No matter how you look at it, the world is sliding toward recession. Once stable economies were struggling: Argentina, Brazil, Italy and so on.
Tax amnesties are rolled in countries, which are some of the strongest indicators that Governments of the world are running out of options on how to keep themselves out from falling into recession.
Even the U.S. can't seem to avoid recession. No matter how hard The Fed is trying to stop it, it's also running out of options.
Some experts are still insisting that the U.S. is as stable as before, but some other experts – which we agree with, by the way – think that the U.S. is heading into a recession that is allegedly the worst in the history.
Peter Schiff and Mike Maloney – among some others – are agreeing that the U.S. - and the world – is very near to the edge of recession. Even Mike Maloney called it in his latest video.
We don't know about you, but we believe that recession is inevitable, and it needs to happen for a “reset” - putting the world's economy to the right position after being 'engineered' and 'manipulated' for so long.
Recession or not, we can't simply passively wait for the Government to find the solution for us. Instead, we need to be proactive in looking for the right strategies and tactics for securing your assets.
Now, we're not economists, nor financial experts who have experience in predicting when the recession will happen – or happened.
However, we understand how your wealth is affected by the recession and what to do in protecting your wealth before, during and after the recession.
The 'end' is near - so to speak - but it's not too late to prepare yourself – and your assets – for it.
Asset protection planning
The key to protecting your wealth is a proper planning; you need a plan, and as we're in the business of International business corporation, as well as getting your assets protected in offshore structures, we do know a thing or two about navigating through the recession.
In this article, we'd like to suggest you five ways to protect yourself from the upcoming recession, in such a way that whenever it's eventually happening, you're ready with your financial survival plan.
1. Open an offshore bank account
Secure a portion – if not the majority – of your savings in an offshore bank account, in a jurisdiction that is more stable than you home country. But why? One of the answers is capital control.
Did you know that it's a common thing for a Government in financial crisis to impose capital control on its own citizens? The idea of capital control is to limit – or even eliminate – currency outflow to keep your home country's liquidity.
To avoid that from happening, you need to keep your savings outside your home country – just in case.
2. Invest internationally
When it comes to investing, why limit yourself? There are plenty of investment opportunities out there offering stellar risk/reward ratio and strong yield. You can invest in overseas' stocks and real estate or partner with overseas' brokerage firms.
To get started, you should be partnering with financial institutions in trusted offshore jurisdictions. Not only your assets are well-secured, but you can also access investing instruments that are only available for clients.
Our partner bank in St. Vincent, for example, allows individual and business clients to access various investment opportunities and services, such as brokerage services, physical precious metal investing, mutual funds and so on.
3. Buy cryptocurrency
Just like any other currencies, cryptocurrency isn't backed by gold. However, they are (considerably) better than the centralized currencies that we know of, because they're the products of a free, unregulated market.
Cryptocurrency will continue to rise in usage and importance, turning them into solid assets in your portfolio – and convenience, too (you can access your fund anytime, anywhere you want - just using a digital wallet.)
4. Purchase physical precious metals – and store them offshore
Purchasing physical precious metals is a sound decision; but how to store those? While under the ground or a secret location is typical, there's a better way to do it: Store the physical precious metals offshore.
Offshore precious metal storage is important because you would want your precious metals to be stored in a more stable jurisdictions than your home country.
5. Accumulate wealth quickly and get ready for the wealth transfer
Wealth transfer is not only about passing wealth from parents or grandparents to their children; wealth transfer is also about taking ownership of underpriced assets, which will be abundantly available especially during the recession.
While the recession is bad news to some, it's great news for those who are patient. Typically happening in a recession, asset prices fall; real estate prices will be in decline, businesses will have a tough time to avoid being in the red, stock markets will crash, and so on.
Those assets will be up for grab at discounted prices, and only those well-armed with the right financial knowledge and sufficient amount of money which will make use of the window of opportunity.
That said, while there's still time, you should accumulate wealth in any forms - cash, precious metals, and everything else in between – to prepare yourself for the wealth transfer.
When it comes to the recession, doing nothing is the worst thing that you can do. You should take action now – whether it's in the offense or defense – as it'll eventually come somewhere in the near future.
Brace yourself; it'll be an interesting ride – for the prepared, that is. Good luck in your asset protection endeavor.
For more info on using offshore structures to protect your assets before, during, and after the recession, please don't hesitate to contact us.