Time to Act

The last couple weeks I've shared some very interesting happenings. Last week was the volatile ride in the market driven by actions from the Federal Reserve bank and by the solvency problems of Bear Stearns investment bank. This week it was the enslavement being used by the government in the form of constructive trusts making us second class federal citizens responsible for the national debt and other obligations the federal government has consigned us to.

These facts should not give you a warm and fuzzy feeling that these trying economic times are about to get any better, at least any time soon. The question posed to you is what are you going to do about it? Over the past couple months I've pointed out a number of options to take to protect your assets. Did you take advantage of the upswing in the prices of gold and silver?

Even if you have not acted yet, it is not too late. The wild ride in commodities last week with a lot of profit taking and the temporary actions instituted by the Federal Reserve give you a another good chance to transfer a portion of your assets into precious metals.

Gold started going up again this week. On Friday, the price of gold closed at $931.70, up from $910.90 a week ago. Silver also closed up at $17.93 per ounce, up from $16.81. The upward trend will continue, so the longer you wait, the more you will lose out. As stocks and real estate plummet, investors will continue to look for safe havens in precious metals. This is a move that spans the history of time.

Oil also continued to climb to close at $104.95 per barrel, up from $101.44 last week. That, along with the continued weak value of the dollar, will continue to enhance inflationary pressures. All merchandise will raise in price over time, and if your income is not rising as well, you will be expected to make due with less. The US dollar index lost more value against the other world currencies closing at 71.60, down from 72.80 last week. This again is an all time weekly low for the dollar, the 4th in the last five weeks.

The bottom line to all of this is there are viable options for nearly everyone to take, but you must take action. If you do nothing, you will lose more and more of your assets. We are not even close to hitting bottom yet, so don't think riding it out will be a good move.

As always, the choice is yours. If you need help, I'm available to give you some options. Heed the warning from Jeremiah if you do nothing.

Through your own fault you will lose
the inheritance I gave you.
I will enslave you to your enemies
in a land you do not know,
for you have kindled my anger,
and it will burn forever. Jeremiah 17:4 (NIV)


If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com