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Cyprus bailout = money shift to tangible assets (gold, silver, etc...)
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<p>[QUOTE="Rono, post: 1666755, member: 6492"]Howdy, </p><p><br /></p><p>While the outlawed private ownership of gold back in the '30's, they never went around confiscating it. However, they could very easily do it again. Or they could require that you put some percentage of your retirement accts in gov't bonds. Or they could surcharge tax any of our stuff - very easily. Will they? Probably not, but there is a chance. </p><p><br /></p><p>For this reason, I do think you are spot on with your preparation. You diversify your wealth. Not just your portfolio, but your wealth. About 5 years ago I read a quote from the Elder Baron Rothschild that to protect yourself, you wanted 1/3 of your wealth in securities, 1/3 in real estate and 1/3 in rare art. I'll let all y'all define rare art, but do yourself a favor and run your numbers and see where you stand. When I first ran mine, I was 90/8/2 and I almost blew chunks. I'm now 60/25/15 and still working at it. </p><p><br /></p><p>peace,</p><p><br /></p><p>rono[/QUOTE]</p><p><br /></p>
[QUOTE="Rono, post: 1666755, member: 6492"]Howdy, While the outlawed private ownership of gold back in the '30's, they never went around confiscating it. However, they could very easily do it again. Or they could require that you put some percentage of your retirement accts in gov't bonds. Or they could surcharge tax any of our stuff - very easily. Will they? Probably not, but there is a chance. For this reason, I do think you are spot on with your preparation. You diversify your wealth. Not just your portfolio, but your wealth. About 5 years ago I read a quote from the Elder Baron Rothschild that to protect yourself, you wanted 1/3 of your wealth in securities, 1/3 in real estate and 1/3 in rare art. I'll let all y'all define rare art, but do yourself a favor and run your numbers and see where you stand. When I first ran mine, I was 90/8/2 and I almost blew chunks. I'm now 60/25/15 and still working at it. peace, rono[/QUOTE]
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