Landmark Capital has an analogy for you. Santa has acquired a large debt over the years from outsourcing to Papa Elf and the North Pole. In order to pay back his debt, Santa has to come back this Christmas and take back every toy that he gave out last year. Say goodbye to the naughty and nice list, this year Santa is coming for all your toys. Let us explain; Santa is the U.S. Government and all of the toys he gave out last year are American citizens’ assets. This is the definition of a government bail-in.
What Does A Bail-In Mean for Me?
Essentially what would happen in a government bail-in is that our Government would come in and take its citizens assets such as 401(k)s and other retirement accounts and investments. For you specifically it would mean any paper assets that you have. Historically speaking, other physical assets such as precious metals or real estate are not taken.
Bail In’s Sound Like A Conspiracy Theory
Although it may sound like we are just babbling about how the government is bad and they are going to take our money, these things actually happen. 14 Countries since 2009 have actually put into place this government bail in. They happened in more Socialist type settings but unfortunately, that is the direction the United States is heading.
How Can I Protect Myself from A Bail In?
Like we stated above, in most cases when a bail-in happens, those governments do not seize physical assets they only seize paper assets. The best way to protect yourself when a bail-in happens is to have at least some of your money in physical assets. Precious metals would be our suggestion since they are a hedge against a bail-in as well as stock market crashes. As we explain this, the idea of diversification comes to mind. We have never said that you should put all of your money in gold, but we certainly believe it is better for you investment portfolio to have at least a little.
How Do I Get Involved in Precious Metals?
Landmark Capital Gold Group are experts when it comes to precious metals and how you can protect yourself. If you are interested in setting yourself up for success, there is no better place to call than Landmark Capital. To get your financial blueprint give us a call today or visit our Contact Us page!