by
Mac
Slavo
SHTF
Plan

Recently
by Mac Slavo: Ammo?
What Ammo? DHS Takes Unprecedented Step of Redacting Mass Ammunition
Purchase

With the Congressional
Budget Office reporting that the United States will
soon fall off the fiscal cliff unless the government takes immediate
action, the Federal Reserve weighing another round of heavy-hitting
monetary expansion, and the Republican Party now apparently jumping
on board the gold standard train, the stars for precious metals
seem to be in alignment. So says Peter Schiff, CEO of Europacific
Precious Metals.

Having been
ahead of goldÂ’s massive upward move years before the bursting
of the real estate bubble and crash of 2008, Schiff says there has
been a “major development in precious metals,” and if
you donÂ’t have any gold or silver yet, this may be your last
chance before they head to new record highs.

All summer
long I have been forecasting that the prices of both gold and
silver would break out. I have been urging clients not to wait
until the breakout occurred, but to buy in anticipation of that
breakout while prices were lower.

I think
that opportunity has now passed. But we still have an opportunity
to buy now, while the breakout is still early in its process.

I think
the lows are clearly in for both, gold and silver. I think now
that we have broken out the time to buy cheap will soon be
gone.

I donÂ’t
want people who have already hesitated to hesitate any longerÂ…

Â…

I think
the catalyst for that move, I believe, was the Federal Open Market
Committee minutes that came out earlier this week, that put QE
3 – that’s quantitative easing or basically money printing
and debt monetization – it put that right back on the table
in the minds of a lot of people.

In my mind,
QE 3 was never off the table. I always knew it was a sure thing.
It was just a matter of time. But now the Fed came out and surprised
a lot of people with its language. It basically said, ‘if
we donÂ’t get evidence soon of a sustainable increase in the
economy, weÂ’re going to have to take action.Â’ And of
course, the only tool in itÂ’s arsenal is to print money and
buy bonds and try to goose the economy with the same monetary
stimulus that create the problem.

Â…

Those of
you who didnÂ’t buy before the breakout, itÂ’s not to
late to buy. The prices are not quite as cheap as they were
a week ago or a month ago, but I believe theyÂ’re a lot cheaper
than they will be a month from now, six months from now, a year
from now as more and more investors realize that the recovery
was an illusion. It was simply an artificial high created
from stimulus and that more stimulus is coming. More investors
are going to flock to gold.

As weÂ’ve
previously noted, the debt-based monetary system of the entire world
is now at risk. Two years ago no one would have believed that a
break up of the Euro Zone and a destruction of the Euro currency
was possible. ItÂ’s happening now and there is a real threat
that the entire currency system of that continent will collapse
over the next year as countries like Spain, Greece, Portugal, and
Italy are unable to meet their obligations and are forced to take
on more loans and print even more money just to maintain a perception
of stability.

In the United
States, we have taken on more debt in the last 8 years than all
of the previous 200 hundred years combined. With the economy shrinking
rapidly, inflation rearing its ugly head in the retail sector, and
tens of thousands of jobs being lost monthly, there is simply no
way our nearly $20 trillion in national debt or the over $100 trillion
in long-term liabilities weÂ’ve committed to will
ever be repaid.

The solution
– and it only extends the game a bit longer, but does not prevent
eventual collapse – is more money printing in the hopes that
this will somehow change the trend.

According to
Peter Schiff and a host of other analysts, the long-term trend for
gold is still intact and will lead to record highs. Price targets
range from $2000 to $5000 depending on who you ask.

One thing is
for sure – if gold ever does get to $5000 than something very,
very bad has happened and youÂ’ll want to be holding this asset
in your reserves, along with other
key commodities and goods that become money when the system collapses.
To get to those levels we would have to experience a serious
shock to the system such as a currency
crisis, hyperinflation,
or widespread global conflict.

If such an
event were to occur, and youÂ’re only holding paper currency
and trading assets youÂ’ll be in for the shock of a lifetime.

ItÂ’s time
to get physical. Gold, guns, food, essential skills and a well-laid
preparedness plan is what youÂ’re going to need to survive
and thrive in coming years.

Reprinted
from SHTF Plan.

August
27, 2012

Mac
Slavo [send him mail] is a
small business owner and independent investor.

Copyright
© 2012 Mac Slavo

The
Best of Mac Slavo