by Terry Coxon: Expatriate
If you could
only do one thing to protect yourself from the hazards of being
tied to the U.S. economic system, buying physical gold would be
our first recommendation.
Gold is independent
of any government, and is recognized and traded everywhere in the
world. Because of its intrinsic fundamentals – it’s rare, durable,
easy to identify, divisible, and quite portable – it’s been
used for centuries as money and is a reliable, long-term store of
I’m sure many
readers know all this. But what many readers might not know is the
answer to this critical question:
I’ve bought some gold bullion… Where is the best place to store
The right answer
most people never hear is, "In more than one place."
You see, for
the maximum in wealth security, your gold storage plan should have
both a domestic component… and an offshore component.
Holding a substantial
amount of gold outside the U.S. protects it from a government that
has outlawed the ownership of precious metals in the past… and
could do it again. But you also want to keep some of your gold in
the U.S., close at hand. Gold is protection from chaos, so you need
to be able to get to it if circumstances deteriorate.
The most private
way to hold gold domestically is home storage. No records, no third
parties. Home storage means using a hidden safe securely fastened
to the home’s foundation, hiding it somewhere in the house, or even
burying it on your property.
with home storage, however, is you risk being robbed, maybe by someone
ready to take your life if necessary.
storage facilities are the free market’s solution to that risk.
They are not regulated by the government. They’re not controlled
by a three- or four-letter agency. And many will accept customers
on a no-name basis.
get any more private than that.
both facilities for years, with great feedback from readers.
the key word with these storage facilities is "private."
And you’ll note they are NOT banks.
the high degree of confidence most people once had in banks and
financial institutions, they equated secure storage with a bank
safe deposit box.
all banks are plugged into the global financial system… which
means even in the most liberal, freedom-loving countries, banks
are subject to arbitrary government controls and regulations.
you get from gold comes from its independence from the financial
system. Using a bank safe deposit box compromises that safety. That’s
why private, secure storage facilities make so much sense.
I’ve run out
of space today detailing the domestic part of your gold storage
strategy. But remember… for maximum wealth security, think globally.
In tomorrow’s essay, I’ll show you my favorite international ideas
for ensuring your wealth is safe and sound.
At Casey Research, maximum wealth security is a foremost concern
in these uncertain times. Any high-income earner is at risk to become
a victim of the state – bled dry by every new law, regulation,
and restriction on how to invest and conduct business. For Casey
Research’s guide on how to truly internationalize your assets, click
Terry Coxon is contributing author of Casey Research's
u2018Going Global' Special Report.