By Patrick A. Heller
Commentary on Precious Metals Prepared for CoinWeek.com
What do you do with my commentaries? I have been writing them since 1995, gaining a wider audience as time goes on.
Do you merely read them for entertainment? If that’s enough for you, I accept that.
Or possibly do you read them to get a more rounded perspective of what is happening to the world’s financial and monetary systems? Well, that’s OK with me too.
Or—do you actually really grasp what I am saying and follow that up with actions you take for your own benefit? Then I thank you for being a good reader. Whether or not you have done business with my company, you have taken the responsibility to prepare for the evolving financial crises, taking steps that only a small percentage of the population has done.
My company has thousands of customers who are very happy that they took my advice and acted on it. Several customers are in seven-figure profit positions. I am grateful for those who have trusted me to assist you in establishing your insurance holdings of gold and silver.
But, did you know that the vast majority of people who read my articles or listen to my radio programs never have and never will take actions to help themselves? Some may see or hear what I present, briefly think “that’s interesting,” and that will be the end of it.
There are also a large number of people who are so frightened by the information I share that they just don’t want to face the possibility that I could be right. These are the kind of people who are apt to whine, “why didn’t somebody warn me?” that the value of the US dollar has fallen more than 80% to gold in the past twelve years?
Well, I did tell you, and I’m telling you again—right now.
In my judgment, the US dollar is doomed.
The big question is not if—but when.
From what I see, the collapse of the US dollar might happen within a few months. Or it could take one to three years.
More than 99% of all members of the US Congress are resigned to, if not actively pushing for, the destruction of the dollar. In my lifetime, there hasn’t been a US president, Republican or Democrat, who has stood for the principle of a stable US dollar. As for the Federal Reserve, you’ve got to be joking! So, don’t look for any last minute reprieves from Washington.
Do you realize what I just wrote? No matter what you might do personally, it won’t matter. The US dollar is on the way out.
You can’t change that result. But what you can do is change how you will prepare for the end of the dollar.
Yes, I am a coin and precious metals dealer. I would be thrilled to have more customers. But it is more important to me, whether or not you call on my company for service, that I live in a world where you, your relatives, neighbors, and co-workers each take action to protect your respective financial well-being.
There are over 5,000 coin dealers in the US. Most of them can help you acquire your insurance position of physical gold and silver. Talk to, personally visit, or bring up the website of one, two, or more of them. Then patronize the ones who suit you best.
You may not believe it, but I don’t write because I hope to get rich drumming up business. It is far more important to me that I try to help salvage part of what was great about America, before the politicians completely destroy our financial well-being and our civil rights.
Again, I ask you to be honest when you answer this question. Why do you read my commentaries?
Patrick A. Heller owns Liberty Coin Service and Premier Coins & Collectibles in Lansing, Michigan and writes Liberty’s Outlook, a monthly newsletter on rare coins and precious metals subjects. Past newsletter issues can be viewed at http://www.libertycoinservice.com. Other commentaries are available at Numismaster (http://www.numismaster.com under “News & Articles). His award-winning radio show “Things You ‘Know’ That Just Aren’t So, And Important News You Need To Know” can be heard at 8:45 AM Wednesday and Friday mornings on 1320-AM WILS in Lansing (which streams live and becomes part of the audio and text archives posted at http://www.1320wils.com.