It’s true. Unless you understand what is going on, you stand a chance to lose everything you have worked for. Your savings will be obliterated.
But there are several ways you can secure your wealth – a couple ways don’t even involve you spending any money…
We are on the precipice of an extremely volatile market scenario – don’t scoff, this doesn’t just have to do with the stock market; it’s everything in the ‘market.’ Your home and auto loans, your student loans, your bank accounts and even your personal savings that might be dollar bills under your mattress. Your freedom is included in there too…
There are so many issues taking place right now, that I’m not even going to try to address them all. Instead, I’ll just point out three concerns that I have – and that you should have too.
First is the war on cash; as in: governments don’t want you to physically possess cash, but instead want you to hold your money (wealth) as digital currency. Of course, controlled by them. The unassuming might say, “OK, I’m fine with that. I trust my government to hold my money…”
HAHAHAHA, yes, I too laugh at that.
But seriously, we all don’t trust our government to hold our money – so why would we want the government to hold our wealth in digital currency that is controlled/audited by them?
The answer is that we don’t want that. However, that is happening. Our US government and many other governments around the world are looking to outlaw cash in order to better control where money is made and spent. It’s their way of making sure they can accurately tax our earnings AND spendings.
Basically, it’s their ‘legal’ way of stealing money from you and I.
As scary and frustrating as that sounds, there is tremendous opportunity with every crisis and conflict that arises.
Gold and silver have seen unbelievable gains – the best since 1986 – because other intelligent investors are rushing to the metals to preserve their wealth. Investors (and people like you and me) are fearful of their wealth being usurped by the institutions that regulate their finances.
Think I’m nuts or talking about some kind of conspiracy? Just talk to the people of Colombia, Chile, Turkey, South Africa and countless other countries who have had their currency depreciate up to 50% versus the US dollar. Every person in those countries who holds their sovereign currency has seen their savings split up to half (due to the fact that the US dollar is the reserve currency).
“But I have US dollars!” you might say… Yes, it’s true that your money, if you’re holding US dollars, has tremendous buying power right now as indicated in the opportunities in such countries as Colombia or Mexico. But, what you should understand is that everything is cyclical, especially in the financial market.
Which leads me to my second concern…
One specific indicator, in regards to the cyclical nature of the market, is the VIX. The VIX tracks the volatility of the S&P 500 – simply said, the VIX tracks when people get scared about the market or feel good about the market.
The important thing here is that the VIX is extremely cyclical. People don’t feel good about the market forever and they don’t always feel bad about the market forever. Eventually, they change their mind from one side to the other, as market signals influence them, or because it’s human nature to sway with the crowd.
The VIX is due for a change in sentiment, towards more volatility.
My third concern is that insiders know what is happening, and they are buying gold. Lots of it.
Truth be told, I have no way of proving how much gold China or Russia, or even the US has. But I do know that the price over spot for precious metals has gone through the roof.[The price over spot is the premium you and I pay for precious metals. In theory, the higher the premium, the more scarce the metal and vice versa.]
Before I lose you, let’s take a step back though… as the above sounds like a bunch of fear mongering…
The reality is that there are very little chances to take advantages of huge opportunities, unless there are huge conflicts! So what a great time to be knowledgeable about what is going on!
The one piece of advice that I mentioned in the beginning (that doesn’t cost any money) is to simply convert some of your fiat wealth into precious metals wealth. I guess there may be some costs to buy the metals, but my point is that you can simply covert paper money value into precious metal value – that will insure that you at least diversify your holdings and give yourself a chance at preserving your wealth through the next crisis.
Buying precious metals is easy and it’s also the easiest way to preserve your wealth. That said, there are many ways to increase your wealth at the same time that you are preserving it.
The problem is that you have to become creative – and you have to do some work. Luckily, I’ve done a lot of the work; and it wasn’t fun. I’ve also been quite creative, doing some things that I doubt anyone else has.