Sunday, Jan 24, 2010
Preserve your wealth
FDRAOA: How to protect yourself from the federal reserve
With the dumb money still fully vested in stocks, paper gold, and banks, Treasuries at 0% are the opportunity of a lifetime. Every time prices half, safe cash bags a cool 100% return.
In order to survive the current and future financial chaos, the most important thing is to convert as many assets into cash as possible. I'm talking about everything, not just your "investment portfolio." Cars, vacation homes, boats, extra furniture, everything you can sell for cash should be sold. Next, figure out a way to protect that cash.
In the coming decades, protection of cash will be extremely difficult, much more difficult than it is today. Banks are not a safe option.
Posted by devo @ 12:25 AM (996 views) Add Comment
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