Keeping ahead of the merry-go-round these last few days is wearing us out! Xavier and I read a lot of of financial news and reports everyday. Besides subscription investment newsletters, we watch the cheerleaders at CNBC (because that's all we get in Costa Rica), read Kitco news, The Korelin Economics Report, Robert Prechter, David Morgan, Peter Schiff, to name a few.

There are several scenarios being predicted. None pretty. Today's Korelin Report says this:

"Okay, the possibilities are normal short-term panic, immediate breakdown of the banking system and a breakdown of the system during 2009.

One of those scenarios is going to prove to be correct. There are simply no other possibilities.

Regardless of what happens, there is only one sensible action for people who are searching for a safe and sound place to put their money and that is to invest in precious metals. Sound too simple? Maybe, but you have to admit that regardless of what happens gold and silver will not let you down. These are times of uncertainty and I would suggest that you do what others have been doing during similar conditions for thousands of years. Trust the metals."

That's our bet and where we are invested: some in silver, some in gold, some in cash. Metal will never go to zero, like a stock can. Like paper money can and has throughout history. Metal isn't biodegradable, like a house. No matter what, it will always buy food and shelter: safe haven.

"You also have to be aware of what others are saying today. Not just in the conventional press, but everywhere. Listen to The Korelin Economics Report, read the articles on Kitco and get your hands on as many of the newsletters that deal with asset based investing that you can. You know who those people are. Pick their brains and then make you own decisions. In times like these, you cannot afford to be passive. - A.B. Korelin"