How Can I Recession Proof $12,000?

The dollar keeps going down in value. I want to move the rest of my dollars into something else that is recession proof. Please give me suggestions and how to do it.

My friends and I are very into politcs, the economy, abolishing the Federal Reserve and reforming the government (but that's another post). This is something we talked about at great length last night actually, how to be prepared for a disaster. And one of our main things is having worth. Not money, but worth. Since, as it sounds like you very well know, the dollar is taking a nosedive, this fiat money is not the way to go. What we have all decided to do is invest in gold and silver, both of which are extremely stable. (If you compare the value of gold/silver to the value of the dollar, the difference is extremely dramatic. I looked for this great chart I've seen, but couldn't find it. Sorry.) And not put our money into the gold and silver stocks, because if there was a major disaster (natural disaster, political coup, terrorist attack, hostile takeover, whatever) you would not have access to your stocks to liquidate them for the money.

One of my friends has been buying silver coins for some time now and has a whole chest full he said (wouldn't say the dollar value). I believe the current price of an ounce of silver is $20, and an ounce of gold is over $1000. Both are poised to double in value. You have two main choices in buying silver and gold: coins or bars. Since you have $12,000 I suggest buying bars. Gold bars would be great (you could probably buy 11), BUT here is the thing we thought about (in our survival scenario, not sure if you're also concerned about that also): in the event of a disaster, gold bars would be difficult to trade. Silver coins, however, would be the common tradeable currency. Silver used to be the metal of the common man and would be very easy to trade for other goods in a disaster state. So I believe I am going to cut my losses and sell my stocks since the stock market is so unstable and down and invest in silver and gold coins. I think it's very wise to do this.

Also, please make sure you have at least a 3 month's supply of non-perishable food (rice, pasta, canned vegetables, etc.), water, batteries, flashlights, candles, blankets, matches, any medications you take or think you might need, paper, pens, etc. This will help you be prepared for what may come! Regardless of whether or not you're worried about a disaster or crash in the market, I do hope that I answered your question about recession-proofing your money. Hope this helps!

EDIT: I know another poster has posted against silver and gold. But look at history. Look at the structure of our economy and monetary system. Please go to Google Video and watch "America: Freedom to Fascism" and then find a DVD copy of "Fiat Empire" (which will explain this entire situation far better than I can and give you even more confidence to invest in gold/silver). I really hope you will at least give them a look. Thanks for your time!

Any kind of commodity would be better than dollars. Gold, silver, oil and the like.

However, I would agree with those who previously mentioned silver. The price of silver will almost undoubtedly rise past what it is now, particularly in relation to the dollar. Not to mention the value of gold and silver have been remarkably stable, as in not losing their value over long periods of time, while the price has gone up.

Purchase some silver coins or bars, and lock them up in a good strong safe, one that isn't portable, so that thieves couldn't steal the whole thing. I wouldn't recommend using a bank to hold your precious metals. That may be a bit of paranoia, but the government banned private holding of gold in the 1930's, and there is no reason to believe they wouldn't do the same thing again, with either gold or silver.

Silver is undervalued right now. I agree with buying actual silver bars or coins.

Gold is down to $920 early Thursday pm = it's not recession proof - very volatile - nothing is guaranteed - especially short term - long term - stocks easily beat inflation

In the stock market its always possible to watch certain stocks go up between 10% and 70% within a few hours or days. And even when you can see stock traders that make $5000 on a single trade, it is also not unusual to see beginner investors lose a great deal of money because of a series of unwise decisions.

The problem is that if you don't know how to choose among stocks & how to properly approach them you could end up wasting money instead of increasing your profits. You can't just trade stocks like if you where gambling in Vegas.

Fortunately some websites on the internet can show you how to use effective and proven stock trading strategies. One of those sites that can show you how to take advantage of hot stocks using simple to understand and apply momentum trading strategies is http://www.ProfitableStockMarket.com

Visit them today & discover how to profit in the stock market by picking momentum stock trading opportunities in an effective way every week.

If you are concerned about inflation - the decreasing value of the dollar - the answers you've heard before: Gold, Silver, Commodities, Real Estate, etc. are all wrong.

1. Gold and Silver act like other currencies against the dollar. Putting your money into them would be like putting it into the euro. Great for now, but when the dollar goes up, gold and silver come down.

2. Real estate is an investment like any other. People always say 'it's secure' but all you have to do is watch the news to know that there are thousands out there who are losing their shirts in real estate investments.

The problem you face is twofold. first: inflation means that if you just sit on your dollar it will be worth less and less. Second: if you invest the dollar the recession may take it away from you.

You have to pick one of these to stop being afraid of.

Either invest the money and beat inflation in the long term, or put it somewhere 'safe' and watch it go down in value over time.

I say don't be afraid to invest. Just because things are bad right now doesn't mean they'll stay bad forever. Set up a ROTH IRA for yourself or something.

Although I dont agree with the concept of the Euro, it seem to be doing quite well against the dollar. Or you might want to consider buying canned goods and ammunition. It will come in handy if the economy gets as bad as economists are predicting.

Stocks of companies that do a lot of business overseas.

A careful investment in land or in precious metal coins can help, but Gold is now at an all-time high of about $1,000 per ounce.

Send me an email and we will talk investing. What have you done already to save the value of your money against the falling dollar? Do you have a broker?

Hello,

I also had a similair problem as you have.
I had a good amount of money, and wanted it to grow.
So I looked around on the internet to find something that is:
1) giving me great returns towards a relatively small risk

2) Professional people who know what they where doing with my money.

I'm glad to say I finally found a moneymanager who is capable of giving me good returns and give me a great support.
On this blog you can follow up all the results that he is making:
http://my-robottrader.blogspot.com/

My money is working for me, in three months time I already have a ROI of 80%.
So you don't hear me complaining!
Annyway if you would like to get in touch with my moneymanager to have some more information feel free to contact me you can send an email to me at derrekmay at gmail.com.
Then I'll give you the email adress of my moneymanager

Hope this has helped you!

Look first of all of all jeff mentioned companies that do business overseas, well let me tell you something, based on that answer I dont think jeff has done any investment in companies with foreign business arrangements, one person mentioned disasters and coups and all types of intriguing information, however i think she is being a bit to hasty, you can't recession proff anything, no matter the product or the company economies are always vunerable.with that said, yes silver and gold is nice, but why? zecause everyone else does it or they don't have much knowledge on investing point blank.
what you want is to insure your investment in whatever you decide to invest against loss.and it can also e insured against many other occurences as well.it also depends believe it or not on your age,the closer you are to retirement, the less risk you'll want to take in stocks. So you'll switch some of your retirement investments to more conservative things like short-term bond funds or money market accounts. But if you're younger you'll definitely want some exposure to stocks. They're risky over the short term, but far outperform CDs in the long run -- 20 years -- if you have a DIVERSIFIED stock portfolio!
Real estate isn't bad either, to comment on someones thoughtless point about folks loosin their shirts in real estate, that because they made bad decisions on financing the property developed or not, they bit off more than they could chew and then they suffer, well you know what thats what happens when you make hasty decisions or dont leave any room for error.Don't let someones mindless opinion on real estate scare you.Do research,your own research, no offense to anyone on this site, but seek proffesional advice not online advice.

HA! What you need my friends is a financial advisor. Ergo he manages the portfolio for YOU.

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