Due to the terrible damage done to the financial system for years, wealth preservation is first and foremost an investment.
The dollar is crashing, the market and bonds are overpriced, even commodities have peaked after a major rally, banks are failing and fear abounds.
You say you’d like to sleep at night and not have to worry about your wealth; well there is a way to accomplish that. Buy gold and silver related assets, especially stocks.
After ten years, gold has finally broken out over $1,000 an ounce, a signal that phase 2 of 3 or 4 phases has begun. Gold could reach anywhere from $1,200 to $1,700 an ounce before the year is over. If you buy gold and silver coins or bullion, take delivery and store them in your safe at home.
At this stage of the gold and silver bull market, anchor your portfolio with 3 or 4 of the strongest producing gold mining stocks and exploration shares. In the 1977 to 1981 period, some of the leveraged speculative shares went from $0.35 to $55.00 and that could well happen again. In today’s markets, this is how you preserve your wealth.
Get out of the stock and bond markets except for gold and silver shares. Terminate cash value life insurance policies and annuities; they invest in the stock market. Although mutual life companies have to invest in bonds.
If you have to have some of your assets in cash, own treasuries from Canada, Switzerland or Norway. We are embarking on one of the most unusual times in investing history. Only 10 to 15 percent of investors will participate, the rest will lose 60 to 90 percent of their assets, their wealth. Don’t you be one of those losers.
Don’t forget: the elitists cannot print gold and gold is debt free. For 6,000 years it has been the only real currency. Gold and silver’s fundamentals are overwhelming. The supply is limited and production is falling and will continue to fall for years to come.
Governmental and central bank debt is increasing exponentially and that is destroying the value of all currencies versus gold. Major nations are now aggressive major gold buyers. Gold and silver are going higher. Do not miss the opportunity to protect your wealth and perhaps to become very wealthy.
To get a diverse basket of the biggest Gold miners, buy this ETF:Market Vectors Gold Miners (GDX)