Silver News

The Mission Of The Silver News Surfer Has Always Been & Will Always Be - To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

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Here’s Why The USD Could Crash In A Matter Of Months…

April 22, 2014 10:17 am est

The Mission Of The Silver News Surfer Has Always Been & Will Always Be – To Preserve Your Wealth, Protect Your Purchasing Power and Create Generational Wealth!

May Health Wealth And Success Be Yours!

 

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Now onto protecting your wealth…

With the news coming at us faster than we can keep up, I wanted to help you get prepared for the “what ifs” that life throws at us….

The recent fires around the world remind us how crucial it is to plan for unexpected financial misfortunes.  An important part of financial planning is ensuring you are adequately protected from life’s calamities.  You can’t control what life throws at you, but you can ease the blow by being prepared and keeping your financial life in order. (ahem! Does 2008 ring a bell)

This may seem obvious, but we have a tendency to procrastinate when it comes to precautionary measures.   You should always maintain an emergency fund of three to six months of expenses. You should review your portfolio insurance on a regular basis.  While most of us have home, life and auto insurance, many of us do not even consider portfolio insurance – our financial surroundings change and you may need to make some adjustments.

Make sure that you have adequate portfolio insurance to offset any calamity that the financial system can throw at us at any given time. A good adviser can help you assess the risks that are unique to your situation and ensure you are adequately covered.

In addition to portfolio insurance, you need an emergency plan to help you react quickly, should a disaster strike.  I recommend keeping all of your important documents and assets in a safe – Go to Home Depot and buy a safe. Inside the safe you will see 2 indents, one in the back and the other at he bottom. Drill that sucker to the stud in back of the safe and to the stud under the safe and fill it with your assets that you want protected… this is now your Central Bank.

I suggest hard assets, some cash, important documents and if you are on the same page as most of us, a diamondback .380 inside on the top. Why? Because I’ve always felt that when people have nothing to lose, they lose it and you will want to protect your family and the safe contents at all costs.

Be sure to back-up important computer files at an off-site location.  Document all of your personal belongings and special features of your home with a video or pictures; this should also be kept in the safe.

You also need to be prepared should something happen to you.  If others are dependent on your income, consider term life insurance to help them get by without your assistance.  If you are a primary wage earner, consider long term disability insurance to provide income if you are unable to work.

You should have a current will and health power of attorney.   When reviewing your will, be sure to review beneficiary designations for your retirement plans, annuities, and life insurance policies and your hard assets.

Generally, if you live within your means, stay out of debt and save 10–15% of your income, you will be better prepared to handle financial disasters that may arise.

Hope that helps shed some light – Oh, one more thing… stop procrastinating damn it and DO IT NOW!

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Now onto the breaking news that matters…

 

Richard Russell – The Dollar Will Crash In A Matter Of Months – Money managers are frantically searching for income or profits.  So the question is — is the risk worth the potential reward?  As far as I’m concerned, the potential profits in these markets are not worth the risk.

I’m increasingly worried about holding dollars.  We can still trade in tangible unbacked dollars for real wealth, silver and gold.  I’m buying all the physical precious metals I can, while they are still available.

I think we are seeing the greatest transfer of wealth (West to East) in all history.  China is amassing a huge hoard of gold while I don’t know how much the US and the English speaking nations actually have.  The western central banks’ policy of selling gold to knock down the price is a disaster (and China must love it).

The US will lose its reserve currency advantage within a few years or probably less time.  Our defense against a weak economy is always to print more money.  In a matter of months, I see the dollar crashing.

Read More Here

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And you still want to procrastinate?