Markets were down again today, what a surprise. The Dow lost another 600 points, finishing the day at 18,591.
Meanwhile, gold was up about $75 today. Physical supply is drying up and dealers are running out.
That’s why I’ve been warning my readers for years to get their gold before the crisis hits. Once it does (and it has), you won’t be able to get any.
What about silver?
You Should Get a “Monster Box”
Silver’s dynamics are a little bit different than gold because there are some industrial applications, but there’s no question that it’s a monetary metal.
And I always recommend that people have a “monster box.” A monster box is 500 American Silver Eagles, fine pure silver that comes directly from the Mint. It comes in a green case and is sealed.
The 500 coins at retailer commission will run you about $12,000 right now, but everybody should have one.
You ought to have a monster box of silver because if the power grid goes down, which could happen for a lot of reasons, the ATMs won’t work and neither will credit cards.
But if you walk into a store with five or six silver coins, you’ll be able to get groceries for your family.
Believe me, that’ll be legal tender when the time comes, so I definitely recommend silver.
- Source, James Rickards
