It is now more than simply a possibility - having escalated over the past year to an inevitability - that the American currency is destined to collapse and that inflation in the USA will soar to never before seen heights.
The Eastern Block nations, China, India, Russia and the Middle East countries, have been in secret talks (USA not welcomed) to establish a new trading currency that they can use between themselves and backed by and based on a basket of currencies (not including the US$). They are also presently desperately off-loading their US$ holdings as fast as they can in preparation for what they believe is imminent. Some EU countries are also hedging their bets against what they now understand will become a serious and long lasting depression as a result of the US$ collapse, and are also shying away from US T Bills, Bonds and other US government paper security offers because they realise that they will not be worth the ink that was used to print them once the bubble bursts (again).
Many individuals are also aware of what is just over the horizon and those who are able are making preparations. Some of the more perceptive and astute (perhaps with insider links and closely in tune with the environment) cashed in their US property holdings and converted their US$ savings well before the crisis became public, and relocated to more stable countries that are not burdened with excessive US government and corporate debt.
However, those who were not forewarned and were left holding the bag when things started collapsing had to do whatever they could to hedge their bets too. Gold and Silver bullion and certificates being the most popular target. Some were suckered (are still being suckered) into investing in US treasury bonds, which - time will tell - only increased their risks and exposed them to the probability of total loss of their hard earned cash. Those who purchased gold certificates from US banks were also suckered because when the banking system collapses completely - which is what is expected in many quarters to happen in the end - their chances of getting their hands on actual gold is all but non-existent.
But many others took the hands-on-to-the-physical-bullion approach and stashed what they could afford to buy somewhere within easy reach - their homes and offices etc., but definitely not bank vaults - believing it to be the safest bet and hoping the value will sky-rocket and that they can clean up with a nice profit at the end of the game.
Unfortunately, though it might seem like a great plan, this approach is also fraught with - potentially lethal - danger and what was probably not even considered by most is that when things really get bad there will be many (more) millions of people in dire straights and destitute. Desperate, hungry people - like wild animals - will do whatever they deem necessary to survive. A little brutal persuasion or a metal detector will be all that's necessary for the best laid bullion hoarding plans to be made redundant and worthless effort, and the 'nice profits at the end of the game' that were part of the equation will never be realised.
One must also understand that as banks go under their employees join the cues at the welfare office, and those who had access to the gold trading clients' information beforehand - and who had the insight and a suitably devious nature - might just have copied that information on a data storage tablet no larger than their little finger. Quite a lot of potential there to supplement their welfare handout, me thinks.. But assuming there is no suspicion on the part of the robbers of bullion hoarding by their target, they will still tear the place apart to find whatever valuables they can. Gems, jewellery, cash, credit cards and easily moved items of value - like fur coats, coin collections and small electronic items (mobile phones, laptops etc) - being the things they look for in general.
Also something that needs to be considered pretty carefully is that when the government finds itself in too deep to pull itself out, all it needs to do is have one of those 'Presidential Executive Orders' - that have of late become a rather handy little card to play to side step democratic principles - signed by Mr Obama, or whoever is (play) acting as president at the time, and the authorities will be knocking on the door to confiscate all those bullion holdings (in the name of assisting the country to recover). They will know who purchased it because of the regulations in place for banks to account for it. If it is not handed over, out comes the metal detectors, and those who don't play ball are arrested and thrown into one of those 'Fema Concentration Camps' that litter the country, for being in breach of said 'Executive Order'.
Just trying to take it physically out of the country and into another country is in many - if not most - cases an indictable offence at both ends... Putting it in luggage and praying that it will come sailing along the endless conveyor for you to collect at destination port is being just a little too naive... Carrying it in a briefcase is not an option either for most international ports of departure or entry these days due to the high level of screening.
So Now.... What to do????? How to keep savings secure and immune to market forces, hyper-inflation and those pesky 'Executive Orders' ???? That's the all encompassing question, isn't it? Art work - paintings etc. - is not a very suitable alternative for the majority. To start with there are just so many fakes floating around; it is generally bulky, hard to transport without major effort to protect it from damage; often needs specially designed accommodation.
As bleak as it all certainly is - or will be in the not too distant future - for most Americans, there is - believe it or not - a viable solution.... It is not really suitable for everyone, but for those with sufficient cash reserves it can overcome all - or almost all - of the above concerns without breaching any existing laws, is unlikely to become the subject of any 'Executive Orders', would not be a target for your average burglar, even if it was sitting right under his/her nose and will not only retain its value regardless but will also appreciate in value gradually over time....
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If you have between US$4,000 and US$2,000,000 - or the equivalent - that you would like to keep safe and secure, you might like to take the time to click here
but it would probably be smart to do it NOW.
Sebastian