What You Need to Know About Gold and Wealth Preservation

Your Guide to Wealth Preservation: How to preserve an inheritance, insurance settlement, or real estate sale

Most of us during our lifetimes will inherit some money from our father or mother when they pass away. Or we may receive an insurance settlement as a result of an accident, or we may sell a piece of land or property. What is the best way to approach wealth preservation, to preserve that money? Many people get grandiose ideas about investing that money in the stock market, hoping to get rich quick, doubling or tripling their money in a short period of time. Although that might happen on very rare occasions, the usual scenario is disaster. The stark reality is that most times people who gamble that way become losers. Too late, these people find themselves victims of Wall Street’s persuasive, prosperity propaganda.

Sad to say, I have talked with many individuals over the past four years who have made the wrong decision with the money they had suddenly acquired – they put it all in the stock market. And when the market drops they start losing what they had put in, rather than accomplishing wealth preservation. Then the only solution becomes the glue trap – stay in the market until it “hopefully” comes back. And while they are waiting for it to come back, it continues to drop, and they incur even bigger losses.

For example, a number of years ago I talked to a 63-year-old lady who received an $80,000 inheritance from her mother when she passed away. The lady’s husband dabbled in the stock market and convinced her to put all of it in the market rather than in a safe form for wealth preservation. After three months of the market dropping, her $80,000 was now $30,000. The loss of that money made the lady physically sick because her mother had scrimped and saved all her life to accumulate it and now it was over half gone. She pleaded with her husband to get the money out before it was all gone, but he stiffened up and assured her that the market will come back eventually - - more Wall Street psychology.

Individuals who have money and want to keep it, look at the market as a game, another form of casino. If they have $50,000 to play with they might throw it into IBM stock or another blue-chip stock or high tech stock and leave it in there for a few days. If the stock makes a sudden spike upward they quickly pull it out and make a profit. The big money people only use their play money in the market, not their money for wealth preservation. They are too smart to do otherwise because they know that the stock market game is fickle. It is an illusion or a mirage, created to make losers out of the ignorant, naïve, or unsuspecting.

Another sad story about the stock market and wealth preservation: A man got $450,000 in blue-chip stocks from his father when he passed away. The market was coming down at the time, and his gut response was to pull it out immediately before he lost any of it. His smooth-talking broker, however, persuaded him to wait a couple weeks to see what would happen. After two weeks he had lost $20,000. Again, against his better judgment, his broker told him that the market correction was only temporary, and to leave it in there until it rebounded. The market continued to come down, and his stocks were only worth $385,000. He still didn’t learn his lesson. He was stuck in the Wall Street Casino glue trap. He didn’t want to get out and take the loss but stay in and recoup some of the money he had lost. But will that happen? – not likely. The market is a game, not a mechanism of wealth preservation, and if you don’t know the rules you better not play.

The safest thing to do with an inheritance or a lump sum from the sale of a piece of property or an insurance settlement is to put it into gold and silver as wealth preservation. That is the only sure way to preserve it. In the 10 years I have been in the coin industry I have dealt with many people who have done just that. The amazing thing about most of these people is that they thought of the idea themselves. I really did not have to coax them at all. Most of these people getting inheritances from their parents are older people, and their parents went through the Great Depression of the 1930’s. They know the value of money and the value of gold. Their parents told them that gold is the world’s only money, and it will always have value.

One 67 year old lady got $100,000 from her mother when she passed away, and she put it all into gold and silver. She told me after she got her gold and silver that she now has great peace of mind to know that that money can’t disappear or vanish in a market collapse or when the dollar fails. She has taken a safe approach to wealth preservation. Another lady received a $60,000 inheritance from her mother. She also put it all into gold. Of course, I make sure with each of these individuals that they have plenty of other money on which to live, so they are not taking money they would need to live on to put into gold.

A young couple got an insurance settlement of $250,000. The husband was only 35 years old and had been injured in a car accident. They decided to put $100,000 into gold and silver as wealth preservation and use the rest to pay off debt. Another middle-aged couple got $100,000 from the husband’s father when he passed away. So far, they have put $65,000 into gold and silver. Another man got $250,000 from his mother when she died. He paid off his house, and put $75,000 into gold and silver. And the list goes on. All these people today are excited about what they did, because they know that when our dollar collapses, gold and silver will go out of sight, and they will be wealthy overnight. Not that being wealthy is important to them. The important thing is that they know that they have real financial security because they have gold.

How should you protect the gold once you have it in your possession?

Another very important vehicle for preserving wealth are Asset Protection Trusts. These trusts are especially valuable for private individuals or family members who want to convert a substantial amount of fiat money or stocks or bonds into gold but still hold them in their own personal possession. It is like having the best of both worlds, being able to hold real money (gold) personally, and having it safeguarded permanently at the same time.

Another multi-purpose vehicle is Express Trusts, which offer tremendous flexibility along with bedrock protection from the ravages of the collapsing dollar and from outside government interference.

If you have a significant amount of wealth tied up in dollar-denominated paper investment instruments and you are concerned about protection and privacy you may want to consider one of the many asset protection secrets professionally formulated by a reputable trust company. You can still hold physical gold in your hand and have the assurance that you and your loved ones are completely protected in the event of any one of a series of possible financial calamities.

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