Is Green The Color of Your Money?

The famous actor, Kermit the Frog, sang a song called, “It’s Not Easy Being Green”. That could be the most popular song among all the American dollars in the world today. It’s not a very good life for the greenback. It’s value continues to plummet more and more every day. Some very prominent people are crying the inevitable doom for the dollar.

The dollar has struggled ever since Nixon took us off the gold standard back in 1971. The green paper that you carry around is not the same as it was way back when. But the price of gold and silver always goes up when the dollar falls down.

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The best investments right now is gold and silver. Commodities. That is your best protection against inflation. There are also some great buys in real estate, if you have access to the capital, but have you seen the price of gold and silver recently?

Right now gold is around $1200 an ounce and silver is $19.00 an ounce. Robert Kiyosaki says right now silver is the better buy over gold. You want to know why?

1. There is less silver in the world then there is gold. 2. Silver is used more in manufacturing such as electronics. 3. For every once of gold, I can buy 60 ounces of silver.

I think I want to take a long hard look at my budget and see what I can eliminate to free up some money. Starbucks everyday? That sports channel that I don’t really watch anymore? Maybe even start a car pool with that guy from work. Find a way to save one hundred dollars a month, and take that green paper money and exchange it for some silver real money. Just think how fast that would accumulate.

I don’t know how you are about new years resolutions, but this one sounds worth looking into. Putting your paycheck into a bank that pays you 2.5% or in silver that could pay 50% or more.

What if silver went up to $100 an ounce?…. What’s the color of your money now?