Not a subscriber? Click here to learn
more.
|
| Home | About Us | Resources | Archive | Free Reports | Market Window |
This Is My Favorite Way to Own GoldBy
Wednesday, June 1, 2016
My decision to buy gold 12 years ago has made me and my family much wealthier. But that's not why I did it.
I bought those gold coins to protect my family and our wealth.
I've been a businessman and an investor for almost 40 years. And I've been inside the investment advisory business for about 30.
During that time, I've made most of the basic money mistakes you can make. I've also seen friends and family members lose their wealth dozens of times.
Had they followed the plan I'll lay out for you today, they could have avoided – or offset – these losses.
So how can you lose your wealth? Here are just a few ways...
But you won't have to worry about any of these circumstances when you own gold. Gold is the ultimate safe haven for your wealth.
It is the single best way you can protect yourself against all the major forces of wealth destruction for three reasons: Gold is tangible. It's portable. And, in most cases, it's private.
Tangibility matters. Your stocks and bonds exist on an electronic spreadsheet. This spreadsheet is the property of some huge financial institution. What if it disappeared? It's not likely, I know, but it's still a possibility. When it comes to protecting what I have, my risk tolerance is zero.
Portability matters, too. Real estate is a tangible asset, but it is not portable. If, for some reason, you wanted to get out of the country, you couldn't take your property with you. And since real estate is non-portable, you can't protect it from confiscation, either. I know hardworking people who have lost their homes to fraud. One day, they owned them, and the next day, they didn't.
Privacy is also important. The other problem with real estate (and many other forms of tangible wealth) is that it's public. Clerks record and preserve every real estate transaction you make for anyone to see. With a working knowledge of Google, your neighbors can study your real estate and see what you paid for it.
None of these problems exist with the gold coins I typically recommend.
You can buy them, hold them, or sell them... without anyone knowing what you are doing. Since they are small, you can transport them discreetly.
You can carry $20,000 worth of gold in a pair of jeans – and $1 million worth in a carry-on bag. Plus, you can ship gold coins on a plane or a boat or by parcel post.
Regards,
Mark Ford
Further Reading:
"You go to lunch with a colleague. Everything is good. When the waiter puts the bill on the table, the total is $26," Mark writes. "Do you pick it up? Do you wait and hope he does? Or do you suggest you split it?" Find out why he says every decision – even your lunch tab – could make you richer or poorer right here.
Are you making this huge retirement mistake? Find out how a rewarding retirement – devoid of money worries – is possible here: How the Big White Lie of Investing Could Cost You Your Retirement.
Market NotesA WARNING SIGN FOR THE U.S. ECONOMY Today's chart highlights the trouble that's lurking ahead for the U.S. economy...
Small, regional used-car dealer America's Car-Mart (CRMT) has 143 locations in 11 states throughout the Midwest and Gulf Coast. The company has more than 65,000 customers – almost all of whom are subprime borrowers.
It's no surprise that some of America's Car-Mart's borrowers aren't able to pay back their loans, forcing the company to suffer losses. Because of that, the company could serve as an indicator of what's ahead for bigger businesses, major banks, and even the U.S. economy.
Last week, America's Car-Mart reported poor fiscal-year and fourth-quarter earnings. The company has stopped its expansion plans, shut down smaller dealerships, and is considering closing others. Investors have turned bearish on CRMT in recent months. Shares are down nearly 60% from their early 2015 highs and just sunk to a new multiyear low.
 |
Recent Articles
|
