What to Invest in After Your Bankruptcy is Discharged
What to Invest in After Your Bankruptcy is Discharged
After your bankruptcy is discharged you should not be focused on getting back on your feet by getting more credit. Learn to live on cash as the economic state of our nation is on the verge of total collapse. So you went through some hard times. Now is the time to change course and take advantage of the greatest investment in our age. That investment that you should be getting in on after bankruptcy is silver. If not for investment purposes but also for a good savings program.
There is strong reason to believe that the an ounce silver you buy today will be worth 10 to 50 times that in the next few years. That is because we as a people are on the verge of economic collapse. That's correct. We are nearing a state of depression and the US dollars being printed will loose their value at a high speed. Similar to the Weimar Republic of Germany where a loaf of bread was sold for a barrel of money such hardships may not be unheard of.
Seriously folks it is time to take a hard look at the situation and work out a plan to buy as much silver as you possibly can. In a few years those people who have only dollars will be no better off than you who went through a bankruptcy. Believe me no one can escape the upcoming crisis but we can be proactive and get ahead of the problem. Once inflation hits we are just about done economically. Silver will go through the roof. You the once bankrupt citizen could be looking at the very least a very stable situation. You see the worse the economy gets the more valuable your silver will become. Even more valuable than gold because there is a shortage of the metal compared to gold that is widely obtainable.
Right now with a historical ration of 12 to 1 silver should be over $180 but it is still below $40 an ounce at this time. Anything under $100 for silver over the next few years is a steal. The ratio today is being held down by the corporate interests many argue. However this time is short lived.
Bankruptcy is not a big deal if you learn from it and think outside of the box. Simply put what you can aside and make it a goal to at least purchase several 1 oz coins a month. You won't be sorry and it is proven to be a safer alternative to keeping cash around. Never forget that throughout history gold and silver is one of the only items that has consistently maintained its value.
If you have yet to file for bankruptcy be sure to check out this guide to filing bankruptcy for bankruptcy advice or if you are leaning toward a chapter 7 you may want to review this chapter 7 bankruptcy information.