Where to Keep Your Assets

As we have seen in the past few months we know that the dollar is currently at an artificially high value, and meanwhile company stock values have plummeted to record lows. As the saying goes, buy low sell high. Now is obviously the time to buy.

If you are still too wary to put your money into stocks, may I suggest buying gold or silver as they are to me only waiting to spring back up in price once the bailouts take full affect on the credibility of the US treasury and dollar.

Most importantly, you want to be debt free of course. After that, you may consider investing in some promising stocks (I definitely would not suggest short selling at this point).

So in short:

  1. No Debt
  2. No US Dollars
  3. Invest in precious metals, emerging markets, or good stocks

If you decide to buy precious metals, be careful who you buy from. Stay clear of goldline.com because they will charge you if you’re not careful 30 to 40 percent above spot price for a coin they call “collectable”. In all reality, these coins that they tout can be easily bought at price that holds a trivial spread.

Precious Metal Option

It’s better to buy at kitco or perhaps at your local coin dealer/ pawn shop for gold coins.

If you are going for silver, better buy in bulk as it is heavy and costly to ship. Again, your best choice would be to buy at a local dealer.

Emerging Market Option

Although I only have a rudimentary grasp emerging markets in general, I have done some research and experienced real growth in China. I still believe it is a good route to invest in the Chinese economy or currency. Others may suggest India or Easter Europe, but I have not looked into it at present. There are a few mutual funds out there that tap into emerging markets.

A few I can name of the top of my head are:

  • Matthews China Fund (Symbol MCHFX)
  • Matthews Asia Pacific (MPACX)
  • Matthews India (MINDX)

Good Stocks Option

I’m not going to list any stocks here, because these days you won’t find a very stable one and I don’t want to be held liable (legally or emotionally) for any losses. Do your homework and find your own.

Good luck securing your assets for the future.