How to Invest Your Money
There are a number of options when it comes to asset diversification. Here are a few that will help you stay ahead of the rapidly depressing economy.
Gold and Silver
The first step is to convert a decent percentage of your assets into physical wealth. The more conservative you want to be, the more of your assets you should convert.
I recommend holding only between 15-30% beyond what you need for monthly expenses in actual cash. Gold and silver are the best known and most likely to remain steady physical assets on the market.
Purchase through reliable companies like Kitco and you can rest easy knowing your wealth is protected by the world’s oldest form of money.
Other Physical Assets
While gold is a fantastic form of money, you can also store wealth in physical assets with real world applications like oil, natural gas, mining stocks, minerals, livestock and grains, or any industrial metals (including silver).
Commodities will only increase in value and regardless of what happens to the fiat currency most of them are valued under, they will hold their value because they are in demand.
If you have a retirement account sponsored by your employer that won’t fully vest until you are almost 60 years old, you can reallocate the funds in it including into mutual funds based on gold and other solid, physical assets.
Purchase Stable Currencies
If you want to hold a certain volume of paper currency, choose one backed by a country with a stable economy and very little debt. The Swiss Franc has always been a respectable choice, as is the Canadian Dollar, the Swedish Krona, and the Australian Dollar.
Again, your holdings in paper money, regardless of how stable that country’s economy seems should be limited.
If a full global economic meltdown occurs, even the currencies of stable, debt-free countries will suffer, merely due to the global nature of consumption economics.
There are a number of ways to protect your assets without exposing yourself to additional risk or limiting your options. The most important thing you can do is ensure you have a clear plan and start acting on it now.
Even if you don’t feel it will be completed for a couple of years, preparation now will give you a jump start on those who keep their wealth in only paper money assets.
The coming economic crisis has already started and as a result, millions of people have lost billions of dollars in assets that were stored in assets that for so long seemed untouchable – things like real estate and bonds.
So, to avoid falling victim to a second wave of economic crashes, take action now and protect what is yours.