Your 401k,403b, Roth, and whatever is in their hands. Start transitioning it to being in your control. A bird in hand is worth 2 in the bush.
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Thank you. I never knew silver had anything to do with wound dressings. That's interesting. And you say the mines aren't producing as much silver, so if someone bought some bullion or even coins, would that be wise? Because if they start producing more silver again, won't the price of that go down?
So the 'silver certificates' went away in 1965. That means it went under Johnson's administration. But I thought that our money was backed by gold at that time. So that's confusing. Can you explain the silver backed vs gold backed? (if you don't mind, and have time. I enjoy learning about these things.) Thanks.
Silver kills bacteria, and they can never form an immunity to it. I don't know if they're still on the market, but there used to be socks with "Bioguard" (sp.), which was silver impregnated into the socks to kill the bacteria that cause your feet to stink. There is a wound dressing you can buy on Amazon called calcium silver alginate. It's in small sheets that look like felt. If you have an open wound, cut a piece of this stuff the same size, place it on the wound, and put an absorbent dressing on top. If you have a supersized wound, rip the elastic off a Pamper, as it really absorbs well and is a lot cheaper than medical supplies. That's what a wound care nurse that I went to would use. I now have a stockpile of Pampers just in case. They say that silverware and silver goblets, etc. are the reason rich people didn't get as sick as the poor people years ago. Colloidal silver is big now for killing bacteria, just don't consume too much or you'll turn blue permanently.
The "price" of silver in dollars is irrelevant, except as to how much you can get. The "value" of silver in relation to goods is what's relevant. So it doesn't matter if the mines produce more silver and the "price" goes down. It just means that you will be able to buy more of it. All paper currencies collapse, so we all need to be ready, as the dollar is on its last legs.
Kennedy was trying to keep us on silver, and also promised to do away with the Fed and the CIA. He was shot just a few days after his CIA promise. Many of us still have a silver certificate or two in our collections.
We had gold for money until FDR issued his order to have people turn in their gold for receipts at $20 per ounce. Then after he thought he had most of the gold, he jacked up the exchange rate. The dollar was still technically backed by gold, but we couldn't take dollars to a bank and get gold in return. Foreign countries still could get gold from us. Then Nixon closed the gold window and totally ended the gold backing of the dollar. Inflation would have skyrocketed instantly, but in the same speech about gold, he put in a wage and price freeze. But the inflation busted loose under Jimmy Carter and made people think it was all his fault. And then we had the fake gas shortage.
Here's a good site to find what your various coins are worth, based on the metals in them. https://www.coinflation.com/