How to Protect Yourself From “The End of Money”

By Aaron Gentzler

We are on the cusp of a profound change in our system of money…
the biggest change since President Nixon severed the link between the
dollar and gold.

I call it the “end of money.” Because it will profoundly change our attitudes toward how we save and store capital.

The fiat money system Nixon ushered in has been around for four
decades. Now central banks are taking it to its logical conclusion.
They are “trashing cash” by flooding the system with new dollars,
pounds, euro, yen and renminbi.

This debasing of currencies is supposed to trigger a “recovery.” But
all it’s triggering is the junking of paper money and frothy stock
markets. Central banks don’t see this. And they continue to promise to
print money until they see higher inflation rates.

They should be careful what they wish for. They risk not only
trigger inflation, but also a widespread flight out of paper money and
into “unconventional money” alternatives.

Why should you care? Because how you choose to store capital is of
vital importance. As fund manger Edelweiss Holdings puts it:

Saving involves sacrifice. Sacrifice requires fortitude.
Fortitude should be rewarded over time by an accumulation of capital…
There is unlikely to be a second chance to re-accumulate a lifetime’s
savings. When it’s gone, it’s gone. That capital is precious to the
saver.

This is an important point… and one that most wealth builders fail to take account of. How you save is as important as what
you save. Lose your capital due to the collapse of a currency… or
other form of “money”… and your savings will go with it.

As the fiat money system unravels… and as the “end of money”
approaches… gold and silver will offer protection. In stark contrast
to the avalanche of new paper money issuance, these metals are in
finite supply. This means central banks can’t inflate their value away
by creating more of them.

I recommend you start with silver coins. Buying what’s called “junk silver” is an easy, quick, direct way to begin.

Don’t let the name fool you. “Junk silver” simply describes a circulated coin that may show some wear.

Junk silver gives you exposure to silver price increases. It’s also a
strong contrarian buy right now because gold and silver prices are
deeply unloved… and have taken a beating in recent months.

Junk silver gives you a tangible, portable store of wealth AND the benefit of long-term silver price appreciation.

You want to focus on coins of 90% silver content. The famous John F.
Kennedy-faced half-dollar that was minted between 1965 and 1970, for
example, contains 40% silver by weight. That’s not bad. And it is a
large coin. But for maximum portability, you can do better.

George Washington-faced quarters from 1934-1964 are 90% silver by
weight. Somewhat tougher to find are Franklin Roosevelt-faced dimes
minted between 1946 and 1964. These are also 90% silver by weight.

To get started, you can find rolls or even bags of junk silver on
websites such as eBay or Etsy. Or you can set up an account with metals
dealers providentmetals.com or apmex.com.

It’s important to shop around and compare who has the lowest markups and cheapest shipping. Use a site such as kitco.com
to compare the silver content (by weight) of the coins you’re buying
to the current spot price for silver so you know what markup you’re
paying.

And don’t forget about local dealers. A simple Google search will
put you in contact with reputable and established dealers near you.

In fact, starting small and local is a great way to begin a collection of physical gold and silver.

Junk silver is just the first step to protecting yourself from the
“end of money.” In future updates, I’ll be recommending some other
unconventional ways to store wealth and protect your capital.

Best regards,

Aaron.