All about money – how to protect your wealth during the financial meltdown

Let me be clear once again. No amount of wealth can protect you from the judgement of God. You need Jesus Christ to save you from sins and hell eternally. It is a free gift from God. You cannot buy your salvation.

As Christians, however, we are also charged to be good stewards of this earth, and that includes money which God has put into our hands. Money is not evil; but the love of money is the root of all evil … (1 Timothy 6:10). With the stewardship responsibility in mind, I believe we should protect our wealth in the coming global financial systems meltdown. I have been an equity investor for more than 10 year. I made some and lost some. I have even traded options. However, I believe it is time to get out of any paper traded system and invest in hard assets: gold and silver.

Here the resources that have helped me:

Reading and Research:

http://hiddensecretsofmoney.com/ – sign up is FREE and remember to watch the video episodes 1-5. It gives you a clear picture of when fiat currency and money is. It tells you a brief history of currency and money. It tells you why you should hold physical gold and silver right now. They also sell precious metals but if you are in Canada, I would recommend you buy from the 2 dealers I list below. The shipping from GoldSilver.com is pretty costly.
http://usawatchdog.com/ – tells you what is really going on in the world from a financial and political perspective. Far different from mainline media.
http://www.silverdoctors.com/ – a collection of blog posts and news from different websites that touch on gold, silver and financial developments of the world. They also sell precious metals but if you are in Canada, I would recommend you buy from the 2 dealers I list below.

Buy gold and silver:

Canadian Bullion Services – based in Toronto, Ontario. Many different choices of gold, silver, platinum and copper bullion, even diamonds. They are BBB accredited. Free shipping over $5000. Gold price is among the lowest while silver is a little bit higher than The Troy Ounce.
The Troy Ounce – based in Grimsby, Ontario. Price of silver is among the lowest I have seen. Fast service, free shipping over $5000. I have ordered from them before so it is genuine.
Atlantic Gold and Silver – based in New Brunswick. Higher prices than The Troy Ounce and Canadian Bullion Services. However they have “vault account” where you can invest your money in gold and silver without immediate possession. You can take delivery anytime. Another advantage is that they provide “recurring payments” in the vault account. Basically you can invest a small amount of money in precious metals on a weekly, bi-weekly or monthly basis.

Step-by-step guide to protect your wealth:

Read the Bible, especially Book of Proverbs and pray to God for wisdom.
Research, research and research. I would highly recommend you to watch all 5 episodes from Hidden Secrets of Money that I listed above. You need to understand how the modern banking system works. You need to realize that the global financial system is a giant Ponzi scheme to suck money from middle and lower class and transfer them into the top 1% elite of the world.
After you are convinced the dire situation we are in, start to research books/websites on gold and silver investment. Again Hidden Secrets of Money and Silverdoctors are good start. But I wouldn’t recommend you to buy from them if you are in Canada.
Sell your stock, funds, bonds. These are going to drop in value dramatically when the system collapses. Withdraw the money from the accounts and buy gold and silver. Even if you have to take a hit in tax from your RRSP accounts, do it. Beside the fact that there will be a big loss in value, the government can and will confiscate YOUR money to help save the nation’s debt. It happened in Cyprus last year. It is happening now in Europe and USA. As long as your money is in the banking system, you are in danger.
You need to, of course leave some cash in the banking system for daily transaction, paying bill, etc….but keep that as minimum.
Buy gold and silver from the 2 dealers I listed above. Of course, do your research. You might find a better deal elsewhere. However, be careful to deal with a reputable dealer. There are fake gold and silver bullion from China.
Buy silver first, then gold. I believe silver has a better upside value because the historical ratio should be 10 silver to 1 gold. Right now it is about 60 silver to 1 gold. There are less investment silver on the ground than gold. Silver is used widely in industry. Silver is more affordable for general public. Both gold and silver will go up, but I would invest more in silver.
Buy bar first, then coins. USAWatchdog does not recommend people to buy bar, but I disagree somewhat. Bars carry less premium. The goal is to protect your wealth and the more ounces you accumulate the better. With that said, however, I would also buy coins because they are more recognizable and easier to sell and they are legal tenders as well.
I wouldn’t recommend you to buy 100 oz bar because of weight unless you hold them in vault. If you are going to store some metal at home, stick with 1 oz and 10 oz bars.
For coins, go with Canadian Maple, then American Eagle. Since I live in Canada, Canadian Maple is more acceptable and cheaper.
You have to find a good place to store your gold and silver. Don’t put them in the bank’s safe deposit box. You don’t have access to them during bank close or market crash. And it is not under insurance. Dig a hole, buy a safety storage cabinet, whatever. And if you are blessed with large amount of metals, consider storing them in specialized vaults out of the banking system.
You don’t have to report your purchase or sale to government unless it is more than 10,000 in cash transaction. In other words, if you make money on metals when you sell, it is not recorded by the coin shop or bullion dealer. (that might change when government gets desperate, who knows?)