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.
Takeaway
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.