{"id":24189,"date":"2017-06-21T20:00:29","date_gmt":"2017-06-22T01:00:29","guid":{"rendered":"http:\/\/olduvai.ca\/?p=24189"},"modified":"2017-06-21T20:01:00","modified_gmt":"2017-06-22T01:01:00","slug":"owning-gold-is-the-first-step-to-freedom-insurance","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=24189","title":{"rendered":"Owning Gold Is the First Step to \u201cFreedom Insurance\u201d"},"content":{"rendered":"<h3><a href=\"http:\/\/www.internationalman.com\/\/articles\/owning-gold-is-the-first-step-to-freedom-insurance\">Owning Gold Is the First Step to \u201cFreedom Insurance\u201d<\/a><\/h3>\n<div class=\"im-image\"><img decoding=\"async\" src=\"https:\/\/d24g2nq85gnwal.cloudfront.net\/images\/monex_anim_gold_new.jpg\" alt=\"Owning Gold Is the First Step to \u201cFreedom Insurance\u201d\" \/><\/div>\n<div class=\"addthis_toolbox addthis_default_style\"><\/div>\n<div id=\"article-body\" class=\"margin_top_25\">\n<p>It\u2019s predictable\u2026<\/p>\n<p>A government in need of cash will turn to destructive \u201csolutions.\u201d<\/p>\n<p>Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d\u2019oeuvres before a 10-course meal.<\/p>\n<p>As they become increasingly desperate, governments implement increasingly destructive policies. This might include capital controls, price controls, people controls, official currency devaluations, wealth confiscations, retirement account nationalizations, and more.<\/p>\n<p>The same pattern has played out again and again around the world and throughout history. The worse a government\u2019s fiscal health gets, the more destructive its policies become.<\/p>\n<p>This is the root of political risk.<\/p>\n<p>But no matter where you live, international diversification can greatly reduce the threat your home government poses to your personal and financial wellbeing.<\/p>\n<p>You know the benefits of diversifying your investment portfolio. If you put all of your asset eggs in one basket, you could lose your entire portfolio if that basket breaks.<\/p>\n<p>The same idea applies to political risk. If your home country \u201cbreaks\u201d\u2014and turns to the destructive policies I just mentioned\u2014you could lose <em>everything<\/em>.<\/p>\n<p>Most people have medical, life, fire, and car insurance. You hope you never have to use these policies, but you have them anyway. They give you peace of mind and protect you if and when the worst does happen.<\/p>\n<p>It\u2019s no secret that political risk is snowballing in many parts of the world. This is especially true in the US and Europe, where welfare and warfare spending continues unabated. It doesn\u2019t matter which party is in power.<\/p>\n<\/div>\n<div>\n<p>But no matter where you live, international diversification can greatly reduce the threat your home government poses to your personal and financial wellbeing.<\/p>\n<p>You know the benefits of diversifying your investment portfolio. If you put all of your asset eggs in one basket, you could lose your entire portfolio if that basket breaks.<\/p>\n<p>&#8230;click on the above link to read the rest of the article&#8230;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Owning Gold Is the First Step to \u201cFreedom Insurance\u201d It\u2019s predictable\u2026 A government in need of cash will turn to destructive \u201csolutions.\u201d Money printing, higher taxes, and more regulations often come first. Unfortunately, these are just the hors d\u2019oeuvres before a 10-course meal. As they become increasingly desperate, governments implement increasingly destructive policies. This might [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[15406,374,6228,11725],"class_list":["post-24189","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-freedom-insurance","tag-gold","tag-international-man","tag-nick-giambruno"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24189","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=24189"}],"version-history":[{"count":2,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24189\/revisions"}],"predecessor-version":[{"id":24191,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/24189\/revisions\/24191"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=24189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=24189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=24189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}