One of my big fears is that an increasingly desperate US government will find ways to confiscate retirement accounts under some guise of protecting them and also impose a capital assets tax to get at the wealth that people are trying to protect. I don't know how to fully protect against this, but my sense is that people need to move valuables out of the reach of the US government which is a tall order. Even Swiss bank accounts turned out not to be inviolable.
Keep in mind it only takes about 90 days to starve to death.
If it comes down to it, I can choose to starve to death rather than be enslaved.
Actually, that has already been discussed in some articles in recent times, but for the life of me I cannot remember the term for it. I think the number “1035” was in the title of it. Nevertheless, I think you are correct. As reality bites the idiot government, they will get desperate and start moving in.
IIRC, Nancy Pelosi has already suggested this — maybe around ‘08 or so. I think the way she had it figured out was that all 401(k), etc., funds would be put into one big government pot and then they’d take care of distribution.
Gold is a gamble if you think of it as an investment.
Less of a gamble if you think of it as wealth preserver.
Look at who is buying huge amounts of gold and ask yourself why.
Ultimately your best investment is yourself and your family. What will make you safe healthy and happy?
Count on it!
All retirement investments on behalf of all state and corporate employees must be invested in US Treasuries. There. Done. Maybe even by executive order.