Gold and precious metals
Thank you for your desire to help your brothers and sisters in the Lord. I also want to review your past articles on gold and silver as I and my husband want to integrate this as a form of insurance. We are trying to determine feasibility of use outside of the system- although I have to re -read your past post on the Patriot Act. And storage options.
Here is an article I wrote back in August 2019 in which I observed a strange behavior in gold. (Please note there are old broken links as I must periodically delete content lest I go over storage and bandwidth capacity.)
In hindsight, the globalists were already planning for the covid campaign and were positioning gold appropriately beforehand. Regardless, I always tell the reader why we own gold. We own it as personal catastrophe insurance. Our physical holdings are to be held discreetly, and offer us protection against catastrophe from lawsuits, liens, judgments, acrimonious divorces, bankruptcies, and outrageous medical costs. If the courts and creditors don’t know you own it, how can they ever find out?
But be careful, in the post Patriot Act world, gold hoarding could be considered seditious and an act of terrorism, and is confiscatable. But so is currency cash. Legally, we are to register it with the UST if it’s over $10,000 and intend on transporting it. Of course, nobody does, but don’t get caught with it, and don’t tell the authorities you own it.
Whole life insurance
We are vacillating if it’s prudent or not to continue with a new whole life insurance policy – keeping money in reverse engineered cash value life insurance with New York life. We already have 2 existing policies with PennMutual.
Although I do not wish to offer you purchase/sale advice here with a specific investment you already have, I will tell you flat out that I would never purchase a whole life insurance policy as life insurance. I would rather take the amount of extra money I would be paying into the whole life policy vs. term insurance and invest it personally. I would then purchase a term policy. This would go with any type of cash value life policy. I believe cash value policies to be poor investments and present the holder with an opportunity cost. The holder could easily receive a higher rate of return over the long-term in most other investments. The difference in money that one saves from the insurance aspects between term and whole life is enormous over the longer-term.
As one accumulates assets over a lifetime and as children leave the household as they get older, the need to own any life insurance diminishes. Say for instance, a 60-year old married man has a nice retirement plan and a paid off house, the need to purchase life insurance is almost academic.
If I were in this situation, I would make sure I could purchase a term policy at a reasonable rate, then once I obtained that term insurance, I would cash out my whole life or cash value insurance and annuities. The rates of return are low. I would then divert it to other more profitable ventures. Just make sure you can decide on what to do with the money. Money in a checking account has a way of disappearing.
Economics concepts, CBDCs, and a dying dollar
I’m trying to know more economics concepts and what to do to prepare for digital currency, hyperinflation/dollar collapse.
If we have a continuation of price inflation, many will be on the wrong side of the equation. The following link is from an article I published back in April regarding housing and a dead dollar.
I would recommend learning Economics basics to start. By familiarizing yourself with Macroeconomics 101 and 202, you can develop some insight into how the world and financial system operate. You can also discern whether people in the alt-finance media are legitimate experts by determining whether or not what they say makes sense.
As for whether understanding Economics will help you comprehend the circumstances behind any upcoming CBDCs or hyperinflationary collapse is less important than overcoming any hardwired biases you may possess. If you are relying on the typical “dollar collapser” in the alt-media, your biases will negate your understanding of Economics. In this regard, an independent mind is more important.
As an investor, I am not currently factoring in CBDCs into my investment decisions as the outcome is too uncertain. Besides, I doubt it will have any effect on our investment outcomes.
Owner-occupied housing and a mortgage paydown
And we are uncertain if we should pay off our home, with the Great Reset.
As for whether I would recommend prepaying a mortgage, it depends on your financing terms and mortgage rate. If you have a low rate and a 15 or 30-year conforming fixed-rate mortgage, I would be in no rush to pay it off. Once again, there are opportunity costs involved in paying down a mortgage. If your rate is 3.75%, every dollar you devote to mortgage principal is one less dollar you have available to earn more than 3.75%.
On the other hand, if paying down your mortgage provides you with a piece of mind and sense of security, then perhaps you can channel some extra funds into paying off your house. I bet that your whole life insurance rate of return is less than what your mortgage is costing in interest.
The exogenous factors of the Great Reset are beyond our control and are nebulous, too, so I would not factor this in with your decision about paying off your home.
If I were presented with your situation, I would buy term life if you are young or do not have a lot of assets, cash in the whole life policy, and use the proceeds to pay down your mortgage. Essentially this is a riskless way to accumulate wealth, and you can use the paydown of mortgage principal to accelerate the amortization of your monthly payment.
Trading and speculation of derivatives and options
Reading your content it sounds like you do options trading as well, if I’m not mistaken. Its maybe something I should revisit. I was wanting to learn more about selling puts but back then my husband was bothered about the idea of doing it- realizing the people and entities that do this helps explain this concept to my husband.
Thank you again for your important work in such crucial, important topics. You are impacting lives. God bless you and your family
I have one overriding piece of advice for those looking to venture into trading a particular type of investment vehicle (e.g. stocks, currencies, options, futures, bonds, etc.). Unless you have a mastery of a particular niche, I would not recommend you getting involved more than just for fun. While the gains may seem straightforward, few people make money trading. In fact, I have often read that only about 10-15% of traders make money on a consistent basis.
I no longer trade like I used to, as it takes a lot of time, energy, and commitment to keep abreast on the daily market dynamics. If you are not willing to devote the time necessary, I would stay away. Those who make money are actively involved. As I have gotten older, i have realigned my lifestyle to mitigate uncertainty and undue risk. I am no longer willing to hold an open position of five or six gold futures contracts. I am not willing to want to deal with that tension overnight. This is why I have shifted my energies into more predictable outcomes like property management.
I never really traded stock/future options. I was not interested enough in trading them, thus I was not willing to assume the risk of loss. I studied the math behind them in college and grad school, but I never took interest in them.
The bottom line; if you choose to go this route, you need to be focused and accept the risk of loss.