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Home > Articles > Is your money safe? By Lewis Revels CEO
 
Is your money safe? By Lewis Revels CEO
This message will be short and sweet. It concerns the future of America and where we are going both morally and financially. I will be blunt and for the most part talking as a concerned citizen and not a guy looking for another fast buck on a get rich scheme.

At 64 I’m convinced that the financial end of the last 50 years is getting ready to take a turn – and hopefully for the best. In this brief memo I’ll tell you what I’m doing to weather this storm and what I see are the biggest pitfalls if you don’t take action to protect yourself and your family. This is not advice – but downright instructions that will help you survive even the worst downturns.

Depending on your age you will remember the early 1960’s, the Johnson Great Society of 1966, the 1971 Nixon Dollar devaluation, the 1979 Iran Crisis and of course the 1987 Stock Market crash. Notice that every one of these events concerns money, politics and the destruction of America’s wealth. The reasons are simple – our government insists on spending more money than they have and printing us into oblivion by inflating the country with “worthless U.S. Dollar Bills”. It’s time their checks from the last 40 years are being cashed and guess what – they are all going to bounce! The Presidential election is now over but our economic future is just beginning. No politician will change the system – it’s too big. All they can do is make promises that cost money. But fortunately for the smart ones (like you and millions of others) we can do something about it. First let’s list what not to do…then a to-do list.

Sensible DO NOT:
 
• Put all your money in paper assets but allocate the
money you have with prudent investments – a lot
of different ones, especially tangibles - hard money,
real estate and even raw land.
• Trust the banks with your money or your broker
friends. Even money markets can be taken down.
• Sell all your stocks or bonds unless your cash needs
are immediate. The crisis will calm soon.
• Panic sell or buy – but trust your instincts and not
others. Spread your money where you feel okay.
• Borrow on your home or 401k plan.
• Take on any new debt for a car, personal loan, frills
of any kind, or vacation for any reason!!
• Loan any relatives money, except for college. You
can forget about getting it back.
Prudent To-DO List:

• Buy Gold, Silver and “Rare Coins” as a financial hedge.
We suggest U.S. Mint Silver Eagles and U.S. Mint Gold
Buffalos, plus 'rare' coins that have proven pasts.
• Make sure you have a will for succession planning. Also
a Medical Power of Attorney. …Please!
• Take all cash out of banks over $25,000…it is safer in your
hands than theirs, and move it around for liquidity.
• Keep at least 40% of your assets in “wealth protection”
items such as gold buffalos, silver eagles, rare coins, land
and a debt free home.
• Cut up all your credit cards except Discover since it has a
rebate of 1% at year’s end. Trust me on this one.
• Invest in your children’s future. Talk to them about money.
• Get rid of any and all debt over 6% interest. At 6% or
less it’s still a good deal, so borrow it.

Ok you say, I’ve done what you asked me to do, now what. The steps you just followed will keep you safe as long as you do not backslide on the fundamentals. At this point we suggest you buy small gold coins and 1 oz. silver eagles on a monthly basis to average out your cost. It will shock you how fast your wealth will build and keep building. One thing you should keep in mind is this. Buying hard money and key rare coins and U.S. paper currency is only a hedge for wealth preservation and may not make you a dime. It’s that word “preservation” that is the key.

The future inflation of our country will take care of the upside – I’m only interested in making sure you don’t go busted on the down side with credit cards, no future wealth building and a home with a big mortgage. Let’s get out of debt and start saving “any amount” monthly even if its $20 - $50 - $100! But do not save all cash…put 40% in assets that will hold or hedge the real inflation cycle. We love 1 oz. silver eagles, gold buffalos and old rare U.S. paper currency, especially certified notes. Eagles are cheap, some buffalos have been suspended from U.S. Mint production and rare paper money has never lost any value even in bad times. They are all winners…and I’m living proof of it … for 30 years!

One last comment: our Country will survive this crisis but your financial future may not unless you change your perspective about how to save for the future with “wealth preservation” investments. In a few short years I’ll be getting letters and emails of how this simple change in savings has helped you to become free of the ravages of stupid politicians and incompetent money managers of our government. Good Luck!