So you are just coming out of a bankruptcy and are wondering about credit after bankruptcy as well as how to start rebuilding your life .  Most people will tell you the same song and dance to get a credit card, open a passbook savings account and more.  What I’m going to tell you is against the grain and throughout the course of history has shown to be the most safe.

The Dow rose 15% from 2000 to 2008 and the price of gold rose 250% while silver has gained 300%.  Now since 2008 the Dow has all but crashed while gold and silver hold their value.  You want to recover from your bankruptcy? Think strongly about investing in gold and silver and I mean invest now.

Both metals are good investment but silver is by far a better investment because the gains in coming years will be phenomenal.  Throughout history there has usually been 12 times more silver than gold however that ratio has since changed

This means that there was roughly 12 times more silver in circulation than gold throughout history. There is a lot to this story but in today’s world we are virtually out of silver for many reasons including the fact that we now use silver more than gold in several manufacturing processes.  Silver is considered the indispensable metal and is the most electrically conductive metal known to man, it is thermally conductive and also reflective.  It is a crucial metal. Gold on the other hand has more than 90 percent of the entire product ever mined still in existence.

The price of silver has been depressed for years but on a mass scale.  The dollar will continue to fade as it looses value and from there history tells us they will turn to gold and push the price up.  In this emotional climate the price of silver will explode.  The current exchange on silver to gold is 70 to 1.  Our estimates show that 1 ounce of silver could easily push over $500 an ounce!

What better way to recover from bankruptcy than to get a new vision. Instead of putting your cash in a savings account you should aim to develop at least six to nine months of living expenses silver coins. These can be obtained by visiting your local gold and silver retailer. Generally they will charge around two dollars above the current going rate of silver as their profit margin.

One final benefit to putting your savings in silver is that you must take the silver back to a dealer to exchange it for cash. This makes it tougher to make an emotional decision and spend the money as you have to drive a bit to exchange the coins back for cash. Typically they will issue you a check which you will need to deposit and wait for it to clear.  This makes for less likelihood to spend the money quickly on an emotional purchase.

Again always remember that throughout history gold and silver have consistently been the only items to hold their value. Perhaps that’s why the forefathers have it written into the constitution that its supposed to be the only legal tender for money. For other tips if you have yet to file bankruptcy be sure to check out this post regarding bankruptcy advice.