The Prudent Investor Rediscovers Safe, Hidden Wealth
Volatility has found its way back into the stock market. Last year, the Dow had a total of 10 moves up or down of 1% or more in one day… all year long.
In just the first quarter of 2018, the Dow experienced 11 days with an increase of 1% or more. It has also already seen 13 days with a drop of 1% or more…
Twenty-four such moves in one quarter is a lot. And I’m certain this resurgent volatility is part of the reason people are turning to gold.
Why Should You Own Gold?
Gold is wealth insurance.
You no doubt have home (or renters) insurance, auto insurance and health insurance. You pay the premiums. You hope you never need the insurance. But you have it just in case.
Gold is insurance for your portfolio… for your wealth. Simply put, gold is a liquid store of purchasing power for a potential financial crisis you hope you never have.
In my 22 years with Asset Strategies International, I have seen countless successful examples where gold served as wealth insurance at all levels… government, corporate and individual.
Almost seven years ago, Muammar Gaddafi was ousted as Libya’s leader. Long before that fateful day in October 2011, he was cut off from the world’s banking system.
Yet because he had Libya’s central bank gold stored close at hand in Tripoli, he was able to fight his ignoble fight without access to his bank accounts. He simply traded his gold with neighbor nations for food, supplies and munitions.
Here’s a more recent example from a longtime client…
Last week, I received a call from a client who invested in gold and silver through Perth Mint Certificates, an incredibly safe and cost-effective method of owning gold. We had introduced this Australian government-guaranteed program to her through a June 1997 article titled “The Prudent Oxfordian Discovers Safe, Hidden Wealth Down Under.”
She responded to the article and began purchasing her wealth insurance.
For two decades, she never needed it. Then her son suffered three separate strokes. And although he had health insurance, the claims were denied due to pre-existing conditions.
This would have been enough to destroy the finances of most Americans – who traditionally have some of the poorest savings rates in the world. But it did not destroy her. She had wealth insurance. She had gold.
In my opinion, having 10% of your assets in gold for insurance is not a luxury or even a nicety. Having 10% of your assets in gold is a necessity.
If you need it, it’s there. Cash it in… and meet the need. If you never need it – good for you. Pass it on to your heirs to give them a start in life.
But by all means, maintain the 10% allocation at all times.
How Should You Own Gold?
There are myriad ways to own gold. I like to keep things simple while still accomplishing my goals. So I follow these two steps…
First, since gold is insurance for unforeseen emergencies, it needs to be accessible. It needs to be close at hand when and if needed.
To that end, I want my gold in my possession, where I can put my hands on it the moment I need it.
I like government-minted coins – American Eagles, American Buffalos, Canadian Maple Leafs, Austrian Philharmonics and Australian Kangaroos – from major mints. No matter where I go in the world, these coins will be recognized – they’re liquid.
I also tend to restrict my purchases to 1-ounce gold coins. The premiums here are reasonable. With fractional coins – one-half of an ounce, one-quarter of an ounce and one-tenth of an ounce – the premiums move higher as the size gets smaller.
I allocate gold in this manner until I either have enough to meet any conceivable short-term need or until I have more than I feel comfortable storing and safeguarding myself.
At that point, I turn to trusted professionals to watch it for me. Here, you have several options…
My first choice is the Perth Mint.
And lightning is about to strike twice Down Under.
The Perth Mint just introduced a cutting-edge new program to own gold, silver and platinum. The Perth Mint Depository Distributor Online (PMDDO) is the only other government-guaranteed precious metals program available in the world aside from the Perth Mint Certificate Program. Asset Strategies offers both programs.
If some of the lowest premiums in the industry, 24/7 access and only $50 purchasing minimums sound attractive, we want to hear from you. Call us at 800.831.0007 or send us an email to get started.
“Sleep at Night” Peace of Mind
In my opinion, everyone needs gold for insurance.
You probably won’t face international banking restrictions like Gaddafi did. You may not have to face a crippling medical need when your health insurance provider leaves you high and dry. But you may face something similar.
As volatility creeps back into our markets and we experience potentially destabilizing developments geopolitically, gold absolutely serves a real and important role in your portfolio.
Holding real money as insurance will undoubtedly provide the peace of mind you need to sleep well at night, regardless of what the world might throw your way.
I have my store of liquid purchasing power for a potential financial crisis I hope never happens.
Let me help you “Keep What’s Yours” through wealth insurance.