With the fed promising to print more money until INFINITY, the window to buy gold and silver before prices skyrocket is quickly closing.
EVG Research Team here, and a fantastic question we often stumble upon is this:
“How much gold or silver do you need to ride out the economic crisis?”
Great question, and we’ll break it down for you below.
But first, know this.
The Elevation Group strategy isn’t just to “survive” the next economic collapse. And however much gold and silver you’ll need to ride out the financial storm is just the bare minimum you should buy.
The real EVG “black box” strategy is to collect your lion’s share of the wealth transfer that’s about to occur.
Let me explain...
Whenever an economic collapse occurs, real wealth doesn’t disappear, it just changes hands. That’s why more millionaires were created during the Great Depression than at any other time before in American history.
Purchasing gold and silver the right way... and then maybe the most important part, knowing when to sell at the right time... is how we at The Elevation Group plan to capture enormous amounts of wealth as it changes hands.
BUT... it’s also important to factor in how much gold and silver you’ll need just to keep up your way of life and pay your bills.
There’s an easy way to do that, but you have to understand...
The Gold & Silver Pricing Mystery
In a US Presidential debate last year, Rep. Ron Paul famously pointed out that you can still buy a gallon of gasoline for a dime...
...a SILVER dime, which all dimes were prior to 1965.
Paul told the astonished crowd that a silver dime and one gallon of gasoline were both worth roughly $3.50... and he was right!
As the price of gas, food, and other goods and services go up overtime, they do so only in terms of dollars. Priced in gold, they stay relatively the same.
And that’s been true for thousands of years.
For example, gold has long been tracked to the price of a man’s suit. This was true when the Romans ruled all, when Beethoven wrote symphonies, and when Jefferson penned the Declaration of Independence...
...an ounce of gold always seemed to hover around the price of a decent man’s suit.
Knowing this, a good rule of thumb to make sure you have enough gold and silver for a crisis is to...
Count Up Your Bills Priced In Gold
1) Get out those receipts and count up how much you spend each month on groceries, gas, rent, cable/internet, cell phones, utilities, entertainment, etc. Then multiply this number by 12 to get an annual figure.
2) Also factor in how much you spend per year on clothes, sports and other expenses that might be seasonal. No need to multiply it, just add this to the previous number.
3) Then add in an extra $500-$1000 for unexpected expenses.
One bill you do NOT have to factor in is your mortgage payment, if you have one. Unlike rent that can be bumped up every 6-12 months when your lease is done, your mortgage payment stays the same.
Same with a car payment. And that means when inflation drives up the cost of everything else, including gold, these expenses actually shrink in terms of gold.
OK, after following those 3 steps you should have your annual expenses totaled up.
Time to think about taxes...
Gold is considered a collectible for tax purposes, so when sold it can be taxed at up to 28%. (And actually, it can be taxed for more, but you can find out all those nitty-gritty details inside your member's area.)
4) So go ahead and multiply your annual expenses by 1.28, meaning 128%, just to be sure.
Got it?
5) Now divide that total by the current gold price: $1,776.
6) This new number is roughly how many ounces of gold you’ll need PER YEAR to get through the crisis without changing your standard of living. The next step is to...
7) Determine how many years the crisis will last, and multiply your current total by that. This will tell you how many ounces of gold you’ll need to ride out the crisis.
It’s impossible to know for sure how many years the crisis will continue. But during the infamous crisis of Germany’s Weimar Republic, high inflation lasted for 4 years - and that’s not a bad guide to use.
After you complete these steps, you should know how much more gold you need to buy to get prepared.
But Don’t Forget to Collect Your Share of the Wealth Transfer
Because again - at The Elevation Group, we’re not settling for “keeping our standard of living” during the crisis.
Instead, we’re using our knowledge of the looming crisis to position ourselves to collect the lion’s share of the wealth transfer.
With infinite money-printing on the horizon, there’s little time to lose. If you haven’t already, check out these strategy sessions on buying gold and silver now:
Everything You Need to Know About Buying Gold & Silver
This article is reprinted courtesy of The Elevation Group. To find out more, please visit their website at:http://theelevationgroup.com/
