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05 September 2017
Accumulate real reserves in a fake world
Today I want to share with you what I think is essential for the completion of your Resilient Plan B, even though directly, it has nothing to do with your hideaway place. It's the last crucial step that must be implemented before anything happens.
It is having an appropriate amount of money reserves on hand for life’s unexpected events or upcoming expenses that often arise in times when people find themselves in the turbulent situation and their normal life may depend on the existence of a Resilient Plan B.
Most individuals who are interested in setting up their plan B are aware of the importance of keeping monetary reserves for a rainy day.
I just want to remind everyone about the importance of keeping real financial reserves vs. the fake stuff, because in the world we live in today the majority of people cannot comprehend this idea anymore.
And to be honest, people are misled by many stereotypes they see and hear in media, not only in the monetary field. That should not be surprising at all - you are what you eat.
There are consequences for allowing to be regularly exposed to lies, bombarded and brainwashed with fake news daily, replacing real friendship with an illusion of social network relationship, and spending fake money on fake food consumption.
What can I say? We live in an artificial world today, and people start forgetting what's real and what is not.
For the sake of an experiment, could you please pull out any US banknote from your pocket? If you just did, you should be proud of yourself. Today most people keep their money in the computer database of the insolvent banks to be safe...
Well, if you are the lucky one, could you please look at the note? You think this is money, right? Come on, say it! There is nothing to be ashamed of; the whole world thinks the same way.
The note seems like a perfect candidate for your reserve fund. It even has a line written on it "FEDERAL RESERVE NOTE." But in reality, only one of those three words is correct. It is neither federal nor reserve.
Will this note be a valuable monetary instrument in five, ten or twenty years from now? Will it buy you the same amount of services, food or merchandise as it does today?
I like a quote from Georg Wilhelm Friedrich Hegel: “We learn from history that we do not learn from history” and another one by Mark Twain: “History doesn't repeat itself, but it often rhymes.”
I believe that one day that banknote will be worthless and will go back to its intrinsic value which is just the cost of the paper it is printed on. The chances are that it will happen at the same time when a good plan B will be advantageous. Should I put my trust into those comforting words that claim that it is a reserve? I don't think so.
The only time tested reserves one should choose are precious metals – the world’s real reserve currency. Gold and silver will always help sustain freedom to operate in case of unanticipated events or in difficult times.
Those who decide to store some of their wealth in real money, as a part of a Resilient Plan B should know a few important details about the storage of their precious metals.
A frequent question amongst precious metals buyers is where and how to keep it safe once you own it. I heard this question thousands of times. One of the businesses I own is a store, dealing in precious metals...
I consulted many people on this subject, and I would say that I am very well qualified to advise in this area. However, I will avoid going into many details about it in this blog for the obvious reasons.
In general terms - people should have their precious metal reserves outside the banking system with easy access from their plan B location. The safest bullion stashes are those that are diversified in location and disclosed to as few people as possible.
Just remember, do not under any circumstances keep it in safety deposit boxes inside the banks. In a crisis, those boxes most likely will not be accessible.
Storing gold and silver in or around your home or at your plan B location is also not a very good idea, but it must be relatively close and easily accessible.
One of the best benefits of owning gold and silver is that nobody knows that you own it. Let's just keep it that way, unless, of course, you are tempted to share on social media sites your insights on where to stash your gold. :)