Terry Sacka on the Wealth Transfer Show Discussing Asset Protection through Gold and Silver
PR Log - Mar 05, 2013 - What is the Great Wealth Transfer?
Many financial analysts have thoroughly studied monetary history, devoured thousands of web pages and scores of books. One thing that remains constant is that the same economic patterns will tend to repeat themselves throughout history. This has occurred from the dawn of monetary exchange to the modern day.
Terry Sacka was recently invited on the Wealth Transfer show to discuss a specific recurring economic cycle which is inflation and the economic downfall of societies that are based on fiat (paper) currency. Terry spoke about the many signs around us that indicate we are at a point in time where this cycle will happen again, but possibly at a magnitude far greater than what has occurred in the past due to the size of our global economy and weight of our national debt.
In Terry's opening statement he explained, "People want to know what really is impacting the inflation to their savings and their retirement. We as Americans have been living a fat cow lifestyle. It's getting to the point where we have to make some very serious changes in order to protect what we worked our life to save."
He went on to state that at this time we have the ability to protect and preserve our families' wealth and economic future by investing in hard assets, real money which are precious metals such as gold and silver.
The Deteriorating Dollar
One such example Terry pointed out was that back in the 1960′s, a paper U.S. dollar, which was called a ‘Silver Certificate’ at the time was redeemable at any bank for one ounce of silver. At that time the U.S. dollar and that same one ounce of silver were equal and had the purchasing power to buy five gallons of gas. The 'gold standard' was cancelled back in the 1970′s which converted the dollar to a U.S. Federal Reserve Note. At present day, in 2013, that one ounce of silver if sold could purchase ten gallons of gas, which is twice as much gas that it was able to purchase in the 60's. That same one paper dollar today would not even purchase a quart of gas.
Wealth Transfer Scriptures in the Bible
The following scriptures were referenced by Terry Sacka, an individual of the Christian faith who believes in biblical investing principles and their application in the modern economic climate.
Proverbs 13:22 - A good person leaves an inheritance for their children’s children, but a sinner’s wealth is stored up for the righteous. Proverbs 11:1 – A false balance is abomination to the LORD: but a just weight is his. Proverbs 10:22 – The blessing of the LORD, it maketh rich, and he addeth no sorrow with Psalm 35:27 – Let them shout for joy and rejoice, who favor my vindication; And let them say continually, “The LORD be magnified, Who delights in the prosperity. Job 27 – Job’s Final Word to His Friends – And Job continued his discourse: “As surely as God lives, who has denied me justice, the Almighty, who has made…
Through these references, Terry was able to illustrate that as our country approaches the fiscal cliff/debt ceiling and continues to print enormous amounts of money, people have begun to lose faith in fiat currency. They are now turning to gold and silver which has been the standard of true wealth since the dawn of civilization.
His ideas lie within the fact that the safe haven that precious metals provides for investing in uncertain economic times in unequaled. Gold and silver will never lose their value and are not subject to the systematic risks that paper money lends itself to. This makes it an ideal investment vehicle to hedge and protect your hard earned wealth against inflation and other threats of devaluation.
About Terry Sacka
Terry is an analyst and chief strategist at Cornerstone Asset Metals, a private bullion dealer. Cornerstone specializes in helping people hedge their portfolio against inflation by guiding investors through the precious metals market to put "the people" back in charge of their wealth. Watch the video below to see the full episode of Terry's appearance.