking at the U.S debt Clock the Website is Usdebtclock.org and we can see the National debt up on the top left it's Almost reached 31 and a half trillion Dollars now this is a large number but I'm sure this is going to continue to Climb up into the hundreds of trillions Or maybe even quadrillions in the future I would not be surprised if it got much Higher than that but let's scroll down Here because I want to show you a few Things that have to do with inflation so If we look at the top right of the Screen you can see the median income now This is for the United States of America It's around thirty five thousand dollars Below that you can see the median income In the year 2000 around Thirty one Thousand dollars okay so 23 years ago we Were making what around 10 12 percent Less than we're making now that's not a Huge raise in 23 years but look at the
Middle this is how much homes are Costing now so back in the year 2000 161 Thousand dollars now it's almost five Hundred thousand dollars for the price Of a new home this is insanity I mean This this is like three times more Expensive than it was 23 years ago but What we've only gotten a 12 raise this Does not make any sense this is not Sustainable our currency is getting Eroded away up on the top left you can See College tuition now I believe this Is uh for every year but twenty six Thousand dollars used to be ten thousand Dollars right so the price of college Has gone up if we look at health care Costs used to be around five thousand Now it's over thirteen thousand so the Cost of everything is going up which Basically means dollars are not able to Buy as much as they were able to buy in The past and this is inflation Everything costs more over time so if You're saving in dollars you're Basically losing money every single Month and every single year check this Out real hourly earnings declined for The 21st straight month this is absolute Insanity inflation continues to eat your Paycheck for the 21st month in a row oh Average hourly earnings failed to keep Up with Rising prices this chart here is Showing over the last 10 years the gap Between wage growth and price inflation
So every single one of these lines is a Month and zero is the neutral zone if The line is going up that means your Wages on average were increasing to beat Inflation if the line is going down like We see a lot recently then wages were Not increasing enough to beat inflation So keep in mind every single one of These months over the last 10 years We've had inflation and any money that You had in savings you're basically Losing buying power month over month but Theoretically if you were getting wage Increases in making more money than you Were the month before and you're beating Inflation then you could save more but I Guarantee a lot of you were not saving More money during all of these years and So recently we've been losing to Inflation so not only are you making Less money it's harder to make ends meet You're probably not able to save as much As you were before but any money that You were able to save you're still Losing to inflation and you're losing at A faster Pace than you were before keep In mind the price increases are worse Than the government data reveals the Government uses a cooked CPI formula That understates the actual rise in Prices based on the formula used in the 1970s CPI is closer to double the Official numbers that means your real Wages have fallen somewhere in the
Neighborhood of four percent in the real World where you actually live this is Insanity and this is really sad Americans are burning up their plastic In order to make ends meet and these Inflationary times revolving credit Primarily reflecting credit card debt Rose by another 16.4 billion in November To put the 16.9 percent increase into Perspective the annual increase in 2019 Prior prior to the pandemic was 3.6 Percent it's pretty clear that with Stimulus money long gone Americans have Turned to plastic in order to make ends Meet as prices continue to Skyrocket so I think this paints a pretty clear Picture that times are tough right now But I think things are going to get Worse I think we're already in a Recession but this recession is going to Get much worse than it is right now I Think a lot of people are going to get Laid off they're going to lose their Jobs the FED is going to have to create A lot more currency there's going to be Bailouts probably more stimulus checks And this is going to lead to more Inflation and this cycle is just going To continue on and on and on and the Dollar is going to get weaker and weaker Right now you can go to McDonald's and Buy a cheeseburger for what dollar fifty Two dollars it's going to be five Dollars or ten dollars for a
Cheeseburger down the road maybe someday It'll be a hundred dollars for a Cheeseburger I remember when I was a kid I could go to McDonald's and get a Cheeseburger for 35 cents that'd be Unheard of to buy one for that now and The thing is the cheeseburgers back then Were probably a lot bigger than the Cheeseburgers are today so why would you Save in a currency that is failing this Currency is not a good place to store Your wealth your buying power is getting Eroded away so what I do is I don't save In the failing currency right I save my Money in the form of physical gold and Silver these are real money these are Real wealth these will never fail They've been around for as long as the Earth has been around it's not a human Invention it's not like we came up with Silver or we came up with gold it's Literally an element that exists here on Earth and it's universally agreed to be Real money even the banks they stack Physical gold as far as silver goes we Need silver for industry it is a Precious metal it has extreme value and So I love love saving in gold and silver Because I know no matter what happens to The dollar I'm going to be able to Retain my wealth here's a look at the Price of silver over the last 30 years As you can see back in the year 2000 Silver was right around five dollars an
Ounce there was a huge Spike up in the Year 2011 but generally speaking over Long periods of time we see the price go Higher if we switch over to Gold we can See in the year 2000 gold was right Around 250 dollars an ounce and today It's considerably higher than that so Both silver and gold generally go up Over long periods of time the dollar Usually goes down which is why precious Metals are a great place to store your Wealth so anyway if anyone was on the Fence about buying precious metals you Know converting that fiat currency into Real money I hope this video helped you I hope you're able to better understand Why you should be saving in gold and Silver notice I'm not really calling it An investment I'm calling it savings Because at the end of the day that's Basically what it is it's the best form Of savings you ever could have and if There is a spike in Precious Metals Prices you know maybe demand shoots up And we see the value go up fast compared To everything else you could even sell Your precious metals by land do whatever You want with it but you know your Wealth is protected if you hold on to Your gold and your silver so that's what I'm doing anyway if you have any Thoughts on it feel free to leave them Down below in the comment section I do Want to say a massive thank you so much
For watching and I will see you all in My next one silver dragons out
