I think diversification is good but I look at it a little more broadly and as you mention political risk is increasing. As far as advice I think you should focus on strengthening your ratios and I have provided some tools in Provident Living Principles. It is essential to know how to measure where you are. Everyone can change their ratio benchmarks, of course, and I am very risk averse, do not like mistakes and try not to lose capital so my ratio benchmarks may be different than others. Everyone has their own preferences though.

Political risk is hurting the FRN$ and currency controls are being increased.

I would be wary of any type of ‘paper gold’. You may want to review my page on How To Buy Gold Or Silver. I recommend the physical metal in your hand or if you use a third party I only trust GoldMoney (which Schiff also trusts and wrote about in CrashProof).

As far as water, well, as I wrote about in Silver Trending Towards Backwardation Again “While silver is currently not as cheap as it was earlier when I recommended buying; the ‘tears of the moon’ is still a decent value.” Likewise platinum is not nearly the value it was when I recommended it at $1118 a few weeks ago.

As human we have our Mother and Father, A fruit has its Tree, and many more. The fiat currency is driven dream of very few people.

Genewa S Livinai

The foundational document you speak of would be extremely useful and would be much appreciated.

Thank you,
James

Great presentation at the Cambridge House Gold Show. You were one of the best speakers. Could you make that Summary Report available?

“I think I need to develop a good foundational document of about 45-50 pages to provide a solid grounding in the principles at work. While most of the information is available it is scattered and unorganized throughout about 100 posts which could be formidable for a new reader. If you would find such a document valuable please leave your comments.”

I was able to make it out to the Cambridge House Investment Conference on Sunday (I had school on Monday so couldn’t then) and will say that your individual presentation was by far the highlight of the day. My friend and I really enjoyed how you kept the question and answer period going for so long. It was very interesting and was great to have the conversation develop as it did …much appreciated.

As for this, “I think I need to develop a good foundational document of about 45-50 pages to provide a solid grounding in the principles at work…If you would find such a document valuable please leave your comments”; I know I would love to be notified should you ever get around to doing something of the sort. I agree with you on the fact that finding out about the details on topics such as debt-based currency, money creation etc. is quite the process as it involves a great deal of site-surfing and picking up snippets of information here and there.

Thanks again for the awesome presentation at the conference.

I have a question. You indicate that you would look to purchase real estate when prices reach 500-1000 oz of silver or 75-80 oz of gold. With metals prices where they are today, it would be whole lot cheaper to buy 1,000 oz of silver than 80 oz of gold. Does this make silver a better investment at today’s prices (assuming of course that the price manipulation game ends)? What do you think?

Based on my limited involvement as a VERY small-time investor, it certainly seems that physical silver is much more difficult to come by than physical gold (visit your local coin shop and check their inventories of gold and silver eagles and you will get a sense of this), however, this does not seem to be affecting the spot price a whole lot.