Everyday more and more people are waking up to the idea that they MUST own gold if they want to protect their assets from an out of control government. Owning gold is a great first step, but as history tells us, responsible people can and should do more before it’s too late…
History paints a bleak picture of the decline of Rome. Once warring consuls Antony, Lepidus, and Octavian were finished duking it out with each other in 31 BC, any semblance of the original Roman republic was gone forever.
Successive emperors of Rome included men like Tiberius, a paranoid deviant with a lust for executions. He spent the last decade of his reign completely detached from Rome, living in Capri.
Following Tiberius was Caligula, infamous for his moral depravity and insanity. According to Roman historians Suetonius and Cassius Dio, Tiberius would send his legions on pointless marches and turned his palace into a bordello of such repute that it inspired the 1979 porno film named for him.
Caligula was followed by Claudius, a stammering, slobbering, confused man as described by his contemporaries. Then there was Nero, who not only managed to burn down his city but was also the first emperor to debase the value of Rome’s currency.
You know the rest of the story – Romans watched their leadership and country get worse and worse.
All along the way, there were two types of people: the first group were folks that figured, “This has GOT to be the bottom, it can only get better from here.” Their patriotism was rewarded with reduced civil liberties, higher taxes, insane despots, and a polluted currency.
The other group consisted of people who looked at the warning signs and thought, “I have to get out of here.” They followed their instincts and moved on to other places where they could build their lives, survive, and prosper.
You’re reading this because you probably fall into the latter category. You’re aware of the problems. You can feel your civil liberties and economic opportunities slowly slipping away, all while the crop of national leadership grows more depraved with every election cycle.
You want to do something about it. You want to take steps to protect yourself, your family, and your livelihood. Perhaps you’ve already started by investing in precious metals. Gold is a great hedge against inflation, political turmoil, and default – things I call “sovereign risk.”
You see, some of the world’s largest governments are going broke, and these politicians will take any steps necessary in order to maintain the status quo: they will lie, they will steal, they will declare wars, they will bankrupt their people with hyperinflation… whatever it takes.
This is the greatest risk we face today. Buying gold is a great start, but there is MUCH more that you can do.
I’m an advocate of what I call planting ‘multiple flags.’ At its core, planting multiple flags means that you are diversifying your sovereign risk around the globe so that no single government has total control over your livelihood. Let me explain.
Let’s say you are from the US. If you live, work, bank, invest, register your business, own your property, store your gold, etc. within the US, and one little thing goes wrong, all of those assets and interests are at substantial risk. Any judge or bureaucrat could make them all disappear with a few mouse clicks.
It needn’t even be anything big. Maybe some three-letter agency suspects you of wrongdoing. Maybe your neighbor wants to sue you. Maybe they outlaw gold ownership (again). There are infinite possibilities, and infinite risks.
When you plant multiple flags, you diversify those assets around the globe. Store your gold in Switzerland. Open a bank account in Hong Kong. Register your company in Singapore. Establish an emergency ‘backup’ residency in Chile.
You can plant flags with just about any interest in your life – where you go to get high quality, cost effective medical care, where you set up your web servers for an online business, where you establish an international brokerage account, etc.
This approach is NOT just for the super rich. In fact, I’ve helped all kinds of people to plant their own flags, young and old, rich and poor.
Taking some simple steps to protect yourself will give you extraordinary peace of mind. You’ll know that, without doubt, you have some savings socked away that NOBODY can touch. You’ll know that you have a solid emergency backup plan. You’ll know that everything you’ve worked for won’t vanish in an instant.Simon Blackfor The Daily Reckoning
Simon Black is an international investor, entrepreneur, permanent traveler, and free man.
“… politicians will take any steps necessary in order to maintain the status quo: they will lie, they will steal, they will declare wars, they will bankrupt their people with hyperinflation… whatever it takes … I’m an advocate of what I call planting ‘multiple flags.’ At its core, planting multiple flags means that you are diversifying your sovereign risk around the globe so that no single government has total control over your livelihood.”
let me get this straight. politicians are/will be desperate crooks, so to prevent any one of them from whacking you, you expose yourself to ALL of them so they ALL can whack you? what’s wrong with this picture?
“Store your gold in Switzerland. Open a bank account in Hong Kong. Register your company in Singapore. Establish an emergency ‘backup’ residency in Chile.”
and with the world cracking up around you, you’ll be able to maintain unrestricted untaxed unregulated communication between all this? good luck with that.
and you might want to read a little more roman history. the reason the romans did not run from their government was because there was nowhere else to go. as america declines I think you’ll find your previously assumed and taken-for-granted freedoms and rights equally in decline offshore.
I agree there is nowhere to hide.
I agree with gman.
Real health care reform isn't going to come in the form of laws, rules, and regulations. It's going to come from people looking to do things differently and find savings where none previously existed. And that means developing new technology that expands medical coverage. Now if only government got out of the way...
With the market hitting new highs all the time, many investors are beginning to think that a dramatic drop in stock prices is right around the corner. But while they continue to add short positions to their portfolios, you can take the opposite side of the trade and laugh all the way to the bank. Greg Guenthner explains...
No matter where you live in the US, it seems like some federal employee has his hand on your wallet. That said, not all states are created equal in that regard. And so today, Addison Wiggin details which states offer you the least intrusive options when it comes to dealing with the various levels of government. Read on...
When it comes to investing in small companies with explosive growth potential, there is one number investors tend to be fixated on: share price. But as Jonas Elmerraji explains, there is another number that is far more important when it comes to discovering quality investments on the cheap. Read on...
A lot of people are buying to a lot of bad ideas right now, based on faulty logic or blindly following a political agenda. But if you ask the right questions, you can expose these ideas, as well as the people who support them, and show how silly (and stupid) they really are. Thankfully, one man has been doing just that for decades. Doug French explains...