Aside from dealing with the certain political and social chaos and those dangers when the US Dollar and other paper currencies collapse, you need to move your money into paid off real assets. It’s conceivable that some stocks in real assets like (gold & silver) mines would do well too.

In a currency crisis a Social Security check, a bank CD, a Treasury bond, an insurance annuity becomes worthless. That is the reality.

To escape losing all your income and losing all your wealth in a currency crisis, you must diversify in other currencies, and also in paid off real ASSETS that will still be there after the currency is destroyed. Obviously, gold and precious metals figure in here. The falling prices right now are quite beside the point.

Posted November 7, 2008 : SALES…Gold and Silver shares [ click for today's prices] are on sale: from - 50% to - 95%!

• US Gold was priced at $ 10. Today, with some luck, you can pick it up for only $ ½  (- 95%)

• Endeavour silver was $ 6 and is now $ 1 (- 83%)

• Silver Wheaton was $ 20 and is now $ 4   (- 80%)

• Yamana was $ 20 and is now $ 5   (- 75%)

• Hecla mining was $ 13 and is now $ 2 (- 85%)

• Apex silver was $ 27 and is now $ 1 ½ (- 94%)

• Durban Roodepoort was $ 20 and is now $ 3 ½   (- 82%)

• Goldcorp is at sale at half price: from $ 50 to $ 25 (- 50%)

• Freeport was $ 125 and can now be bought at $ 30   (- 76%)

• Coeur d’Alene was $ 7 and can now be picked up at $ ¾   (- 90%)

• Barrick was $ 54 and can now be picked up half price $ 25  (- 50%)

November 7, 2008: SALES…SALES…Oil (fully integrated, service & drilling) shares [click here for today's shares]  are on sale: - 30% to - 70 %

Forget Cheap Oil. The world faces mounting uncertainty and escalating costs on the energy front in the years ahead, as companies scramble to find new pockets of oil and squeeze more production from aging fields, the International Energy Agency says in a largely gloomy annual report.

The agency says the recent slump in oil prices won't last and "current global trends in energy supply and consumption are patently unsustainable."

The report comes as the global economic downturn continues to shove down oil prices, which hit a high of $147 in July. On Thursday on the New York Mercantile Exchange, U.S. benchmark crude closed ... 

• Marathon Oil used to sell for $ 60 and can now be picked up at $ 25 (- 60%)

• Schlumberger was $ 100 and sells half price $ 50  (- 50%)

• BP was $ 76 and has fallen back to $ 40  (- 50%)

• Conoco was $ 94 and has fallen back to $ 45 (- 50%)

• Exxon was $ 96 and is now $ 65 (- 33%)

• Imperial Oil was $ 64 and sells half price $ 32  (- 50%)

• Oxy was $ 100 and sells for $ 50 (- 50%)

• Total was $ 90 and sells for half price $ 45 (- 50%)

• Hess was $ 130 and sells now for $ 60 (- 54%)

• Petrobas was $ 70 and is now $ 30 (- 60%)

• Halliburton has fallen from $ 50 to $ 20  (- 60%)

• Petrohawk came down from $ 50 to $ 20 (- 60%)

 Any idea how much a drilling platform costs a day? 

• Baker Hughes used to sell around $ 90 and is on sale for only $ 30 (- 66%)

• Diamond offshore drilling was $ 140 and sells half price $ 75 (- 50%)

• Nabors has fallen all the way back from $ 50 to $ 12 (- 75%)

• Martin Marietta was $ 160 and sells now for $ 80 (- 50%)

• Smith Intl. sold for $ 110 and is now only $ 30 (- 70%)

• Noble drilling was $ 65 and sells now for $ 30 (- 50%)

• Transocean was $ 170 and is now $ 70 (- 60%)

Note: the above list is to be seen as informative only and shares should only be bought after consultancy with a financial advisor.

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