Get INTO Gold and Silver, Get out of Cash, Stocks, Bonds, Derivatives, and Cryto Currencies.
This is a summary of a longer Lead article from February 2019 MIA
As nonstop money printing commences, making
many currencies worthless, governments will attempt
to create crypto-based electronic money, but
this will just be another gimmick or form of fake
money and will not succeed. Many believe that a
global reset by the major powers will turn the tide, but
this is problematic because many of the major powers
are unlikely to agree and will want to do their own
thing. China and Russia will do their own thing, and so
will the US. The EU will probably be in a total chaos
at that time, as will the euro. Banks in Italy, Greece,
Spain, France, UK, and Germany, etc., will be failing
by the thousands.
The beginning of wisdom at that time (or perhaps
very soon – like now) will be to keep very little
or no money in the banks anywhere in the world.
Such deposits will either be lost through insolvency,
bail-ins, or total debasement of the currency. Many of
the other assets held in a bank could face a similar fate.
Some bank failures of relatively large banks have
already begun in Asia at this writing. What is clear is
that the risks are massive, and wealth protection means
taking defensive steps before the crisis – and that time
is now.
Being out of the stock and bond markets (including
corporate, government, or municipal bonds) –
except for some gold mining stocks or short positions
in stocks; reducing real estate holdings; cutting
bank deposits to only what you need to pay monthly
bills; having up to 50% of your portfolio in physical
gold and silver – with a quarter of it stored abroad;
and holding at least six months expenses in cash –
all make sense for the times we see coming. There
are other suggestions we have made in the past as
well – including the most important – pray for wisdom
and guidance to the God of the Bible as to what
course of action you should take. And remember the
Second Golden Rule: “He who has the gold makes
the rules!”
Source: The McAlvany Intelligence Advisor
P.O. Box 84904
Phoenix, AZ 85071
877-622-5826
Internet: www.MIAtoday.com
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