Happy New Year
2010: A new year! As so many are focused on New Year’s resolutions and new beginnings, we here at Kingdom Calling have been reflecting on the blessings of 2009. Thank you as always for your loyal readership. Thank you for giving value to this blog through your comments and encouragements. We truly appreciate each one […]
Silver
Silver is much more volatile than gold. As compared to Dollars, you can increase or lose the value of your capital much more quickly with silver and so it should not make up a large part of your Savings and should really be the last portion that you add in order to diversify your savings. […]
Where Do You Buy Foreign Currencies?
We’ve discussed all the reasons for diversifying away from the Dollar. Now, we’ll quickly lay out some practical ways for exactly how you can do so. We’ve spoken at length about gold and silver as possibilities, but let’s revisit sovereign currencies here. There are a number of ways to hold foreign currencies. It’s important that […]
Gold Held in Your Name in a Foreign Country (Pooled or Allocated)
We’ll repeat here that in 1933, the US lead by FDR confiscated all Americans’ gold and then paid them what was then the stated rate, followed by a change in the stated rate which effectively dropped the value of the Dollars exchanged for the confiscated gold by almost half. None of us like to think […]
More on Buying and Owning Gold
Jewelry There is a company (there could be more, but this is the one we know about) which makes 24kt (pure gold) jewelry. Most gold jewelry has much less gold in it. The thinking is that when the government confiscated American’s gold in the past and made it illegal to own gold coins, they did […]
What Kind of Gold Should You Buy?
This won’t be everything you ever needed to know about buying gold, but we do want to give you some things to keep in mind and some very specific ways that you can purchase gold. One good thing to do is to go to www.kitco.com and familiarize yourself with the many different kinds of information […]
Foreign Currency
Savings can be held in any currency. Of course, other currencies are currently much more difficult to exchange in the US, but if you’ve visited other countries, you’ve probably noticed that currencies other than the national currency are often accepted in many countries. We’ve noticed over just the last decade that Dollars used to be […]
Gold vs. Silver
“He brought out Israel, laden with silver and gold, and from among their tribes no one faltered.” (Psalm 105:37) When the United States established its currency by setting a value against gold and silver it used a ratio of 15 to 1. It took 15 ounces of silver to buy one ounce of gold. This […]
How Do You Diversify Savings Away from the Dollar?
If you’re trying to maintain a safe Cash Reserve, but have determined that the US Government is acting to destroy the value of Cash, what do you do? We’re going to look at two major categories of savings to consider as well as look into the advantages and risks of each. First, it’s worth repeating […]
The 5 Tiered Savings System We’ve Already Established
When building a strong Trunk for your financial tree, you establish a 5 Tier System: Tier 1 – Your Cash on Hand. We’ve discussed potential reasons that the banking system which has been strong your whole life could experience a momentary collapse. This happens throughout the world when a system experiences extreme conditions. The question […]
