Asset and Wealth Protection
Personal Liberty focuses on conservative Americans who understand the importance of independent thought in the quest to grow and protect their financial assets, and are seeking to achieve financial freedom.
The cultism surrounding the U.S. economy and the U.S. dollar is truly mind boggling, and by “cultism” I mean a blind faith in the fiat currency mechanism that goes beyond all logic, reason and evidence.
We appreciate all the great advice over the years, and would hope you could shed some light on the best thing we could do in our situation. We are in our mid/late 40′s, only have small amount of money in retirement invested in gold stocks (no other stocks). I have read stories of significant amounts of gold being withdrawn from COMEX. We know the dollar is going to collapse, and stock market values in general are going down. We figure there is good chance our retirement in gold stocks won’t be there when it is our turn to retire, but when do we take it out? My husband thinks the time would be when the price of physical gold starts going up but I question the value of paper stocks, if inventory is truly low, may not go up alot more, even in fiat dollars. Does it decouple and how does that impact our timing?
Thank you in advance for your advice.
I began publishing my monthly newsletter The Bob Livingston Letter™ (subscription required) in 1969. The following is an excerpt from the March 2001 issue. The article was actually written in February. Mid-March saw the Dow drop 821 points in a week and the S&P 500 lose 7 percent. A year later, the Dow had lost 28 percent and many stocks had gone bust, as I predicted.
Anybody who knows anything about the Federal Reserve and Mr. Greenspan believes that by the lowering of interest rates plus printing money that recession/depression can be averted. They also believe that lower interest rates and new money can restart the bull market in stocks.
Could you cover some info in BLL (The Bob Livingston Letter, subscription required) on how a person would go about spending or using gold or silver if we were to buy any quantity of it in physical coins?
The most recent revelation of eurozone wealth confiscation: Italian banks have been ordered by the Italian government to withhold a 20 percent tax on all inbound wire transfers. As Zero Hedge puts it, “[A]ll Italians are money launderers unless proven innocent.”
As a subscriber to your monthly letter (The Bob Livingston Letter, subscription required), I come to you with a question.
It seems that a lot of games are being played with the prices of precious metals. Such is frustrating for those holding same.
Okay, my question: Buying metals against a shaky dollar and inflation is one thing, but what about selling if there is a need? What does one get for his metals? Fiat currency? It seems like a loaded question to me. What are we really buying precious metals for?
I can see paying for some goods with metals, but there are more questions than answers on this.
Don’t fall for the President’s MyRA scam. You’d be better off putting that money under your mattress. It will still lose value because of inflation, but at least the government won’t know where it is so it can steal it.
If you continue to believe that the Fed actually exists to “help” stabilize our economy or our currency, then you will never find the logic behind what they do. If you understand that the goal of the Fed and the globalists is to dismantle the dollar and the U.S. economic system to make way for something “new”, then certain recent events and policy initiatives start to make sense.
Dear Mr. Livingston:
Could you give us the true low-down on “reverse mortgages?” They are flogged to death on TV, and seem sketchy. Thanks.
We’ve all heard praises lavished on Bitcoin, not only from Web activists but from the mainstream media itself. But is Bitcoin’s rise really all it’s cracked up to be? Several problems lead me to believe the digital currency is ultimately a clever distraction.