The Retention of Wealth

by Jeff Thomas, International Man:

For most people, the term “investment” means the purchase of something for its anticipated rise in value in the future. However, there is another category of investment, generally referred to as “retention of wealth,” that does not adhere to this definition. Although investments in this category may well rise in value over time, their principle purpose is not profit. Their purpose is to assure that if other investments fail, the investor will still have a portion of his wealth to fall back on.

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Generally, during good economic times, investors are inclined to be somewhat uninterested in this category. However, when bad economic times are on the horizon, retention of wealth becomes (or should become) far more significant in importance.

The world has never seen a time like the present one. In most every facet of the economy, personal wealth is threatened. In many countries, there is the threat of greater taxation, devaluation of currencies, collapses in markets, and even outright confiscation of bank accounts.

Consequently, if the powers-that-be exert their power to (quite literally) rob their citizens, those citizens need to determine the safest havens for their wealth that they possibly can… and need to do so before the wolf arrives at the door.

Those of us who have been predicting the coming economic debacle for many years have, not surprisingly, spent much of that time researching and identifying such opportunities and divesting ourselves of investments whose days may well be numbered.

Basic Truth #1: Precious metals and real estate will become the last safe investments for the retention of wealth.

At some point in the Great Unravelling, we will reach the point when virtually the only “safe” investments will be precious metals and real estate. (It should be stressed that even these are not guaranteed, but they are, and will be, the last bastions. They are the Alamo.)

Although there were a small number of people professing this Basic Truth prior to 2008, very few people were listening. But today, more and more people are realising that, soon, the jig will be up, particularly if they live in the EU or US, where some, if not all, of the threats listed above are virtually certain to occur in the foreseeable future. As a result, there is growing interest in the ownership of precious metals and real estate.

Basic Truth #2: Precious metals and real estate ownership are only safe if they are located outside of an endangered jurisdiction.

For many people, it goes very much against the grain to own anything outside of the country in which they live. (The average American in San Diego would sooner own property in Miami, Florida, some 2500 miles away, than to own property in Tijuana, Mexico, just over the border.)

Yet, if the threat to your wealth is your own government, it is essential to remove your wealth from the country in which you live. The reason is that, as long as it remains in the country in which you are a citizen, the more likely it is that your government will regulate it, tax it, cause it to lose its value through inflation or hyperinflation, and/or simply confiscate it.

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