First of all I’m not a financial advisor or expert on this subject, I’m only sharing what I have learned for myself because I want to protect my financial future as I get older.
Having already experienced cancer twice and financial struggle, the Life Insurance Policy was cashed in most of it spent on getting well again, investing in my health and wellbeing. Before it completely dwindled away, I did some research as I needed to invest some of my money, have it work for me so that I am protected in old age and of course, if I have any further health issues.
I’m almost 58 and due to living in both France and the UK, I’m entitled to a meagre state pension. I used to be concerned that I hadn’t set up a private pension fund but I’m so glad I didn’t with the knowledge I have of what is coming next.
We are again sliding into a global banking crisis, remember 2008??
Don’t think ‘it won’t happen to me’, don’t bury your head in the sand. We saw what happened to Greece, Cyprus, Portugal, Venezuela and look at what is happening to Turkey right now?
The Turkish Lira has plumetted but did you know Turkey is a huge consumer of gold, 3,500 tons of it. Due to this economical crisis the Turkish government have requested their people support their government and sell their physical gold back to the banks, in exchange for Turkish Lira, which has no value????? Hold on to your gold people!!!
Precious metals such as gold and silver are always a “SAFE HAVEN”, when it comes to protecting your wealth.
90% of us don’t have a clue about the value of having ownership of precious metals but the very wealthy do. They know the importance of owning gold and silver.
Gold is the one true money that holds global demand and can always be converted into any currency, any goods, any service!! Lynette Zang
So how does the ordinary person acquire gold?? I started saving gold on a monthly basis over a year ago, through the company Karatbars.
The CEO had the vision of making gold available for everyone to buy, producing gold in small affordable amounts. It can be shipped to your home or you can keep it in storage in their secure vaults, outside the central banking system.
It’s a great way to save, paying yourself first and knowing you are building wealth for your future. Having your savings in gold makes you more reluctant to cash in at the first instance of ‘necessity’, as you would with a central bank fiat currency savings account.
Remember, that in times of global economical crisis, the price of gold often soars and even with inflation it always retains it’s purchasing power.
New to ITM Trading? Get your FREE ITM INVESTMENT GUIDE: http://info.itmtrading.com/thanks-yt-free-guide/?ytv=PSM08152018 Link to Slides and Sources: https://www.itmtrading.com/blog/contagion-turkey-gobble-world-lynette-zang/ Turkey boasts the fourteenth largest economy and they’ve had easy access to global debt markets. If that debt were issued in terms of lira, no problem, it could be paid off with cheaper lira.