We are knee-deep in some MASSIVE changes coming over the next few months, but I had to stop and take a moment to share my thoughts with you regarding an email that was sent to us this week about gold, and making investment decisions\u2026<\/p>\n
First things first, let\u2019s talk about the recent price declines in precious metals\u2026<\/p>\n
Personally, I don\u2019t even pay attention to the price any more, which is why I haven\u2019t bothered writing about it recently.<\/p>\n
The fundamental reasons I own gold and silver have not gone away, and in fact they\u2019ve only gotten stronger…<\/p>\n
The Eurozone is crumbling as expected, and that process will only continue to accelerate.
\nThe US continues to accumulate debt at levels never before seen in human history.
\nThe nuclear derivative time bomb continues to flare up and remind us that it\u2019s still out there ticking away.<\/p>\n
The only two outcomes to all of this, are still the only two outcomes\u2026 A massive global depression unlike anything the world has ever seen if de-leveraging is allowed to take place.<\/p>\n
Or hyperinflation if the banking system continues to paper over the debt-deleveraging by simply printing trillions upon trillions of more dollars.<\/p>\n
Taking a look at the latest riot pictures coming out of Greece, it\u2019s safe to say that the politicians and bankers would rather press, \u201cprint\u201d, than look out the window at burning cars and anarchy.<\/p>\n
I have not sold a single ounce of my gold or silver, and I will not until this process plays out. Because the US will be the last man standing, I expect that to happen here within the next three years.<\/p>\n
In the meantime, I could care less about the price of metals. I have zero emotions about the topic. I know the reasons why I own metals, I know human and financial history, and I know the inevitable outcomes that lay ahead.<\/p>\n
If gold and silver drop another 50%, I won\u2019t be selling\u2026 I\u2019ll be backing up the dump truck.<\/p>\n
Now with that in mind, let\u2019s talk about that email we received this week\u2026<\/p>\n
==================================================<\/p>\n
\u201cFirst of all I would like to thank you for the top-notch content you are delivering. I’m learning a lot!<\/p>\n
At this moment, the only issue I have is not knowing what I should do but convincing my wife to the following actions we should take.<\/p>\n
I have 30% of my portfolio in metals but I would like to move to all-in scenario and my wife says I’m crazy. This issue is now becoming a source of discussions at home.<\/p>\n
A future idea for our portal: “Ways to convince family members to take action”.<\/p>\n
Kind regards,<\/p>\n
Nuno C. (from Lisbon, Portugal)<\/p>\n
===================================================<\/p>\n
As we all know, I am not a Financial Advisor, so I can\u2019t tell you what to do with your money, I can only share my opinion when it comes to my own, and investing strategy in general\u2026<\/p>\n
Way back in the beginning of 2008, I put around 90% of my investable cash in precious metals. There are three reasons I did that\u2026
\n1. I\u2019m a risk-taker by nature.<\/p>\n
2. I didn\u2019t know any better.<\/p>\n
3. I have the skill-sets and cash-flow businesses in place that allow me to recover from mistakes made due to my ignorance and lack of experience.<\/p>\n
I could afford to make a move like that, because I could make it all back within months because I own my ability to generate cash flow on demand through businesses.<\/p>\n
Over the past three years, I\u2019ve continued to diversify my asset holdings into infinite banking and cash-flow real estate\u2026 Both are vehicles strategically chosen because I expect them to do well during deflation or hyperinflation.<\/p>\n
At this point, the % of my investments held in precious metals is probably around 50% and dropping as I\u2019ve continued to diversify. As stated above, I\u2019m not selling my metals, I\u2019m just buying different assets with new funds.<\/p>\n
If you have a job, if you\u2019re on a fixed income, or if you simply can\u2019t afford to lose a substantial amount of your money, I think you\u2019d be crazy to, \u201cput it all on black\u201d, as you\u2019re suggesting Nuno.<\/p>\n
That\u2019s a decision that someone makes based on emotion, instead of strategy and experience.<\/p>\n
My advice is to call a Financial Advisor who understands what\u2019s taking place around the world and the importance of precious metals, but who can also help you create a strategy that\u2019s safe and profitable no matter what happens.<\/p>\n