Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

Skip to comments.

What To Own As The U.S. Dollar Dies
The Market Oracle ^ | 7-5-2014 | Dr. Steve Sjuggerud - Daily Wealth

Posted on 07/05/2014 11:52:55 AM PDT by blam

July 04, 2014
DailyWealth

Dr. Steve Sjuggerud writes: So... if the dollar "dies"... what do you do with your money?

In yesterday's DailyWealth, we looked at "The Coming Death of the Dollar." But we didn't cover what you should do with your money to protect yourself.

In Jim Rickards' book, The Death of Money, he has five recommendations. More specifically, he has an asset allocation of five different investments that have stood the test of time in previous inflations and deflations.

Jim says this portfolio should offer "an optimal combination of wealth preservation under conditions of inflation, deflation, and social unrest... while providing high risk-adjusted returns..."

So what's in it?

Jim's recommended "Death of Money" portfolio is:

* 20% gold
* 20% land
* 10% fine art
* 20% alternative funds
* 30% cash

Let's take a look at each of these in a little more detail...

Gold (20%) should do well in extreme inflation... AND deflation. Jim recommends that you physically own gold itself – not an exchanged-traded fund (ETF) or a derivative.

As for land (20%), Jim prefers undeveloped land. Jim believes that land like this "can be developed cheaply at the bottom of a deflationary phase, and provide large returns in the inflation that is likely to follow."

For fine art (10%), Jim is talking about "museum-quality" art. He specifically excludes things like antique cars and wine. He says "a $10 million painting that weighs two pounds is worth $312,500 per ounce, over two hundred times gold's value by weight, and will not set off metal detectors."

I personally asked Jim how he recommends that people buy the kind of art he's talking about. He told me there are art "funds" that hold museum-quality art. (www.TheFineArtFund.com is an example.)

(snip)

(Excerpt) Read more at marketoracle.co.uk ...


TOPICS:
KEYWORDS: dollar; dollarcrash; dollars; economy; finance; investing
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-100 next last
To: blam
Simple.

The rest is just extra.

41 posted on 07/05/2014 1:20:12 PM PDT by KeyLargo
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kartographer

Ping.


42 posted on 07/05/2014 1:29:17 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Maine Mariner

Don’t forget that after her brilliant investment run laws were passed to prevent her from ever again being a brilliant investor.


43 posted on 07/05/2014 1:31:00 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 23 | View Replies]

To: loungitude

When SHTF, banks won’t open or will limit daily withdrawal amounts.

Before the fiat dollar becomes worthless, physical cash will buy you stuff. Those with debit cards and credit cards won’t be able to buy. The key is to use the cash to get what you/need quickly, including transportation, and keep the precious metals for after the dollar implodes.


44 posted on 07/05/2014 1:32:19 PM PDT by peyton randolph (Show me the man and I will find the crime. - Lavrenti Beria)
[ Post Reply | Private Reply | To 2 | View Replies]

To: kanawa; Diana in Wisconsin

Or you could do like Diana and “Develop a robust post-apocalyptic skill-set”.


45 posted on 07/05/2014 1:32:34 PM PDT by DuncanWaring (The Lord uses the good ones; the bad ones use the Lord.)
[ Post Reply | Private Reply | To 28 | View Replies]

To: Vinylly

Do you know when cash will be king?

The first time you go to the ATM, and it says...

“Sorry, Sucka! No can do!”


46 posted on 07/05/2014 1:33:38 PM PDT by djf (OK. Well, now, lemme try to make this clear: If you LIKE your lasagna, you can KEEP your lasagna!)
[ Post Reply | Private Reply | To 37 | View Replies]

To: lowbridge
Guns and ammo

All you need is one.

In a SHTF situation, guns and ammo will be lying all over the ground.

47 posted on 07/05/2014 1:35:20 PM PDT by Drew68
[ Post Reply | Private Reply | To 10 | View Replies]

To: blam

Gold. Silver. Brass and lead in the proper form factor. Something to throw the lead. End of list.


48 posted on 07/05/2014 1:40:58 PM PDT by piytar (The predator-class is furious that their prey are shooting back.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: blam

his advise is crap.

in a scenario where the dollar collapses, you would immediately lose 40% as the cash becomes worthless and fine art is no longer valued

another 20% would be potentially lost as land rights also disappear, unless you can defend it in the long haul (good luck). unless we’re talking about 500+ wooded acres in the middle nowhere where you’ve got a hidey hole with supplies, it’s pretty pointless

i’m not sure what ‘alternative funds’ would be... but if he means stocks, those would also be worthless and foreign currencies would be problematic.

gold, silver, lead, dry goods, weapons and various means to manufacture various things would be of value. a place to store them discretely and in an easily defendable location would also be required

the ability to make off-grid energy would also be of value


49 posted on 07/05/2014 1:46:05 PM PDT by sten (fighting tyranny never goes out of style)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Georgia Girl 2

you say: “Land? Yeh farmland where you can grow something.”

the MOST essential. And you DO NOT need acres and acres - BUT - you DO need y our own well water and wood stove - and, ideally, a wood lot nearby, if not on house property.

Independence is spelled: Shelter/water/heat/garden - that is not dependent on off site entity.

Here’s what one guy does on 1/5th !! of an acre. (He makes a big mistake in being city water/sewer/heat. but this is incredible)

So if you have a lawn - you can do this - NOW

https://www.youtube.com/watch?v=7IbODJiEM5A


50 posted on 07/05/2014 1:49:17 PM PDT by maine-iac7 (Christian is as Christian does - by their fruits)
[ Post Reply | Private Reply | To 25 | View Replies]

To: maine-iac7

You definitely need an offsite retreat. You can do a lot on 1 acre if its all flat.


51 posted on 07/05/2014 1:54:44 PM PDT by Georgia Girl 2 (The only purpose o f a pistol is to fight your way back to the rifle you should never have dropped.)
[ Post Reply | Private Reply | To 50 | View Replies]

To: nascarnation

Odds of that happening, about the same as Hillary Clinton turning $1000 into $100,000 trading cattle futures.
****************************
That was a pure political payoff ... here’s how you do it ... it’s simple

The broker she trades through is the key ... he has to have a large book where he has authority to trade for others accounts or his own account...

Broker places a put AND a call on a future ... at the end of the day he places/assigns the winner to Hillary’s account and the loser to client “A”

Next week broker places a put and a call on another futures contract , again after knowing which is the winner that goes to Hillary and the losing position placed in client “B”’s portfolio ...

Lather , Rinse , Repeat...


52 posted on 07/05/2014 2:05:59 PM PDT by Neidermeyer
[ Post Reply | Private Reply | To 18 | View Replies]

To: Ultima
I have found this website to be a very useful source of information on the economy, gold, and silver.

Back during WW11 etc - people sold their jewelry/gold/silver etc - but at a terribly low value.

I'm thinking having things like matches/bic lighters/candles/dried soup vegs/sprouting seeds/corn meal/buckwheat flour (all you need is water to make pancakes) - etc. I haven't found any good recipes for gold soup. People are going to be hungry - and want something to light the night and make a fire.

Also, the small sample bottles of alcohol, small baggies of cigarette tobacco and papers, wool 'watchcaps', bars of soap, etc. things you can get, at minimum, full value for.

You can't eat money.

53 posted on 07/05/2014 2:06:17 PM PDT by maine-iac7 (Christian is as Christian does - by their fruits)
[ Post Reply | Private Reply | To 36 | View Replies]

To: B4Ranch

I own a .22-250 Savage varmint rifle, bull barrel sighted in at 500yds. I’ve hit prairie dogs at 700yds. I also carry a Beretta Tomcat in .32 loaded with Glaser Safeties and Hydra-shocks when I’m about. BTW, I’m a gal.


54 posted on 07/05/2014 2:08:32 PM PDT by SkyDancer (If you don't read the newspapers you are uninformed. If you do read newspapers you are misinformed)
[ Post Reply | Private Reply | To 27 | View Replies]

To: Georgia Girl 2
You definitely need an offsite retreat. You can do a lot on 1 acre if its all flat.

Guess I'm set. 1 1/2+ acres surrounded by hundreds of acres of forest, know what foods to forage, got a good recipe for squirrel stew :) - well water, wood stove. But I'm not 'offsite'. I'm ONsite :)

55 posted on 07/05/2014 2:12:35 PM PDT by maine-iac7 (Christian is as Christian does - by their fruits)
[ Post Reply | Private Reply | To 51 | View Replies]

To: Trod Upon

I paid 20K for 50 acres, could have got for less (17.5K, iirc), if I’d paid cash.
Surrounded on 2 sides by Crown Land.

I’ll have to check my terminology but I think the land is unassumed by the county. My understanding is no zoning rules apply.
Likely some limitations on what you can do without a permit, e.g., if you wanted to develop a gravel pit.

Located in Eastern Canada, New Brunswick.
It’s fairly off the beaten track...rural, on a 3-season road, no hydro at present.
If I keep my head down and nose clean, shouldn’t run into much interference.

Got a email from my real estate agent letting me know
he had paid 2014 property taxes for me... $35.34... lol

Get myself a nice shelter built, some livestock,
a proper garden and I’ll be living like a King.


56 posted on 07/05/2014 2:21:34 PM PDT by kanawa
[ Post Reply | Private Reply | To 32 | View Replies]

To: blam

With the dollar dead, what good is that cash going to do for you? Maybe on the way down but it’ll be worth less and less every day. Better to own food, defense and shelter.


57 posted on 07/05/2014 2:32:16 PM PDT by bgill
[ Post Reply | Private Reply | To 1 | View Replies]

To: krunkygirl
Thank you

My attitude is if they are unwilling to work for their own future why should I waste the fruits of my labor on them when I know that they will waste it on drugs and frivolous living.

If I wanted my money wasted I would waste it myself.

They have chosen the road to poverty why should I provide them with a minor detour?

58 posted on 07/05/2014 2:42:30 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
[ Post Reply | Private Reply | To 31 | View Replies]

To: sten

“in a scenario where the dollar collapses, you would immediately lose 40% as the cash becomes worthless”

****

If you read his book, he’s betting the increase in the value of gold will more than offset the loss in value of the dollar. In other words, if the dollar immediately loses half its value, he’s looking at gold in the $7,000 per oz. range. If you hold 20% gold and 30% cash, you’re on the upside after the crash.


59 posted on 07/05/2014 3:06:33 PM PDT by peyton randolph (Show me the man and I will find the crime. - Lavrenti Beria)
[ Post Reply | Private Reply | To 49 | View Replies]

To: Georgia Girl 2

“Land? Yeh farmland where you can grow something.”

****

Tax breaks for farmland will disappear. The government will skyrocket property taxes as a means to confiscate the farmland through unpaid tax liens. Count on it.


60 posted on 07/05/2014 3:08:01 PM PDT by peyton randolph (Show me the man and I will find the crime. - Lavrenti Beria)
[ Post Reply | Private Reply | To 25 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-100 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
Bloggers & Personal
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson