Warning: Grab Your Mattress Cash
Good Morning Reader,
Happy Friday!
Every week, our experts all get together to exchange ideas.
But before we get into what our editors have been looking at this week, we’re going to take some time to answer your pressing questions…
I think our reader Lawrence tapped into something that is top of mind for many of you when he wrote in and said, “I haven't seen anyone suggesting what to do with ‘mattress cash’ as we get closer to Biden's scheme. I'm sure there are many of us who don't have a bundle, but don't want to see it removed from us.”
Here is what Jim Rickards has to say about this:
|
| JIM RICKARDS |
“The time to protect yourself is now. The best way is to keep a portion of your wealth outside of the banking system — what we might call keeping some ‘mattress cash’.
And it’s a good idea to keep some of your liquidity in paper cash (while you can) and gold or silver coins. The gold and silver coins in particular will be money good in every state of the world.
I’m always saying that savers and those with a long-term view should get physical gold now while prices are still attractive and while they still can.
I strongly recommend that you own physical gold (and silver). I recommend you allocate 10% of your investable assets to gold. If you really want to be aggressive, maybe 20%. But no more.
We recommend you buy your physical gold and silver at Hard Assets Alliance for an easy and straightforward online experience. Although we have a business relationship with HAA, we wouldn’t be partnering with them if we didn’t believe they were a reputable company that will safely take care of all your gold and silver purchases, including storage options if you so desire.
Click here for all the details on how to get started.
Once you get your hands on some gold, just make sure you don’t store it in a bank… because it would be subject to confiscation. That defeats the whole purpose of having this sort of protection in the first place.
I hold a significant portion of my wealth in non-digital form, including real estate, fine art and precious metals in safe, nonbank storage. That’s not because I’m paranoid or a fanatic prepper. I just think it’s prudent in these times.
I strongly suggest you do the same. The cashless society will be here quicker than you think.”
Thanks for the question Lawrence!
We also noticed a trend in our inbox when we saw so many of you had questions about Biden Bucks. So our team decided to create this free guide that has everything you need to know… including some actions you can take right now.
This Biden Bucks rundown comes free with your Daily FWD subscription, so click here if you want to learn the ins and outs!
Now that we’ve covered what was on your minds this week, let’s get into some of what our editors have been looking at…
No comments:
Post a Comment
Keep a civil tongue.