Tag: preserve wealth

More And More Americans Look To Protect Their Wealth Offshore

More And More Americans Look To Protect Their Wealth Offshore

The primary reason to go offshore is SAFETY. The clients and families I work with, almost entirely, are focused on mitigating US-centric litigation risk and political risk. That is where jurisdictional diversification can make a huge difference.

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Precious Metals vs The Formidable Loss Of Purchasing Power Of The Dollar

Precious Metals vs The Formidable Loss Of Purchasing Power Of The Dollar

If you had purchased $100 in gold in 1971, it would be worth over $3,040 in today’s dollars. But if you had left your $100 in cash, you would still have only $100 in cash, which today only retains about 17% of its former value. Similar to gold, if you had purchased $100 in silver back in 1971, it would be worth over $1,200 in today’s dollars.

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Gold Price In Ukraine 75% Higher In 2014

| April 21, 2014 | Category: Price
Gold Price In Ukraine 75% Higher In 2014

The chart shows how the Hryvnia has been devalued significantly against the USD in 2008, from 0.22 to 0.12. It remained rather stable until this year, when the currency collapsed from 0.12 to 0.08. At the same time, the price of gold in Hryvnia went from 4,000 to 8,000 in 2008. Since the beginning of this year, Hryvnian gold exploded from 10,000 to 17,444 last week.

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Jim Rickards: Money Printing Will Destroy Confidence At Some Point

Jim Rickards: Money Printing Will Destroy Confidence At Some Point

On the myth that it is not important how much is printed, Jim Rickards says that the Fed’s safety net of printing has holes in it. If the money printing could go on indefinitely then you would be right and I would agree with you but it cannot go on indefinitely. The Fed could legally print more than the $4 trillion they’ve already created — $8 trillion, $12 trillion, $16 trillion. Some people say that they can do that — legally they can but they will destroy confidence at some point.

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Gold And Silver Excellent Store Of Wealth In Last 60 Years

Gold And Silver Excellent Store Of Wealth In Last 60 Years

The delusions regarding the value of paper currency, usefulness of the Fed, government entitlements, the welfare and warfare state, and continual growth are weakening. The ultimate reckoning may be sudden or slow, but it will not be pretty for the unprepared. Gold and silver will remain valuable and a store of value over the next 60 years.

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Gold Price Explodes In Ukrainian Currency

| February 27, 2014 | Category: Price
Gold Price Explodes In Ukrainian Currency

Recently, in the heat of the emerging market crisis, we wrote Gold Price Exploding In Emerging Markets. Today, it’s the turn of the Ukrainian currency. The Ukrainian hryvnia has fallen by 50.14% against gold in 2014 and by 28% in the last four days alone. Ukrainians who own gold have protected their savings – again showing gold’s safe haven properties.

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Politicians Continue to Bankrupt Nations and Steal from Individuals

| October 15, 2013 | Category: Economy
Politicians Continue to Bankrupt Nations and Steal from Individuals

Personally, I am certain that some type of cosmetic deal will be reached soon and it will be back to business as usual. The U.S. Debt Ceiling will be raised once again. Another increase in the debt ceiling will allow U.S. politicians to continue spending which will lead to a further loss in confidence as well as the value of the U.S. dollar. And, as this happens the price of gold will go much higher.

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Do Not Express The Value Of Gold In Monopoly Money

Do Not Express The Value Of Gold In Monopoly Money

Paper currencies seem normal. They seem natural. We are told they are necessary. Paper currencies with no intrinsic value are used everywhere – we pretend they are valuable. If we don’t look closely, or remember the world of 60 years ago, they seem like a good idea. Monopoly money. Euros. Dollars. What is the essential difference? Paper, with no intrinsic value, is accepted only because we have confidence in the issuer of the currency and/or because we have no other choice.

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Rationale For Owning Gold In The Coming Deflationary Bust

| September 14, 2013 | Category: Investing
Rationale For Owning Gold In The Coming Deflationary Bust

As all central banks are printing money, their value all go down simultaneously. In such an environment, gold is a good solution. This is the rationale to hold some money in the form of [physical] gold. Cash is not necessary the best investment.

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This Ponzi Scheme of Government Financing Will Not Continue Forever

This Ponzi Scheme of Government Financing Will Not Continue Forever

If something cannot go on forever, it will stop. If Ponzi financing, paper money, budget deficits, and exponentially increasing debt cannot grow forever, they will eventually stop. The collateral damage will not be pleasant. This is why it makes sense to convert some unbacked paper and digital currency into real money – physical gold and silver. Store it someplace safe – outside the banking system and possibly in a country other than where you live.

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Investment Poker: Nightmare in the Danger Zone

| October 5, 2012 | Articles: Insights

You just took $500,000 (half your net worth) and sat down at a no-limit Texas Hold ‘em game in the Wall Street Casino. You are anxious but feel confident, based on good intelligence and planning. Then you look at the other players at the table: A prominent Washington D. C. lobbyist. A TBTF (Too Big To Fail) banker with deep political connections. The CEO of a major oil company with tentacles into a dozen countries and strong influence in Congress. A Senator known for his insider trading information derived from his Committee Chairman post. A High Frequency Trader with banks of computers at his disposal in addition to several PhD’s […]

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Buying Gold for Wealth Preservation

| July 12, 2012 | Articles: Insights
Buying Gold for Wealth Preservation

So how o you preserve wealth in this crazy economic environment? asks Greg Canavan for the Daily Reckoning Australia. A few weeks ago we quoted from Richard Duncan’s latest book, The New Depression: ‘The hard truth is that it is not easy to preserve wealth. If it were, the families who were wealthy 200 years ago would still be wealthy today – and generally, they are not. In the very harsh economic environment that is likely to prevail over the next ten years, it is likely that a great deal of wealth is going to be destroyed.’ We suggested Buying Gold could be a way of preserving wealth. In response, we received this thoughtful […]

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