Owning Gold Is The First Step To "Freedom Insurance"

Authored by Nick Giambruno via InternationalMan.com,

It’s predictable…

A government in need of cash will turn to destructive “solutions.”

Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d’oeuvres before a 10-course meal.

As they become increasingly desperate, governments implement increasingly destructive policies. This might include capital controls, price controls, people controls, official currency devaluations, wealth confiscations, retirement account nationalizations, and more.

The same pattern has played out again and again around the world and throughout history. The worse a government’s fiscal health gets, the more destructive its policies become.

This is the root of political risk.

It’s no secret that political risk is snowballing in many parts of the world. This is especially true in the US and Europe, where welfare and warfare spending continues unabated. It doesn’t matter which party is in power.

But no matter where you live, international diversification can greatly reduce the threat your home government poses to your personal and financial wellbeing.

You know the benefits of diversifying your investment portfolio. If you put all of your asset eggs in one basket, you could lose your entire portfolio if that basket breaks.

The same idea applies to political risk. If your home country “breaks”—and turns to the destructive policies I just mentioned—you could lose everything.

Most people have medical, life, fire, and car insurance. You hope you never have to use these policies, but you have them anyway. They give you peace of mind and protect you if and when the worst does happen.

International diversification is the ultimate insurance policy against an out-of-control government. Think of it as “freedom insurance.”

It frees you from absolute dependence on any one country. Achieve that freedom, and it becomes very difficult for any group of bureaucrats to control you.

The results can be life changing.

The Easiest First Step

It’s crucial to place some of your savings beyond the easy reach of your home government. It keeps that government from trapping your money if and when it implements capital controls or outright asset seizures. Any government can do either without warning.

The ultimate way to diversify your savings is to transfer it out of the immediate reach of your home government and into something tangible.

Something that cannot be easily confiscated, nationalized, frozen, or devalued at the drop of a hat or with a couple of taps on the keyboard—while retaining as much privacy as legally possible.

Something whose value is recognized around the world and is not controlled by any government.

Gold (and silver) fit the bill perfectly.

There is nothing particularly American, Chinese, Russian, or European about gold. Different civilizations have used it as money for millennia. It’s always been an inherently international asset.

Buying gold is perhaps the easiest step you can take towards diversifying your savings.

When you buy gold, you trade in paper money—which the government can devalue and confiscate at will—for a hard asset that’s been a stable store of value for thousands of years.

Gold is universally valued. Its worth doesn’t depend on any government.

In other words, simply buying gold is the easiest way to lessen the political risk to your savings.

Freedom Insurance

Somehow, someway, your home government will keep squeezing your pocketbook harder. It will keep subjecting you to escalating, arbitrary, and burdensome regulations and restrictions.

Expect more government and less freedom all around.

With each passing week, the window to protect your personal and financial freedom closes a bit more.

Fortunately, you don’t need to be hostage to a desperate and out-of-control government.

International diversification is a time-tested route to freedom. Wealthy people around the world have used it for centuries to effectively protect their money and their families.

Buying gold is an important first step.

But there’s much more to do…

The US government gets bigger, more invasive, and more aggressive by the day. But you can take concrete steps to protect yourself from this hostile giant.

That’s why New York Times best-selling author Doug Casey and I just released an urgent guide, Surviving and Thriving During an Economic Collapse. Click here to download the PDF now.


tmosley Wed, 06/21/2017 - 20:15 Permalink

>Gold is universally valued. Its worth doesn’t depend on any government.BWAHAHAHAHAHAHAHAHAHAHAHAHAHAHA!!!!Eat shit and die, Nick.

Muddy1 silvermail Wed, 06/21/2017 - 22:20 Permalink

"When you buy gold, you trade in paper money—which the government can devalue and confiscate at will—for a hard asset that’s been a stable store of value for thousands of years."The government did both devaluate and confiscate gold under FDR.  Then it arbitrairly raised the valeu when much of the gold had been turned in.  The price of an ounce has gone between $30 and $2K,  yet you say it has been a stable store of value.  Do you even know how ridiculous you sound with the contradictions?

In reply to by silvermail

Jimmy Jimmereeno Muddy1 Wed, 06/21/2017 - 22:40 Permalink

You are making the logical error - to which I refer tmosley below - of thinking about  gold.  Your comment reveals that you are thinking in terms of fiatbux.  Fiatbux go up and down while gold goes nowhere.  A gram of gold still buys what it did 100 years ago pre-FRB.  A fiatbux buys 2-or-3 cents what it did 100 years ago.Learn to think in terms of Gold grams/USD.

In reply to by Muddy1

Rakshas Muddy1 Thu, 06/22/2017 - 00:46 Permalink

OY VEY..... ..... every time, every stinking fucking time somebody posts an article about Gold, or god help them - Silver - the dingbats come out of the woodwork - "You'll lose" You'll see You'll lose ........ and all the rest of the PM bashing bullshit, compare Ag/Au today to any number of non-USD currencies, hell just look up the US Debt Clock and check out the lower right hand corner Ratio of Dollars to Oz of Au/Ag of course that's based on fallacious metals inventories.  ....and never mind that Douchebank admitted to manipulating PM prices - Really I'm shocked, shocked I tells ya ...... a Bank behaving badly well now I've seen it all.  Jumpin Jesus on a Pogo Stick - if you have "lost" money because you bought when Ag/Au were up a few years ago you clearly did not understand the question or the reason to trade private CB currency for money in the first place, but please I implore you - either figure it out or do the world a favor and shove your head further up your ass so you stop annoying the rest of us.Whatever you did YOU did, gold and silver are they just are - their valuation has not substantially changed for a very long time the Gasoline to silver ratio has not changed that much in nearly a century nor has the rate of pay for the majority of the world population - one tenth of an oz of silver per day per man from Roman Centurions to textile workers in the slums of Bangledesh.  The comment about FDR confiscating then revaluing gold higher is hilariously inverted - gold didn't move higher Jimi - the FRN moved lower - and Why the Hell (insert JL Picard Facepalm here)  would anyone ever turn in gold to a socialist government like FDR's anyway or any government for that matter, Goddamn!!  "I pulled down my pants and bent over on the street corner now my ass is sore....... but I don't know why "  Fuck me...... At the end of the day buy it don't buy it but what ever you decide YOU decide even if your actions are inspired by some letter writer with the TOO THE MOON ALICE TO THE MOON diatribes, it's on YOU nobody else YOU.  So please spare us with your  "WHO SHIT IN MY PANTS" whinging. Thanks   

In reply to by Muddy1

silvermail tmosley Wed, 06/21/2017 - 20:54 Permalink

Imagine that you have a time machine and you plan to go on a trip for 5, 10 or 20 years ahead.You have a choice what to take with you - US dollars or gold.If you choose US dollars, it means you are an IDIOT.But if you take bitcoin or any other shitcoin with you into the future, it means that you are TWICE IDIOT.

In reply to by tmosley

tmosley silvermail Wed, 06/21/2017 - 20:55 Permalink

I can imagine the conversation in the days just before the automobile took over everything:>Imagine that you have a time machine and you plan to go on a trip for 5, 10 or 20 years ahead.>You have a choice what to take with you - a car or a horse.If you choose a car, it means you are an IDIOT.You might choose the wrong brand of car, but that is certainly better than trying to take a horse down the freeway 20 years after they are fully dominated by automobiles.

In reply to by silvermail

tmosley malek Wed, 06/21/2017 - 21:54 Permalink

99.999% confidence. Not only will the Fed, China, and whoever else that is fucking you continue to fuck you, but low energy prices and the emergence of asteroid mining will fuck you long, hard, and deep with a cock made out of jagged glass shards.Gold and silver are over. I don't know why I even hold on to the tiny remnant of my own stack. Conditioned fear of being exactly fucking wrong I guess.

In reply to by malek

Jimmy Jimmereeno tmosley Wed, 06/21/2017 - 22:28 Permalink

"I don't know why I even hold on to the tiny remnant...."You hold on because there's a remaining sliver of rationality in your perception of reality.  (Most of) your rationality went out the window when you let your incorrect and ill-timed financial commitment to silver - i.e. you let your balance sheet - overwhelm your ability to reason.  As well, you are still unable to think in terms of precious metals - specifically gold - rather than in terms of fiatbux.  Yes, you are correct to repudiate silver - as will the rest of the silver bugs who have not already done so - but you are wrong when you conflate the properties of gold with those of silver.The cryptocurrencies:  come on, get real.  I've responded to you before.  There's a mania going on in the cryptos.  I've traded several since the USD-gold abandonment fueled commodities boom of the 1970s.  The cryptos will be no different.  BTC, LTC, ETH will blow-off upside and they're not anyway near that yet.  When their prices go vertical and gain literally tens-or-more percent per day, then you will know the blow-off is underway.  BTC is going to 8000USD, maybe much higher, before it's all over. 

In reply to by tmosley

HamFistedIdiot Jimmy Jimmereeno Thu, 06/22/2017 - 00:56 Permalink

India is legalizing bitcoin. The Central Banks and Russia are interested in cryptos. I smell a rat. I think this is a trial run for some other digital something that hasn't been released yet. There will be a mania, and then .gov will stomp it out. I like to keep it real, PMs, organic food production, no toxic Wi-Fi and microwave exposures (required for digital payment systems and driverless vehicles), etc. Maybe I am a dreamer, but things like that are the only path forward for a living planet.

In reply to by Jimmy Jimmereeno

SilverDOG tmosley Wed, 06/21/2017 - 21:10 Permalink

  Your imagination procures the speed of history incorrectly.However, imagine going 20 years into the future and chosing a form of value to carry with yourself.This in order to stay within the galaxy of the topic.USD? Which has passed the all time record for "modern" fiat currencies?CDN, AUS, BTC, Yuan, Peso, hell go for Dinar ?What say you?In 20 years, your brilliance of auto choice, may not be legal to operate.Whoa! Easy boy ! Settle down, There now.Where is the water to which you are being led ? In 20 years, I bet history tells you what has highest probability of insuring your choices then, even now.

In reply to by tmosley

tmosley SilverDOG Wed, 06/21/2017 - 21:28 Permalink

Fact is that 20 years from now, nothing that we consider to be valuable will be.To go with the transportation metaphor, in 20 years, we will have flying drones if not teleporters. Every form of transportation we have today will be worthless in the face of those new technologies. Same with money, but at least crypto is a step in the right direction rather than a default to outdated and fully controlled mechanisms of wealth distribution like gold and silver.

In reply to by SilverDOG

allgoodmen tmosley Wed, 06/21/2017 - 22:18 Permalink

So we have guys who are 100% crypto and 0% PM
Another couple guys who are 100% PM and 0% crypto
Notably very few who have fiat.
These three instruments have different purposes!

Let's say you want to cross a border. Probably the first guy has the best chance of bringing it in.
Let's say there is a societal breakdown. The first guy is SOL. So is the second guy (at first). The third guy with fiat is king for the first few days when everyone needs fiat and is fire-saling everything including PM. But after the hyperinflation kicks in (the result of government overreaction by printing more fiat) the PM guy ends up on top.

Now for short term investment, at least in recent months, it is impossible to argue with crypto. But it is so volatile, I could not call it an investment yet, just gambling.

In reply to by tmosley

silvermail tmosley Wed, 06/21/2017 - 21:24 Permalink

Oh, tell your wonderful example about horse and car, to the monetary authorities of the United States or Germany, in which - the share of gold in the structure of monetary reserves, about 70%.At the same time ask them how many percent of shitcoin are in the monetary reserves of the US and Germany.

In reply to by tmosley

Jimmy Jimmereeno Simplifiedfrisbee Wed, 06/21/2017 - 22:54 Permalink

Yes, just so like the anti-intellectual left that must always blame something/someone else for their failure to exercise their reason and, therefore, accept responsibility for their actions.  Let's blame those old fucks that run ZH because we didn't exercise our minds and buy those cryptocoins when they cost pennies on the USD.I am not a believer in ad hominen attacks and I don't know how long you've been around ZH but having seen - and read critically - a deluge of your comments in the past 24 hours or so, I think you're a troll.  Bug off, robot.

In reply to by Simplifiedfrisbee

Crypto-World-Order (not verified) Wed, 06/21/2017 - 20:18 Permalink

Holy shit a pet rock article! FINALLY. It would be freedom, if you didnt have CENTRALIZED derivatives attached. BTW bitchezETH now at 332BTC 2676LTC 44Zcash 286 (this one should be in your wallet)Dash 177

Crypto-World-Order (not verified) tmosley Wed, 06/21/2017 - 20:24 Permalink

Very anonymous and highly decentralized Zcash leverages zero-knowledge proof constructions called zk-SNARKs, which allow two users to exchange information without revealing their identities. While the bitcoin blockchain contains records of the participants in a transaction, as well as the amount involved, Zcash’s blockchain shows only that a transaction took place, not who was involved or what the amount was.

In reply to by tmosley